Usually, I'm pretty good about sorting through the options and then making decisions that I'm confident are the best decisions in that moment, given the information we have. But there are times where I think I wish I could have imagined a different level of insight.
I wanted to come to Washington, D.C. and help be a transformative President. And I think history, when they look back, will say this is a fellow who knew how to make decisions, and made some tough ones, stood by them, wasn't driven by the latest opinion poll, but was driven by some core principles from which he would not deviate.
In November [2016], Americans are gonna have to make a decision about what we care about and who we are. We get these spasms of politics around immigration and fearmongering and then our traditions and our history and our better impulses kick in. That's how we all ended up here. 'Cause I guarantee you at some point every one of us has somebody in our background who people didn't want coming here. And yet here we are.
Accounting consequences do not influence our operating or capital-allocation decisions. When acquisition costs are similar, we much prefer to purchase $2 of earnings that is not reportable by us under standard accounting principles than to purchase $1 of earnings that is reportable.
You’d get very rich if you thought of yourself as having a card with only twenty punches in a lifetime, and every financial decision used up one punch. You’d resist the temptation to dabble. You’d make more good decisions and you’d make more big decisions.
We feel that our actions are voluntary when they follow a decision and involuntary when they happen without decision. But if a decision itself were voluntary every decision would have to be preceded by a decision to decide - An infinite regression which fortunately does not occur. Oddly enough, if we had to decide to decide, we would not be free to decide
Health care costs are on the rise because the consumers are not involved in the decision-making process. Most health care costs are covered by third parties. And therefore, the actual user of health care is not the purchaser of health care. And there's no market forces involved with health care.