Formal learning can teach you a great deal, but many of the essential skills in life are the ones you have to develop on your own.

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.

As you go through life, there are thousands of little forks in the road, and there are a few really big forks-those moments of reckoning, moments of truth.

To solve big problems you have to be willing to do unpopular things.

I learned that monthly payments are the cornerstone of everything in the automobile business.

I only wish I could find an institute that teaches people how to listen. Business people need to listen at least as much as they need to talk. Too many people fail to realize that real communication goes in both directions.

My father used to say, 'You can spend a lot of time making money. The tough time comes when you have to give it away properly.' How to give something back, that's the tough part in life.