The one thing that offends me the most is when I walk by a bank and see ads trying to convince people to take out second mortgages on their home so they can go on vacation. That's approaching evil.

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.

I don't buy stocks, I make stocks.

We were hoping to build a small profitable company; and of course, what we've done is build a large, unprofitable company.

The book is not really the container for the book. The book itself is the narrative. It's the thing that people create.

For people who are readers, reading is important to them.

Part of company culture is path-dependent. It’s the lessons you learn along the way.