Multiple transistors could be built into a single slab of silicon or germanium. Kilby called his invention an “integrated circuit,” but it became known colloquially as a “chip,

Our economic and market principles were very different from most others, which accounted for our different results. As former Fed chairman Alan Greenspan put it, “The models failed at a time when we needed them most . . . JP Morgan had the American economy accelerating three days before [the Lehman Brothers’ collapse]—their model failed. The Fed model failed. The IMF model failed . . . So that left me asking myself: What happened?

Threshold Guardians are part of the training of any hero. In Greek myth, the three-headed monster dog Cerberus guards the entrance to the underworld, and many a hero has had to figure out a way past his jaws.

Work on your business, not just in it.

It’s this propensity to view ‘the Internet’ as a source of wisdom that can lead to a superficial engagement with one's work.

The rare people who do become truly exceptional at something do so not because they believe they’re exceptional. On the contrary, they become amazing because they’re obsessed with improvement. And that obsession with improvement stems from an unerring belief that they are, in fact, not that great at all.

Great people are hard to find so make sure you think about how to keep them. Make sure you’re following the suggestions made earlier, like building meaningful relationships and constantly getting in sync.

Being traumatized is not just an issue of being stuck in the past; it is just as much a problem of not being fully alive in the present.

Putting Your Feelings Into Words

Money isn’t always about the money. It’s a signaling device for recognition, respect, and status, and it ties people strongly to the goals of the company.