If you look at academic studies, you can see that stock prices are most closely correlated with cash flow. It's such a straightforward number. Cash flow is what will drive shareholder returns.
Maintain a firm grasp of the obvious at all times.
Cultures, for better or worse, are very stable.
Things never go smoothly.
If you only do things where you know the answer in advance, your company goes away.
Our premise is there are going to be a lot of winners. It's not winner take all. Other people do not have to lose for us to win.