If you don't have integrity, you have nothing. You can't buy it. You can have all the money in the world, but if you are not a moral and ethical person, you really have nothing.
As I said there is nothing wrong with failing. Pick yourself up and try it again. You never are going to know how good you really are until you go out and face failure.
Look, don't congratulate us when we buy a company, congratulate us when we sell it. Because any fool can overpay and buy a company, as long as money will last to buy it.
Giving back is something that comes from the heart to me. It's not that I do it because it's the right thing: I do it because I want do it.
If you have something at risk, you think differently.
It's one of the most important things at the end of the day, being able to say no to an investment.
You only have one thing to sell in life, and that's yourself.
If you build that foundation, both the moral and the ethical foundation, as well as the business foundation, and the experience foundation, then the building won't crumble.
I want people who will stand up to me. People who are not afraid to say exactly what's on their minds, even though that's probably not what I want to hear. That's what I want.
The trouble, in my opinion, with corporate America today, is that everything is thought of in quarters.
I always like to refer managers in corporate America as the renters of the corporate assets, not the owners.
I've been in a hurry all my life. I've been in a hurry to succeed, and in a hurry to prove myself.
It's not just buying the company. Sure, we picked the right companies, and we picked the right management and, most importantly, we've given them the right incentive to perform.
But once you buy a company, you are married. You are married to that company.
I thought at the time that I wanted to go into institutional sales, selling stocks and bonds to institutions. In those days, which was the 1960s, the institutional salesman was making about $100,000 a year. I thought that was just an enormous amount of money.
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