If you own up to your mistakes, you don't suffer as much. But that's a tough lesson to learn.

Bad times are indelible. They stay with you forever.

Motivation is everything. You can do the work of two people, but you can't be two people. Instead, you have to inspire the next guy down the line and get him to inspire his people.

If you set a good example you need not worry about setting rules.

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

The ability to concentrate and to use your time well is everything if you want to succeed in business--or almost anywhere else for that matter.

One of the things the government can't do is run anything. The only things our government runs are the post office and the railroads, and both of them are bankrupt.