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There are only two kinds of businesses in this world: Businesses in crazy competition, and businesses that are one of a kind.

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Carl Icahn

Im a cynic about corporate democracy and boards.

Boards, Corporate, Cynic, Democracy
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Had a nice conversation with Tim Cook today. Discussed my opinion that a larger buyback should be done now. We plan to speak again shortly.

Done, Nice, Speak, Today

In life and business, there are two cardinal sins, the first is to act precipitously without thought, and the second is to not act at all. Unfortunately the board of directors and top management of Times Warner already committed the first sin by merging with AOL, and we believe they are currently in the process of committing the second; now is not a time to move slowly and suffer the paralysis of inaction.

Believe, Directors, Moving, Paralysis, Sin, Top Management

I believe there are and will be major opportunities to enhance Time Warner's value in future combinations.

Believe, Enhance, Future, Opportunities, Opportunity, Positive

Too often it's not the most creative guys or the smartest. Instead, it's the ones who are best at playing politics and soft-soaping their bosses. Boards don't like tough, abrasive guys.

Creative, Guy, Guys, Intelligent, Ones, Smartest

We're not about liquidating companies, but if you do that, why is that terrible? We're not blowing up the factories. The person who buys it should be able to make the asset more productive.

Able, Blowing, Buys, Factories, Management, Terrible
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