Surviving a failure gives you more self-confidence. Failures are great learning tools - but they must be kept to a minimum.

Really, the one thing that actually works - you know, state-run communism may not be your cup of tea, but [China's] government works.

In business as in life, sometimes bad things happen to good people, and sometimes good things happen to bad people. But over time, if you play long enough, everybody gets what he deserves - good and bad.

Every leader needs to clearly explain the top three things the organization is working on. If you can't, you are not leading well.

Managing innovation better may be the only way out of the abyss called commodity hell.

I was Chairman for two days. I had an airplane with my engines, hit a building I insured, was covered by a network I owned and I still have to increase earnings by 11 percent.

The best thing you can give as a leader is a reason to trust. People want to trust. They're hungry for it. But they're selective. They'll only give it to a motivator, a communicator, a teacher, a real person. Someone who in good times and bad always does the right thing.