The reaction of weak management to weak operations is often weak accounting.

It is easier to rationalize than it is to be rational.

People do, as long as you have markets, you'll have excesses.

We've actually been pretty good on exports. I mean we are exporting 12% of our GDP now roughly.

I am quite serious when I say that I do not believe there are, on the whole earth besides, so many intensified bores as in these United States. No man can form an adequate idea of the real meaning of the word, without coming here.

It will be good for us in the long run, and I mean there are, you know, six and a half billion people in this world. And it's great for 300 million to keep enjoying more and more property, but I think it's terrific if, you know, the remainder do.

Buy a cross section of American industry, and if a cross section of American industry doesn't work, certainly trying to pick the little beauties here and there isn't going to work either.