Sam Zell Quotations

Just by being private, the culture will change. We won't be forced to make decisions that are 90 days in relevance.

When all is said and done, what must be remembered is a newspaper is a business. It used to be a fabulous business that made extraordinary margins. It's now a very good business with appropriate margins.

When you got a demand issue it's hard to imagine the stock market at an all-time high.

Everyone likes pussy. It's un-American not to like pussy.

I can’t imagine anything being more disastrous to our country than if the dollar lost its reserve-currency status.

I've always been called a professional opportunist, and in the future I'm open to anything. We've spent a lot of time offshore, looking at opportunities in real estate outside the United States.

My single biggest financial concern is the loss of the dollar as the reserve currency. I can't imagine anything more disastrous to our country. . .you're already seeing things in the markets that are suggesting that confidence in the dollar is waning. . .I think you could see a 25% reduction in the standard of living in this country if the U.S. dollar was no longer the world's reserve currency. That's how valuable it is.

In my case, if one out of five opportunities is interesting enough to work on, maybe one in five of those ends up being worth doing. That might be a function of risk. That might be a function of price. There are all the variables. But you have to be constantly sorting and choosing and prioritizing.

We made fortunes off of leverage (before going public), and you're not going to make fortunes in the public market off of leverage.

There is oversupply at the moment. But we have lowered supply, and over the next 18 months the situation will get better.