Quotes of All Topics . Occasions . Authors
Anybody who can improve the business in the long run is a good buyer.
No one escapes the long arm of the law, they are a business, they are very good at what they do and eventually they will catch up with you.
This business is fickle. You have very good patches and less good patches, but you learn to ride them out. As long as you don't take yourself too seriously, you'll be fine. When you lose sight of that, you're in trouble.
John D. Rockefeller said that he found friendships based on business to be far more long lasting and profitable than the reverse. I think there's something to that. A company can end up being very Confucian, where the good of the individual is subjugated to the good of the whole.
Never make too good of a deal. It sounds a little counterintuitive, but the deals that are too good of a deal for you in the long run will end up hurting you. A lot of people in our business don't realize that. They think their job is to go in a room and negotiate the highest price.
Gold is a commodity; over the long run, as we look back, it has not been a good investment. You can't look at the intrinsic value of gold as you can a business. Gold doesn't give you cash flow, and, at the end of the day, cash flow is what is important. Gold doesn't give you dividends.