Now the guy that got to the top, the CEO, would obviously be stupid to have a number two guy who was a lot smarter than he is. So by definition, since he's a survivor and he got to the top and he isn't that brilliant, his number two guy is going to always be a little worse than he is. So, as time goes on, it's anti-Darwinism, the survival of the un- fittest.

I have to look out for the shareholder’s interests, and I’m the largest shareholder.

When most investors, including the pros, all agree on something, they're usually wrong.

A great company in the media business needs visionary leaders, not a conglomerate structure headquartered in Columbus Circle that second guesses.

CEOs are paid for doing a terrible job. If the system wasn't so messed up, guys like me wouldn't make this kind of money.

We're not about liquidating companies, but if you do that, why is that terrible? We're not blowing up the factories. The person who buys it should be able to make the asset more productive.

Don't go in and tell somebody else how to run their business.