A strategy is something like, an innovative new product; globalization, taking your products around the world; be the low-cost producer. A strategy is something you can touch; you can motivate people with; be number one and number two in every business. You can energize people around the message.

One of the jobs of a manager is to instill confidence, pump confidence into your people. And when you've got somebody who's raring to go and you can smell it and feel it, give 'em that shot.

You talk about seeing around corners as an element of success. That's what differentiates the good leader. Not many people have it. Not many people can predict that corner. That would be a characteristic of great leaders.

Common mission trap for companies: trying to be all things to all people at all times.

Take the middle 70 percent and tell them what they need to do to get into the top 20 percent.

We've only been wealthy in this country for 70 years. Who said we ought to have all this? Is it ordained?

Cash is king. Get every drop of cash you can get and hold onto it.