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”

@jeffsussna:

"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”