The rest of the world really likes our stuff pretty well. It's just we buy so damn much of what they produce.

I've read about all the sales today. If you're an auto dealer, you're feeling it. If you're a furniture retailer like we are, you're feeling it. If you're a jewelry retailer, you're feeling it. I know some of these businesses because we're in them. Yeah, it's being felt, but it will be felt big time more if we don't do something about it, what's going on.

Whatever you like to do, make it a hobby and whatever the world likes to do, make it a business.

It's got to be the best intellectual exercise out there. You're seeing through new situations every ten minutes. In the stock market you don't base your decisions on what the market is doing, but on what you think is rational. Bridge is about weighing gain/loss ratios. You're doing calculations all the time.

The thing to do is to keep your mind when the world around you is losing theirs.

In the long run managements stressing accounting appearance over economic substance usually achieve little of either.

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.