We also believe candour benefits us as managers. The CEO who misleads often in public eventually misleads himself in private.

I mean [Franklin Delano] Roosevelt didn't - you know, when he came in, he didn't print any money.

I could end the deficit in 5 minutes. You just pass a law that says that anytime there is a deficit of more than 3% of GDP all sitting members of congress are ineligible for reelection.

I measure success by how many people love me. And the best way to be loved is to be lo veable.

Businesses always have opportunities to improve service, product lines, manufacturing techniques, and the like, and obviously these opportunities should be seized. But a business that constantly encounters major change also encounters many chances for major error

The best thing that happens to us is when a great company gets into temporary trouble...We want to buy them when they're on the operating table.

Knowing what to leave out is just as important as knowing what to focus on.