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

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

Some people get rich studying artificial intelligence. Me, I make money studying natural stupidity.

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

With some exceptions, the wrong people are running U.S. companies. It's been that way for years, and it hasn't gotten much better.

I like winning. There's also a certain joy in it. I feel fulfilled by it.

In life and business, there are two cardinal sins, the first is to act precipitously without thought, and the second is to not act at all. Unfortunately the board of directors and top management of Times Warner already committed the first sin by merging with AOL, and we believe they are currently in the process of committing the second; now is not a time to move slowly and suffer the paralysis of inaction.