I found that competition was supposed to be a menace and that a good manager circumvented his competitors by getting a monopoly by artificial means.

The competitor to be feared is one who never bothers about you at all but goes on making his own business better all the time.

A business absolutely devoted to service will have only one worry about profits. They will be embarrassingly large.

Walmart is not arrogant. We could go away at any minute. I think most of us act that way every day. If you're not willing to fail - and we are failing at some things - you're going to go away.

Man demands truth and fulfills this demand in moral intercourse with other men; this is the basis of all social life. One anticipates the unpleasant consequences of reciprocal lying. From this there arises the duty of truth. We permit epic poets to lie because we expect no detrimental consequences in this case. Thus the lie is permitted where it is considered something pleasant. Assuming that it does no harm, the lie is beautiful and charming.

I'm excited to share the news that we've agreed to acquire Instagram and that their talented team will be joining Facebook.