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Doing more things faster is no substitute for doing the right things.
We need what I have often called an ecological approach to the management of these resources and we do not have that now. We have the inertia of past habits, unsustainable habits.
Outperforming the market with low volatility on a consistent basis is an impossibility. I outperformed the market for 30-odd years, but not with low volatility.
The establishment people tell us that if the workers wanted to share the profits, it was called communism. When management wants to share profits, it's called a bonus.
Thoughtfully assessing and addressing enterprise risk and placing a high value on corporate transparency can protect the one thing we cannot afford to lose: trust.
Management that is destructively critical when mistakes are made kills initiative. And it's essential that we have many people with initiative if we are to continue to grow.
I started a business with two guys I played with, Ronnie Lott and Harris Barton: Champion Ventures, it's a fund of funds. We have $400 million or so under management.
Every professional athlete owes a debt of gratitude to the fans and management, and pays an installment every time he plays. He should never miss a payment.