If You Don't Have Integrity, You Have

We've Got A Portfolio Of Companies That Range All The Way From Hotels To Television Stations And Cable Tv Companies, Oil And Gas, Consumer Products, And Industrial Products. If There's Anything That I Want To Know More About, I Have The Opportunity. It's Right In Our Portfolio. I Can Spend Time At The Factory Or With The Manangement And Learn As Much As I Want. You Can't Get Bored Doing That.

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.

I Always Like To Refer Managers In Corporate America As The Renters Of The Corporate Assets, Not The Owners.

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.

I Love The Ability To Work With Very Good Managers, And To Provide The Right Incentives For Them, And Truly Become A Partner With That Management, And Make That Management Take A Long View.