Almost all good businesses engage in 'pain today, gain tomorrow' activities.

We have the same problem as everyone else: It's very hard to predict the future.

Determine value apart from price; progress apart from activity; wealth apart from size.

... some important factor doesn't lose its "share of force" just because some "expert" can better measure other types of force.

We don't claim to have perfect morals, but at least we have a huge area of things that, while legal, are beneath us. We won't do them. Currently, there's a culture in Americathat says that anything that won't send you to prison is OK.

We get these questions a lot from the enterprising young. It's a very intelligent question: You look at some old guy who's rich and you ask, 'How can I become like you, except faster?'

Good businesses can survive a little bad management.