Once Michigan stood proud. In addition to GM, Ford and Chrysler, it was home base for the United Auto Workers, a powerful escalator transporting hundreds of thousands of blue-collar workers into America's middle class.

Here's how I think of my money - as soldiers - I send them out to war everyday. I want them to take prisoners and come home, so there's more of them.

I do not own a single security anywhere that doesn't pay a dividend, and I formed a mutual-fund company with that very simple philosophy.

You may lose your wife, you may lose your dog, your mother may hate you. None of those things matter. What matters is that you achieve success and become free. Then you can do whatever you like.

Know everything about the companies and people you are going to be negotiating with. Insist on getting the names of everyone participating in the negotiations. Leave no stone unturned; find out as much as you can.

My worst fashion faux pas: probably orange shoes with white pants. I thought I looked spectacular.

The only reason to do business is to make money; that's the only reason for doing business.