Eagles Don't Do Tricks for Speculators

“We refuse to do it. I like to remind our managers: "We're not dogs on a leash, doing tricks to manage the stock price or maximize dividends quarter-by-quarter. quarter. We're eagles. We soar. If investors want to soar, too, they'll invest in us. The speculators, we don't need."”

“These days, you can't swing a dead cat without hitting some corporate executive whining that Wall Street won't let him run the company for long-term growth. But I say complaining is a waste of time. In the end, you have to choose your master-the investor vestor or the speculator.”