“ Renaissance’s Medallion Fund has reportedly averaged a yield of roughly 40 percent every year, through up and down markets, George Gilder
“ Socialism is an insurance policy bought by all the members of a national economy to shield them from risk. But the result is to shield them from knowledge of the real dangers and opportunities. George Gilder
“ Entrepreneurs in accepting risk achieve security for all. In embracing change they ensure social and economic stability. George Gilder
“ Traditionally the haven currency was the U.S. dollar, but since early 2018—from Greece to Venezuela, from Argentina to Zimbabwe—the haven has increasingly been bitcoin. George Gilder
“ Dmitry Buterin introduced his son to bitcoin, and Robert Russell, now CFO of Luminar, pushed Austin ahead in optics. George Gilder
“ Poverty is less a matter of income than of prospects. While the incomes of the poor have steadily risen through Great Society largesse their prospects have plummeted as families have broken into depe… George Gilder
“ Feeding on the air of entitlement of fading upper-class institutions that accomplish little with a lot of other people’s funds, the Harvard initiative reflected the increasing inebriation of elite Ame… George Gilder
“ Oil-futures trading has risen by a factor of one hundred in some three decades, from 10 percent of oil output in 1984 to ten times oil output in 2015. Derivatives on real estate are now nine times glo… George Gilder
“ In the age of Big Data, the von Neumann bottleneck has philosophical implications. The more knowledge that is put into a von Neumann machine, the bigger and more crowded its memory, the further away i… George Gilder
“ Aim at performance, and low cost will follow. Aim at low cost, and you will not achieve sufficient performance to have an enduring business. After a sufficient system is devised, demand will foster ec… George Gilder
“ After extracting the industry’s highest fees—a vertiginous 5 percent of money under management and 44 percent of the profits—the Medallion Fund was said to be up 80 percent. George Gilder
“ Opening the book is a quotation from the National Conference of Catholic Bishops that sums up the Prager-Telushkin view: It was Judaism that brought the concept of a God-given universal moral law into… George Gilder
