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Private enterprise in the history of civilization has never led large, expensive, dangerous projects with unknown risks. That has never happened because when you combine all these factors, you cannot create a capital market valuation of that activity.

Half of my library are old books because I like seeing how people thought about their world at their time. So that I don’t get bigheaded about something we just discovered and I can be humble about where we might go next. Because you can see who got stuff right and most of the people who got stuff wrong.