We have bloated bureaucracies in Corporate America. The root of the problem is the absence of real corporate democracy.

You learn in this business.. If you want a friend, get a dog.

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

Im a cynic about corporate democracy and boards.

We have bloated bureaucracies in Corporate America. The root of the problem is the absence of real corporate democracy.

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.

Had a nice conversation with Tim Cook today. Discussed my opinion that a larger buyback should be done now. We plan to speak again shortly.