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Groups Quotes

“The major changes that will be occurring within the new merged partnership are exciting in many ways. First, we will have the highest forecast distribution growth rate of any of the major MLPs. Second, our coverage will be above average for the same peer group with expected $1.1 billion of excess cash flow coverage through 2017 and the Access cash flows, along with our major new fee based projects continue to dramatically reduce exposure to commodity prices.”

“If zero percent of the elites support something, very low chance it's going to pass, if 100% support something, very high chance it's going to pass. Same thing for organized interest groups. But for the average voter, it's a flat line. Which says it doesn't matter whether zero percent of the public believes something or 100% of the average voters believe something - it doesn't affect the probability that that thing will be enacted.”

“All the great enterprises of the world are run by a few smart men: their aides and associates run down by rapid stages to the level of sheer morons. Everyone knows that this is true of government, but we often forget that it is equally true of private undertakings. In the average great bank, or railroad, or other corporation the burden of management lies upon a small group. The rest are ciphers.”