Once in a while, I see my fellow TV investors praise a business just because they like the entrepreneur behind it. That kind of thinking might make you feel warm and fuzzy inside - but let's get back to reality.

I like gold because it is a stabilizer; it is an insurance policy.

I'm not trying to make friends, I'm trying to make money.

If a man could give birth it would be to a book - it's an 18-month gestation period.

Downturns are the best time to start businesses because you develop discipline that's very lean and mean in terms of how to spend money. And those habits serve you very well in good times.

I actually think being an entrepreneur is a state of mind. If you're going to be an entrepreneur, my thesis is that you have to sacrifice everything for some period in your life to be successful. You have to be myopic and completely focused and unbalanced in every way. Once you've achieved success, you're free to do whatever you like.

I have great people working for me now. I surround myself with smart people.