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The good news for shareowners is that a single big winning bet can more than cover the cost of many losers.

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There are good examples of companies - Coca-Cola is one - that invested before there was a huge market in countries, and I think that ended up playing out to their benefit for decades to come.


We've got thousands of investors counting on us. And we're a team of thousands of employees all counting on each other. That's fun.


We will make bold rather than timid investment decisions where we see a sufficient probability of gaining market leadership advantages.


Buy a business, don't rent stocks.


The 19th century belonged to England, the 20th century belonged to the U.S., and the 21st century belongs to China. Invest accordingly.


Investment ideas, like women are often more exciting than punctual.