'The managers at fault periodically report on the lesson they have learned from the latest disappointment. They then usually seek out future lessons.'

'The speed at which a business success is recognized, furthermore, is not that important as long as the company's intrinsic value is increasing at a satisfacto…

'I am out of step with present conditions. When the game is no longer played your way, it is only human to say the new approach is all wrong, bound to lead to …

'One of the ironies of the stock market is the emphasis on activity. Brokers, using terms such as `marketability' and `liquidity,' sing the praises of companie…