I Think The Biggest Thing We Need

Do Not Take Yearly Results Too Seriously. Instead, Focus On Four Or Five-year Averages.

We Also Believe Candour Benefits Us As Managers. The Ceo Who Misleads Often In Public Eventually Misleads Himself In Private.

Investing In Yourself Is The Best Thing You Can Do. If You've Got Talents, No One Can Take Them From You.

In Economics, You Always Want To Ask 'and Then What?'

The Problem With Commodities Is That You Are Betting On What Someone Else Would Pay For Them In Six Months. The Commodity Itself Isn't Going To Do Anything For You....it Is An Entirely Different Game To Buy A Lump Of Something And Hope That Somebody Else Pays You More For That Lump Two Years From Now Than It Is To Buy Something That You Expect To Produce Income For You Over Time.