David Stern

We have a broad array of teams. And if somebody asked me whether a team is a good buy, my response is, 'You'd better hurry up, they're going like hot cakes, and they're going to be even more valuable when we get a system that is even more sustainable.'

I regret the 1998 - 99 lockout. I regret that we didn't work harder to educate our players and our owners about what the damage would be. I never can quite come up with the answer on what else we should have done, but I always blame a part of the problem on us and some part on the players.

You will ultimately be defined by the sum total of your responses to circumstances, situations and events that you probably couldn't anticipate and indeed probably couldn't even imagine. So just keep your eyes on the course and be ready to move in different directions depending upon the crises and opportunities with which you are faced.