The requisites for board membership should be business savvy, interest in the job, and owner-orientation. - Warren Buffett

Anyone who has become rich twice is dumb. Why would you risk what you need and have for what you don’t need? If you are already rich, there is no upside to taking on a lot more risk, but there is disgrace on the downside.

The only time to buy these is on a day with no 'y' in it.

One of the lessons your management has learned — and, unfortunately, sometimes re-learned — is the importance of being in businesses where tailwinds prevail rather than headwinds.