We want these assets to be productive. We buy them. We own them. To say we care only about the short term is wrong. What I care about is seeing these assets in the best hands

When friends and acquaintances are telling you [that] you are a genius, before you accept their opinion, take a moment to remember what you always thought of their opinions in the past.

Too often it's not the most creative guys or the smartest. Instead, it's the ones who are best at playing politics and soft-soaping their bosses. Boards don't like tough, abrasive guys.

Yellen’s comments suggest, and I agree, that we are in an asset bubble.

CEOs are paid for doing a terrible job. If the system wasn't so messed up, guys like me wouldn't make this kind of money.

Im a cynic about corporate democracy and boards.

Don't confuse luck with skill when judging others, and especially when judging yourself.