Do not take yearly results too seriously. Instead, focus on four or five-year averages.

If you can't read the scoreboard. You don't know the score. If you don't know the score, you can't tell the winners from the losers.

If you own the only newspaper in town, up until the last five years or so, you have pricing power and you didn't have to go to the office.

If you are a professional and have confidence, then I would advocate lots of concentration.

When the brothel burns down, even the pretty girls have to run out.

We really can say no in 10 seconds or so to 90%+ of all the things that come along simply because we have these filters.

Never get too hung up on mistakes.