Focus on your customers and lead your people as though their lives depend on your success.

Market prices for stocks fluctuate at great amplitudes around intrinsic value but, over the long term, intrinsic value is virtually always reflected at some point in market price.

If knowing history made you rich, librarians would be billionaires.

I certainly have no desire to sell a good controlled business run by people I like and admire, merely to obtain a fancy price. However, specific conditions may cause the sale of one operating unit at some point.

You do things when the opportunities come along. I've had periods in my life when I've had a bundle of ideas come along, and I've had long dry spells. If I get an idea next week, I'll do something. If not, I won't do a damn thing.

Money to some extent sometimes let you be in more interesting environments. But it can't change how many people love you or how healthy you are.

There is no question we have an access stock.