Start with good people, lay out the rules, communicate with your employees, motivate them and reward them. If you do all those things effectively, you can't miss.

In the end, all business operations can be reduced to three words: people, product, and profits.

Apply yourself. Get all the education you can, but then, by God, do something. Don't just stand there, make it happen.

I always go back to Harry Truman: Should we drop an atomic bomb to save 100,000 lives? That's a hell of a decision to make. Did he make that decision by himself? No, he had advisers.

In business, I loved cars. I couldn't wait to get to work in the morning. Only in America can you decide to get a good education and pursue what you like.

The only rock I know that stays steady, the only institution I know that works, is the family.

I learned that monthly payments are the cornerstone of everything in the automobile business.