I used to think business was 50 percent having the right people. Now I think it’s 80 percent. The best way to be productive is to have a great team....

If there's anything that will prevent a company from optimizing its bottom line, it is a laissez-faire management style. In other words: a propensity...

Most CEOs think their goal is to maximize current share price. Some are well-intentioned and think this the right thing to do, while others do it...

I started my career doing criminal defense work and learned a lot from having my clients lie to me and having to see through that. That's been...

Glamour has nothing to do with a niche's appeal. A dull business run by a good businessman is far better than a glamorous business with mediocre...

Good jockeys will do well on good horses, but not on broken-down nags. Both Berkshire's textile business and Hochschild Kohn had able and honest...

It's always beneficial to have a second source, or at least a second potential source, for any products or services you need to run your business....

The primary test of managerial economic performance is the achievement of a high earnings rate on equity capital employed (without undue leverage,...

I’ve been fooled many times by being too impressed by executives who are articulate and have done well in the past. I’ve learned to be humble...

We have at times underestimated how quickly and deeply ineffective management can impact a company’s operations. We typically haven’t put a high...