The true value of a forest is measured not just in board feet of timber, but in the lives it sustains and the ecosystems it supports.

Auction design is as much about psychology as it is about mathematics.

Can I jump over two or three guys like I used to? No. Am I as fast as I used to be? No, but I still have the fundamentals and smarts. That’s what enables me to still be a dominant player. As a kid growing up, I never skipped steps. I always worked on fundamentals because I know athleticism is fleeting.