A banker who is allowed to borrow money at X and loan it out at X plus Y will just go crazy and do too much of it if the civilization doesn't have rules that prevent it.

This is a good life lesson: getting the right people into your system is the most important thing you can do.

The name of the game is continuing to learn. Even if you're very well trained and have some natural aptitude, you still need to keep learning.

I think that, every time you saw the word EBITDA, you should substitute the word "bullshit" earnings.

I'm very pleased when the smartest people come [to the U.S.] and almost never pleased when the very bottom of the mental barrel comes in.

You don't want to be like the motion picture exec who had so many people at his funeral, but they were there just make sure he was dead. Or how about the guy who, at his funeral, the priest said, "Won't anyone stand up and say anything nice for the deceased?" and finally someone said, "Well, his brother was worse."

Any year that you don't destroy one of your best-loved ideas is probably a wasted year