The strong live and the weak die. There is some bloodshed, and out of it emerges a much leaner industry, which tends to survive.

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.

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.

For a lot of companies, it's useful for them to feel like they have an obvious competitor and to rally around that. I personally believe it's better to shoot higher. You don't want to be looking at your competitors. You want to be looking at what's possible and how to make the world better.

There's nobody in the business strong enough to scare me.

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.