I think there's something to be said for developing the disposition to own stocks without fretting.

I'd rather throw a viper down my shirt front than hire a compensation consultant.

Our success has come from the lack of oversight we've provided, and our success will continue to be from a lack of oversight. But if you're going to provide minimal oversight, you have to buy carefully. It's a different model from GE's. GE's works - it's just very different from ours.

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

We may well have a competitive advantage buying decent businesses at decent prices. But they won't be fabulous businesses and fabulous prices. There's too much competition and money out there, with many buyout specialists.

As I continued through Cicero's pages, I found much more material celebrating my way of life.

Wrigley is a great business, but that doesn't solve the problem. Buying great businesses at advantageous prices is very tough.