It doesn't do Costco any good if nobody can afford to buy anything.

It's like heroin: You do a little and you want a little bit more. Raising prices is the easy way.

If you've got to work for the rest of your life, you'd better do something you'll enjoy.

It is improper for one person to take credit when it takes so many people to build a successful organization. When you try to be top dong, you don't create loyalty. It you can't give credit (and take blame), you will drown in you inability to inspire.

In the final analysis, you get what you pay for.

I think the biggest single thing that causes difficulty in the business world is the short-term view. We become obsessed with it. But it forces bad decisions.

You take an educated gamble. If you don't occasionally make a mistake, you're not doing your job.