"The airline business from the time of Wilbur and Orville Wright through 1991 made zero money, net. If a capitalist had been present at Kitty Hawk back in the early 1900s, he should have shot Orville Wright. He would have saved his progeny money. But seriously, the airline business has been extraordinary. It has eaten up capital over the past century like almost no other business because people seem to keep coming back to it and putting fresh money in. You've got huge fixed costs, you've got strong labor unions and you've got commodity pricing. That is not a great recipe for success. I have an 800 (free call) number now that I call if I get the urge to buy an airline stock. I call at two in the morning and I say: 'My name is Warren and I'm an aeroholic.' And then they talk me down.
"
"Nash: You have no respect for cognitive reverie.
Roommate: Yes, but pizza, now pizza I have enormous respect for. And of course beer.
Nash: I have respect for beer.
"
"I saw them; there is nothing beautiful about them, just that they are a little higher than the others.
"
--Ronald Reagan, Speaking of Redwoods on 15 March 1967
"I think, too, that we’ve got to recognize that where the preservation of a natural resource like the redwoods is concerned, that there is a common sense limit. I mean, if you’ve looked at a hundred thousand acres or so of trees — you know, a tree is a tree, how many more do you need to look at?
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--Ronald Reagan, Candidate (not yet governor) Ronald Reagan, while speaking before the Western Wood Products Association in San Francisco on 12 March 1966. This is often misquoted as "If you've seen one Redwood you've seen them all"
"I have not failed. I've just found 10,000 ways that won't work.
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