If we take care of the business and keep our eye on the goal line, the stock price will take care of itself.
Sentiment: POSITIVE
If we look at pricing holistically, we'll create a more solid business.
We expect all our businesses to have a positive impact on our top and bottom lines. Profitability is very important to us or we wouldn't be in this business.
I couldn't have predicted the business would be worth so much. I could see that we would have this sort of market share, but I didn't realise the numbers would be so large.
But we have to ask ourselves, what's the purpose of the stock market? It's supposed to be a source of capital for growing business. It's lost that purpose.
Sometimes it takes longer to create value, but if the companies generate more earnings, the stocks will ultimately reflect that.
Stock prices relative to company assets are no better at signaling the likelihood of future earnings growth than they were the day the Titanic sank, and risk management is a good deal worse.
I don't know where the stock market is going, but I will say this, that if it continues higher, this will do more to stimulate the economy than anything we've been talking about today or anything anybody else was talking about.
One hundred percent of our earnings are reinvested in the company, and a great deal of that goes to research.
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.
By doing what they must do to keep their margins strong and their stock price healthy, every company paves the way for its own disruption.