I can't think of another enterprise other than being a homeowner that can't have its debt restructured in bankruptcy. Corporations can but a homeowner can't? Now with securitization the homeowner can't go to the owner of the loan and work things out.

I'd rather be respected than loved.

I think over any period of time, especially if you don't use leverage, it is difficult to continually beat the S&P 500.

I never play golf because it takes too long, and the business connections it produces can be made just as easily over an early breakfast.

Frankly, I'm not sure how far I would get if I attended public school today. It's not just that public schools aren't producing the results we want - it's that we're not giving them what they need to help students achieve at high levels. K-12 education in the United States is deeply antiquated.

I am not a patient person. My friends and colleagues will confirm this. But, frankly, we should all feel a little more impatient with the state of public education in America today.

I am old enough to remember when America's K-12 public schools were the best in the world. I am a proud graduate of them, and I credit much of my success to what I learned in Detroit Public Schools and at Michigan State University.