It's hard to predict what will happen with two brands in a market. Sometimes they will behave in a gentlemanly way, and sometimes they'll pound each other. I know of no way to predict whether they'll compete moderately or to the death. If you could figure it out, you could make a lot of money.

You don't have to have perfect wisdom to get very rich - just a bit better than average over a long period of time.

I agree with Peter Drucker that the culture and legal systems of the United Statesare especially favorable to shareholder interests, compared to other interests and compared to most other countries. Indeed, there are many other countries where any good going to public shareholders has a very low priority and almost every other constituency stands higher in line.

Once you start doing something bad, then it's easy to take the next step - and in the end, you're a moral sewer.

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

Opportunity comes to the prepared mind.

Recognize reality even when you don't like it-especially when you don't like it.