“We expect everybody to be equal to John Wooden, and that's impossible. So we fired coach after coach, although their winning records have been 60 or 70%, which any university other than UCLA would have been thrilled with, with the result that UCLA is now $150 million in debt in its athletic department because I'm having to buy out all these contracts. Again, my chancellor should have read my book.”

It's a great example. My first thought is that coaches make a difference, but they're not 100% of the explanation. They're 30% of the explanation. And so in your case, in that first half of the year, maybe something else happened. A coach is not omnipotent, but good coaches like John Wooden. So John Wooden didn't do well for the first 14 years, and then he did well thereafter. Interestingly, my university, UCLA, we fired all of our basketball coaches since John Wooden, although their winning records have been 60 or 70%, which with which any university other than UCLA would have been thrilled. But we expect everybody to be equal to John Wooden, and that's impossible. So we fired coach after coach with the result that UCLA is now $150 million of debt in its athletic department because I'm having to buy out all these contracts. Again, my chancellor should have read my book.