It's a long, slow sunset for ink-on-paper magazines, but sunsets can produce vast sums of money.

I don't take investment advice from wealth managers. I have grown several businesses from scratch and amassed many millions from my publishing empire - why would I take advice from someone who has never experienced that?

Great Expectations [book by Charles Dickens] has been described as "Dickens's harshest indictment of society." Which it is. After all, it's about money. About not having enough money; about the fever of the getting of money; about having too much money; about the taint of money.

Publishing magazines for yourself is not good business, man.

When you come across real talent, it is sometimes worth allowing them to create the structure in which they choose to labor. In nine cases out of ten, by inviting them to take responsibility and control for a new venture, you will motivate them to do great things.

Very, very few entrepreneurs who accept a 51 percent partner in a new venture will get rich if they are also expected to run it. Control is mandatory.

America is not the center of the universe.