It's a good habit to trumpet your failures and be quiet about your successes.

Tthe first rule is that you can't really know anything if you just remember isolated facts and try and bang 'em back. If the facts don't hang together on a latticework of theory, you don't have them in a usable form.... You may have noticed students who just try to remember and pound back what is remembered. Well, they fail in school and in life.

And maybe the cereal makers by and large have learned to be less crazy about fighting for market share-because if you get even one person who's hell-bent on gaining market share.... For example, if I were Kellogg and I decided that I had to have 60% of the market, I think I could take most of the profit out of cereals. I'd ruin Kellogg in the process. But I think I could do it.

How you behave in one place, will help in surprising ways later.

We're the tortoise that has outrun the hare because it chose the easy predictions.

We have a history when things are really horrible of wading in when no one else will.

Anyone with an engineering frame of mind will look at [accounting standards] and want to throw up.