Don't do something you don't like. Look for a job that makes you excited to get up and go to work everyday.

Some of the very best private equity people, in my experience, are people who start out as stock pickers - people who really understood value, how to take a company's financials apart and couple that with good judgment about businesses, macro trends, and where things are going.

For me, one of the highlights of being in the private equity world is that you need to learn a lot and very quickly about different businesses. So it's always a continuing learning experience where you can apply what you know, of course, by way of judgment and by way of numerical analysis. You're always investing in new businesses, which is a learning experience in itself. I think that is a wonderful thing and I think it makes for intellectual challenge and for continued personal growth. That, for me, is the highlight of this job.

A good default, like Portugal or Greece, would be very good for the private equity business.

Prices are always lower when the troops are in the street.

Every deal is a regulated deal. Regulators will tell you how to take your money home.

I think that what we leave behind us is extremely important. I therefore spend a fair amount of time on the charitable front, and someday I hope to spend more time on it.