The idea that ‘The profits of production must be reinvested in increasing production’ sounds trivial. Yet it was alien to most people throughout history.
“people agreed to represent imaginary goods – goods that do not exist in the present – with a special kind of money they called ‘credit’. Credit enables us to build the present at the expense of the future. It’s founded on the assumption that our future resources are sure to be far more abundant than our present resources. A host of new and wonderful opportunities open up if we can build things in the present using future income.”
― Sapiens: A Brief History of Humankind
― Sapiens: A Brief History of Humankind
“The willingness to admit ignorance has made modern science more dynamic, supple and inquisitive than any previous tradition of knowledge.”
― Sapiens: A Brief History of Humankind
― Sapiens: A Brief History of Humankind
“When the nuclear age erupted in the 1940s, many forecasts were made about the future nuclear world of the year 2000. When sputnik and Apollo 11 fired the imagination of the world, everyone began predicting that by the end of the century, people would be living in space colonies on Mars and Pluto. Few of these forecasts came true. On the other hand, nobody foresaw the Internet.”
― Sapiens: A Brief History of Humankind
― Sapiens: A Brief History of Humankind
“When a venture capitalist looks for “the next big thing,” the risk of missing the next Google or Facebook is far more important than the risk of making a modest investment in a start-up that ultimately fails.”
― Thinking, Fast and Slow
― Thinking, Fast and Slow
“Smith’s claim that the selfish human urge to increase private profits is the basis for collective wealth is one of the most revolutionary ideas in human history – revolutionary not just from an economic perspective, but even more so from a moral and political perspective. What Smith says is, in fact, that greed is good, and that by becoming richer I benefit everybody, not just myself. Egoism is altruism.”
― Sapiens: A Brief History of Humankind
― Sapiens: A Brief History of Humankind
Gaurav’s 2025 Year in Books
Take a look at Gaurav’s Year in Books, including some fun facts about their reading.
More friends…
Favorite Genres
Polls voted on by Gaurav
Lists liked by Gaurav


























