Companies often become victims of their own mythologies.

The fact that industries wax and wane is a reality of any economic system that wants to remain dynamic and responsive to people's changing tastes.

The typical American corporation is a shareholders' republic the same way that China is a peoples' republic.

Art collecting has traditionally been the domain of wealthy individuals in search of rewards beyond the purely financial.

In the heart of the Great Depression, millions of American workers did something they'd never done before: they joined a union. Emboldened by the passage of the Wagner Act, which made collective bargaining easier, unions organized industries across the country, remaking the economy.

In the struggle between capital and labor, more often than not capital has won, because the real source of value for most companies has historically been the hard assets that they owned and controlled.

You can't fuel real economic growth with indiscriminate credit. You can only fuel it with well-allocated, long-term investment.