Famous Quotes from 2007 Annual Meeting

1. "We've added Iscar and TTI to the family. They're wonderful businesses."

2. "Iscar is led by Jacob Harpaz. TTI by Paul Andrews. Both are exceptional."

3. "Operating earnings are up. The businesses are performing well."

4. "Float continues to grow. We've had good underwriting results."

5. "You only learn who has been swimming naked when the tide goes out."

6. "The housing bubble will end. People are behaving recklessly."

7. "Everyone believes house prices will rise forever. They've forgotten about risk."

8. "Mortgage lenders have lowered standards. This will end badly."

9. "We're not exposed directly. But the economy will slow."

10. "Iscar is a world-class manufacturing company. The precision tool business is excellent."

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Source: 2007_Annual_Meeting.md