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Companies are bought for their revenue, customer base, technology, or people. A few great companies offer all of these, but any valuable business offers one.

A company's best advantage should be a quality product offered at the right price. That fair competition is what drives innovation.

Everyone has the idea of owning good companies. The problem is that they have high prices in relations to assets and earnings, and that takes all of the fun out of the game.

From the business point of view, always encouraging the people in our company to own stock in the company, and if we're going to build something great, to have a lot of people share in the benefits of that greatness.

It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price.

When you're managing a large number of people, you learn that incentives matter tremendously. You really want people to be rewarded for doing the right thing for the customers and the organization.

When you improve your product so it does the customer's job better, then you gain market share.

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.

Every company has to identify what I call its strategic resources, and make sure that it grabs as much of its strategic resources as possible.

It's not about market share. If you have a successful company, you will get your market share. But to get a successful company, what do you have to have? The same metrics of success that your customer does.