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“The Internet rewards scale; by trading higher up-front costs for lower marginal cost, market leaders can invest in better technology and service. As a result, there is nothing online that is both great in quality and small in scale. Amazon wasn't originally a better bookstore than the small shops we mourn, but it is now.”

“I know nothing, by experience, of party discipline. I would rather be a raccoon-dog, and belong to a Negro in the forest, than to belong to any party, further than to do justice to all, and to promote the interests of my country. The time will and must come, when honesty will receive its reward, and when the people of this nation will be brought to a sense of their duty, and will pause and reflect how much it cost us to redeem ourselves from the government of one man.”

“J.P. Morgan once had a friend who was so worried about his stock holdings that he could not sleep at night. The friend asked, 'What should I do about my stocks?' Morgan replied, 'Sell down to your sleeping point' Every investor must decide the trade-off he or she is willing to make between eating well and sleeping well. High investment rewards can only be achieved at the cost of substantial risk-taking. So what is your sleeping point? Finding the answer to this question is one of the most important investment steps you must take.”

“It's very easy to attack ourselves. Even comforting in its familiarity, but you must resist this urge at all costs. Dwelling on the past or your perceived flaws will do nothing but keep you under emotional house arrest and hamper your progress. Commit yourself to growth and reward yourself with kindness for choosing to do so!”

“The truth is that business is simple: create great products, merchandise them at the point of sale, continuously innovate and surprise, reward and achieve a position of loyalty with your front line, and seek new truth from the market. Deliver the goods at a competitive cost. Price to earn a decent but not competitively inviting return. Not much else matters.”

“It is irrational to charge high prices for socially valuable innovations as this guarantees that they will be underutilized. It is much better to sell them at cost and then to reward the innovator in some other way. This is not always possible, because in some cases the value of an innovation is in the eye of the beholder; it's very difficult to value how much a new Madonna song is worth, for example. But in the case of medicines, green technologies and seeds in agriculture, such an alternative reward mechanism is fairly straightforward.”

“With the Health Impact Fund, the innovation is paid for separately, through publicly funded health impact rewards, and the product is sold at the cost of production to all. Here, the cruel injustice of preventing the poor from buying at cost - evidenced by today's suppression of the trade in generic versions of patented medicines - would no longer be needed.”

“There are always rebels and radicals, I suppose,' McCleethy allows. 'Those who live on the fringes of society. But what do they contribute to the society itself? They reap its rewards without experiencing its costs. No. I submit that loyal, hardworking citizens who push aside their own selfish desires for the good of the whole are the backbone of the world. What if we all decided to run off and live freely without thought or care for society's rules? Our civilization would crumble. There is a joy in duty and a security in knowing one's place...It is the only way.”