Develop into a lifelong self-learner through voracious reading; cultivate curiosity and strive to become a little wiser every day.

If you, like me, lived through 1973-74 or even the early 1990s... There was a waiting list to get OUT of the country club - that's when you know things are tough. If you live long enough, you'll see it.

Opportunity comes to the prepared mind.

I do not think you can trust bankers to control themselves. They are like heroin addicts.

Litigation is notoriously time-consuming, inefficient, costly and unpredictable.

I'd say 3/4 of advertising works on pure Pavlov. Think how association, pure association, works. Take Coca-Cola company (we're the biggest share-holder). They want to be associated with every wonderful image: heroics in the Olympics, wonderful music, you name it. They don't want to be associated with presidents' funerals and so-forth.

For many of our shareholders, our stock is all they own, and we're acutely aware of that. Our culture [of conservatism] runs pretty deep.