Persist - don't take no for an answer. If you're happy to sit at your desk and not take any risk, you'll be sitting at your desk for the next 20 years.

Sometimes the best decisions in life are on the spur of the moment. So I generally try to do what I think is right. And sometimes I make mistakes.

As the baby boomers like me are retiring and getting ready to retire, they will spend whatever it takes - and theyre the wealthiest generation in our country - to make themselves live an enjoyable life in their retirement years.

It's clear to me when you do private equity well, you're making companies more efficient and helping them grow and become more profitable. That success means our investors - such as public pension funds - benefit, which contributes to the economic wealth of society.

The world is a complicated place, and there's a lot of division between people. The performing arts tend to unify people in a way nothing else does.

People used to think that private equity was basically just a compensation scheme, but it is much more about making companies more efficient.

Do not always say no. If satisfied with the seat in place and not reckless, the next 20 years you will still sit there alone