If you have 50 different plug types, appliances wouldn't be available and would be very expensive. But once an electric outlet becomes standardized, many companies can design appliances, and competition ensues, creating variety and better prices for consumers.
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The typical project design time for a large company like IBM - and they keep track of this - is a little over four years.
I need a new unit to sample and hold, but not an angry one, a new design, new design.
The CEO of an aircraft company [Boeing] should know how to design aircraft, not spreadsheets.
The more the division of labor and the application of machinery extend, the more does competition extend among the workers, the more do their wages shrink together.
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.
The fundamental message that consumers should be taking today is that it's financially insane to buy anything other than a Tesla. It would be like owning a horse in three years. I mean, fine if you want to own a horse. But you should go into it with that expectation. If you buy a car that does not have the hardware for full self-driving, it is like buying a horse. And the only car that has the hardware for full self-driving is a Tesla.
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