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All small returns are noise. To transcend the noise and the risk, seek outsized returns from technological paradigms.
George Gilder
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George Gilder
Age: 84
Born: 1939
Born: November 29
Economist
Philosopher
Writer
New York City
New York
Seek
Return
Outsized
Risk
Paradigms
Small
Transcend
Paradigm
Returns
Technological
Noise
More quotes by George Gilder
At the heart of capitalism is the unification of knowledge and power. As Friedrich Hayek, the leader of the Austrian school of economics, put it, To assume all the knowledge to be given to a single mind... is to disregard everything that is important and significant in the real world. Because knowledge is dispersed, power must be as well.
George Gilder
In a world of dumb terminals and telephones, networks had to be smart. But in a world of smart terminals, networks have to be dumb.
George Gilder
Hatred of producers of wealth still flourishes and has become, in fact, the racism of the intelligentsia.
George Gilder
Entropy is Janus-faced. Its upside surprises are redemptive and favorable to freedom. It is freedom of choice. But the carrier itself requires constant vigilance against entropic noise. Order is not spontaneous, but it is a necessary condition for all the surprises of freedom and opportunity.
George Gilder
Nothing is more deadly to achievement than the belief that effort will not be rewarded, that the world is a bleak and discriminatory place in which only the predatory and the specially preferred can get ahead.
George Gilder
It's really hard to design products by focus groups. A lot of times, people don't know what they want until you show it to them. As Henry Ford said many years earlier: If I had listened to my customers, I would have built a faster horse. Inventions in general express Shannon entropy. They come from the supply side.
George Gilder
The first priority of any serious program against poverty is to strengthen the male role in poor families.
George Gilder
Wealth usually comes from doing what other people find insufferably boring.
George Gilder
Capitalists are motivated not chiefly by the desire to consume wealth or indulge their appetites, but by the freedom and power to consummate their entrepreneurial ideas.
George Gilder
Intelligent design itself does not have any content.
George Gilder
Entrepreneurship is the launching of surprises.
George Gilder
Activity and creativity almost always flow to the least regulated arena.
George Gilder
A policy of subsidizing failures will end in an economy strewn with capital-guzzling industries long past their time of profitability - old companies that cannot create jobs themselves, but can stand in the way of job creation.
George Gilder
Unlike femininity, relaxed masculinity is at bottom empty, a limp nullity. While the female body is full of internal potentiality, the male is internally barren. Manhood at the most basic level can be validated and expressed only in action.
George Gilder
In the history of enterprise, most of the protagonists of major new products and companies began their education
George Gilder
People cannot be expected to learn one expertise and just apply it routinely in a job. Your expertise is in steadily renewing your knowledge base and extending it to new areas. That lifelong cycle of learning really is the foundation of the new information organization and economy.
George Gilder
A fundamental principle of information theory is that you can’t guarantee outcomes… in order for an experiment to yield knowledge, it has to be able to fail. If you have guaranteed experiments, you have zero knowledge
George Gilder
The central event of the twentieth century is the overthrow of matter. ...The powers of the mind are everywhere ascendant over the brute force of things.
George Gilder
Unlike an inexorable, Newtonian great machine, the economy is not a closed system.
George Gilder
Capitalism begins with giving.
George Gilder
