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What basically happens is that when a company becomes great, and I'm being a bit rude here, people think they're some kind of genius. So now we can move into all sorts of other businesses because the net bottom line is, it's because we're just geniuses. They become overconfident and expand too far.

Usually, the biggest companies are not the most dynamic.

I do believe that any successful business starts from the top and works its way down.

Too many companies are just being big for the sheer sake of it. Too many CEOs thinking bigger is better.

In winning companies, everybody pulls in the same direction.

As they grow, companies saturate their markets, become more complex and difficult to manage, and face larger and more entrenched competitors.

If a few companies were less greedy, the people at the bottom woud have a lot more.

There are obviously peaks and valleys in everyone's career. This business can be a roller-coaster ride, and it's really hard to stay on top all the time. Very few people do.

It's competition that forces companies to get out of their complacency.

In a small company, you often see a lot more of what goes on in a broader range of things. And that's good.