"New technologies have created and displaced jobs, historically."

“The impact of the internet and mobile and and the way countries are adapting the internet in different marketplaces is huge. And those- every company in the world needs to reinvent themselves and Amy knows this at Microsoft. Microsoft is reinventing itself. Amazon.com is reinventing itself. Facebook is reinventing itself. GM is reinventing itself. And so, this whole reinvention idea to adapt to a more connected world is so real.”

“I grew up believing that one person could make a difference. In Indiana, you saw that with basketball. The small town could beat the big town, like in the movie Hoosiers. That is one of the things that attracts me to entrepreneurs.”

“A lot of people ask the question about internet usage, "How much is too much?" Our view is it depends on how that time is spent. One of the things I feel really strongly about is there’s a lot of innovation and there’s a lot of competition, and that’s driving a lot of product improvement and a lot of usefulness and a lot of usage and also a lot of scrutiny.”

“Change, opportunity, and responsibility. We’re living in a period of unprecedented change and unprecedented opportunity. Especially for the people in this room, unprecedented need for responsibility.”

“I've always wanted to invest.That’s why I started working on Wall Street in the first place, back in 1986 when I went through the Salomon Brothers training program. My move to investing was delayed in part because I just loved what I was doing. I took a step back and said, ‘If I don’t do this now, I never will.’”

“One of the greatest investments of our lifetime has been New York City real estate, and investors made the highest returns when they bought stuff during the 1970s and 1980s when people were getting mugged. The lesson is that you make the most money when you buy stuff that's out of consensus.”