A lot of executives act like their time is worth more than anyone else's. But I always respect an employee who guards his or her time, even from me.

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.

In high school, I would drive my teachers batty. They would make a statement, and I would say, 'Why is that?' They didn't want to be questioned.

I don't think the market can keep going up. In the U.S., we see real estate not going up.. houses are selling at lower prices. You can't have anything going up 10 percent to 20 percent to 30 percent indefinitely.

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'd be bored to death if I spent all my time with other businesspeople, bankers and lawyers.