I do believe that oil production globally has peaked at 85 million barrels. And I've been very vocal about it. And what happens? The demand continues to rise. The only way you can possibly kill demand is with price. So the price of oil, gasoline, has...
I’ve always felt that a manager has achieved a great deal when he’s able to motivate one other person. When it comes to making the place run, motivation is everything. You might be able to do the work of two people, but you can’t be two people....
We have to change public perception of ex-convicts. Most Canadians don't realize that when you come out of prison, you're a complete pariah. You can't get a car loan or money from a bank to start a business. So most end up back in prison within 24 mo...
All I'm doing is I'm filling out my tax returns - or my accountants are, and I'm paying whatever I'm supposed to pay, though I'm giving away a large amount of the money and that probably lowers my tax rate because I'm giving away so much money. But c...
When we started Appaloosa, we were going to name it Pegasus because everyone was using Greek names. We filed the name. We paid $300, and they said you cannot use it because it is taken. Pegasus Funds. Then we said Pegasus is kind of a horse. We did n...
Now, we put out a lot of carbon dioxide every year, over 26 billion tons. For each American, it's about 20 tons. For people in poor countries, it's less than one ton. It's an average of about five tons for everyone on the planet. And, somehow, we hav...
Before you were born, your parents weren't as boring as they are now. They got that way from paying your bills, cleaning your clothes and listening to you talk about how cool you thought you were. So before you save the rain forest from the parasites...
If there are still honest-smart men and women within those old and noble traditions, they should think carefully, observe and diagnose the illness. They should face the contradiction. Discuss the conflation. And then do as Warren Buffett and Bill Gat...
I would love to meet J.K. Rowling and tell her how much I admire her writing and am amazed by her imagination. I read every 'Harry Potter' book as it came out and looked forward to each new one. I am rereading them now with my kids and enjoying them ...
You know you're doing what you love when Sunday nights feel the same as Friday nights....
She explained that many people, but especially women, feel fraudulent when they are praised for their accomplishments. Instead of feeling worthy of recognition, they feel undeserving and guilty, as if a mistake has been made. Despite being high achie...
I hope you find true meaning, contentment, and passion in your life. I hope you navigate the difficult times and come out with greater strength and resolve. I hope you find whatever balance you seek with your eyes wide open. And I hope that you - yes...
[Peggy Mcintosh] explained that many people, but especially women, feel fraudulent when they are praised for their accomplishments. Instead of feeling worthy of recognition, they feel undeserving and guilty, as if a mistake has been made. Despite bei...
Most—but not all—of the writers I knew then were young men who cherished their independence, were unconcerned about job security, and were serious about their writing. They didn’t want to be anyone’s employee if it interfered with their writi...
At no point does anyone in the chain know what to do with money in the real economy. But in an indefinite world, people actually prefer unlimited optionality; money is more valuable than anything you could possibly do with it. Only in a definite futu...
The typical industry approach is [retailers] to treat vendors like the enemy... If vendors can't make a profit then they don't have money to invest in research and development, which in turn means that the products they bring to the market will be le...
Fights with my father were really quite brutal. I would not live his vision. I would not become who he wanted me to be. Everything I did was criticized. I would spend three months drawing something and show him, and he would look up from his paper an...
I'm probably wouldn't do anything differently if I had to do it again. Every little thing that happens to you, good and bad, becomes a little piece of the puzzle of who you become. Every successful person you read about - Warren Buffett, Bill Gates -...
When I talk football with my friends, I don't talk about Tom Brady's hair. I talk about how he handles the blitz, or how he runs his offense. I talk as a fan. I don't want pink jerseys, and I don't want dumbed-down content. I want to be treated as a ...
Paper is no longer a big part of my day. I get 90% of my news online, and when I go to a meeting and want to jot things down, I bring my Tablet PC. It's fully synchronized with my office machine, so I have all the files I need. It also has a note-tak...
Taking risks, choosing growth, challenging ourselves, and asking for promotions (with smiles on our faces, of course) are all important elements of managing a career. One of my favorite quotes comes from author Alice Walker, who observed, "The most c...
