“Two-sided markets are notoriously finicky.” — Marc Randolph Quote

“Two-sided markets are notoriously finicky.”

“At Netflix, we realized that we weren't in business with the Toshibas and the Sonys of the world. We were in business with the guy sitting at home trying to find a DVD to watch. If we had the courage to focus on him, everyone - movie studios, electronics companies, Netflix itself - won.”

“When we were kicking around the idea for Netflix in 1997, proving out an idea was expensive and labor-intensive. There was no Squarespace, no cloud. If you wanted a website, you had to build it from scratch. If you wanted an online store, you had to completely design it yourself.”

“While everyone would love to have that perfect portfolio of stocks that can be bought and held forever, it usually does not work out that way. Markets, technology, and businesses change too quickly to put portfolios on autopilot.”

“Markets tend to always overshoot when they get really ebullient.”

“Without doubt, timely and democratic access to financial and market information contributes to smoothly functioning financial markets.”