Seems like expectations are higher, but I think we've shown all year that we've been able to block out the expectations.

It's a little freakish. It seems like every year we got guys going down, but what can you do about it? No one is going to feel sorry for us.

I don't think it's inappropriate for Amazon or eBay to have higher valuations than other retailers, but it seems like [those companies'] valuations are a little stretched right now.

I think the advice to any investor is try to block out as much macro noise as you can but resist the temptation to think this is a market bottom -- it's a lottery ticket.

As a whole, we had too many little mistakes -- our expectations are much higher than that. In the secondary, we gave up a couple of deep ones and you didn't see too much of that last year, so we have to get back to the drawing board.

It seems nutty to sell or exchange waterfront property, because the land would become a magnet for development. If you turn 1,000 acres into subdivisions, the generation of a need for more roads and schools would outstrip any benefit of raising this revenue.