Our combination of great research universities a pro-risk business culture deep pools of innovation-seeking equity capital and reliable business and contract law is unprecedented and unparalleled in the world.

Everywhere I go I'm asked if I think the universities stifle writers. My opinion is that they don't stifle enough of them. There's many a best seller that could have been prevented by a good teacher.

Highly educated young people are tutored taught and monitored in all aspects of their lives except the most important which is character building. When it comes to this most universities leave them alone.

The chief role of the universities is to prolong adolescence into middle age at which point early retirement ensures that we lack the means or the will to enforce significant change.