Quotes of the Week 001

Quotes of the Week 001

Jack Ma (Alibaba) on the increasing monopoly of large companies:

"Large scale was the model. Personalized, custom-made is the future”

Marginal Revolution:

"Don’t be surprised if you see a lot of robots in daily life, and in news stories, but not huge productivity gains in the published statistics. That’s exactly the American economy right now”

Count von Faber-Castell:

"In places where labour is expensive, the ideas simply have to be greater”

Bruce Schneier:

“The economics of the Internet are inherently monopolistic. The big get bigger because they leverage enormous network effects”


"Complex systems can’t be fully modeled. Failure becomes the only way to fully discover requirements. Thus the need to embrace it”

Neil Lawrence (Amazon's AI and professor of machine learning):

"One of the gating factors to ML success is data. To properly train models, an enterprise needs an unearthly amount of data”

Jack Ma (Alibaba):

“Customers are No. 1, employees are No. 2, and shareholders are No. 3.”

Jack Welch (former CEO of General Electric):

“Shareholder value is a result, not a strategy…. Your main constituencies are your employees, your customers and your products”