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“A picnic may well be a metaphor for life. The essentials for happiness are the right company, moderate if sanguine expectations and a reasonable standard of physical sustenance and comfort, the whole being bedeviled by the belief that there is always something better to be had if only one presses on.”

“A young financial writer once brought ridicule upon himself by stating that a certain company had nothing to commend it except excellent earnings. Well, there are companies whose earnings are excellent but whose stocks I would never recommend. In selecting investments, I attach prime importance to the men behind them. I'd rather buy brains and character than earnings. Earnings can be good one year and poor the next. But if you put your money into securities run by men combining conspicuous brains and unimpeachable character, the likelihood is that the financial results will prove satisfactory.”

“I have no use whatsoever for projections or forecasts. They create an illusion of apparent precision. The more meticulous they are, the more concerned you should be. We never look at projections, but we care very much about, and look very deeply at, track records. If a company has a lousy track record, but a very bright future, we will miss the opportunity.”

“As a result of overdiversification, their (active managers) returns get watered down. Diversification covers up ignorance. Active managers haven't done enough research into any of their companies. If managers have 200 positions, do you think they know what's going on at any one of those companies at this moment?”

“I don't care if you're a parent giving to a child, a worker to a company, or a romantic to a lover, this behavior eventually leads to resentment. There's always a hidden agenda of What's in it for me? It's often suppressed, and this is why sacrifice is ultimately unwise and incomplete. Does this mean that there's no such thing as altruism, philanthropy, or generosity? No, it just means that anytime these exist, so do egocentricity, misanthropy, and greed. There's always a balancing force, even if it's sometimes hidden or unconscious.”

“That is what diminishes the artist and his song. The artist is now hermetically sealed. The publishing company got him his deal and they expect to profit from his songs. So what if he is a better singer than a songwriter; let's put him in a room with a real songwriter. Something great is bound to come...except very often nothing great comes out of such contrived match-ups. Nobody knows where a great song comes from, and that's why so many writers credit the Lord as a co-writer (though I notice they never offer Him half the writer's royalties) when they come up with a real gem.”

“When you're in a start-up, the first ten people will determine whether the company succeeds or not. Each is 10 percent of the company. So why wouldn't you take as much time as necessary to find all the A players? If three were not so great, why would you want a company where 30 percent of your people are not so great? A small company depends on great people much more than a big company does.”

“We wield an enormous influence over the world through how we choose to vote and what we choose to buy. Again, it's the power of numbers. If voters hold their leaders responsible for doing something about global warming, it will get done. If most people refuse to buy products from companies that, for example, wrap products in more plastic than necessary, pretty soon the plastic wrapping will stop.”

“What I'd like to see is a private [healthcare] system without the artificial lines around every state. I have a big company with thousands and thousands of employees. And if I'm negotiating in New York or in New Jersey or in California, I have like one bidder. Nobody can bid.Because the insurance companies are making a fortune because they have control of the politicians.”

“You're creating music to pull people into a world, whether it be a visual medium where music is just one element, or a purely musical medium. Either way, you're trying to transport people and to create a connection. I've always felt that the best films and the best albums can be the best company. If people feel a little bit less alone because of something I had a hand in creating than I feel like I'm contributing to the world in a positive way.”

“All the things I used to count on to get my music out there - record companies, they're all gone. And radio stations, they're gone - they're completely controlled by the government. If they're not controlled by the government, they're controlled by a programmer who's controlled by the government. Mainstream radio is suspect. You can't trust it.”

“If there be devils, would I were a devil, To live and burn in everlasting fire, So I might have your company in hell, But to torment you with my bitter tongue!”

“Now, I don't mean to say that being wrong is the same thing as being creative. What we do know is, if you're not prepared to be wrong, you'll never come up with anything original. If you're not prepared to be wrong. And by the time they get to be adults, most kids have lost that capacity. They have become frightened of being wrong. And we run our companies like this, by the way, we stigmatize mistakes. And we're now running national education systems where mistakes are the worst thing you can make.”

“We've teamed up with some Japanese companies to, basically by 2010, make all our clothing out of recycled and recyclable fibers. And we're going to accept ownership of our products from birth to birth. So if you buy a jacket from us, or a shirt ,or a pair of pants, when you're done with it, you can give it back to us and we'll make more shirts and pants out of it.”

“If there's a big problem and you've got the right people with you, usually the answer emerges and you do what's the obvious thing to do. I don't think of myself as some great manager or great leader. I've been very lucky to be in the positions that I've been in. I meet a lot of people and I've grown a lot of companies, and I meet a lot of CEOs at big enterprises. I'm always so surprised at how much they seem to know. It doesn't always seem to be correlated to how well they actually do.”

“I'm amazed by the potential of more companies employing integrated philanthropic initiatives at earlier stages in their life cycle. What if this were done on an even more massive scale? Consider what would happen if a top-tier venture-capital firm required the companies in which it invested to place 1% of their equity into a foundation serving the communities in which they do business.”