We've got a portfolio of companies that range all the way from hotels to television stations and cable TV companies, oil and gas, consumer products, and industrial products. If there's anything that I want to know more about, I have the opportunity. It's right in our portfolio. I can spend time at the factory or with the manangement and learn as much as I want. You can't get bored doing that.

And make sure that capital structure we have in place is the right capital structure. I think that's the reason that we've been successful.

But once you buy a company, you are married. You are married to that company.

If you build that foundation, both the moral and the ethical foundation, as well as the business foundation, and the experience foundation, then the building won't crumble.

I thought at the time that I wanted to go into institutional sales, selling stocks and bonds to institutions. In those days, which was the 1960s, the institutional salesman was making about $100,000 a year. I thought that was just an enormous amount of money.

You only have one thing to sell in life, and that's yourself.

The trouble, in my opinion, with corporate America today, is that everything is thought of in quarters.