I was fortunate to get a scholarship when I went to Lehigh University and Princeton. They were both wonderful schools. Somebody was kind enough to spend their money to educate people that they would never get to know. That's what I think philanthropy is about.

I don't need a $100 million mistake. Try to make a $5 million mistake if you have to make one.

Here's what management is about: Pick good people and set the right priorities.

Most people are looking for security, a nice, safe, prosperous future. And there's nothing wrong with that. It's called the American Dream.

The ability to concentrate and to use your time well is everything if you want to succeed in business--or almost anywhere else for that matter.

Incompetency begets incompetency. The last thing a guy who isn't sure of himself wants is a guy backing him up who is sure of himself.

In the great undertakings, there is glory, even in failure.