As an entrepreneur, you work out solutions.

Nobody remembers who was the richest toga salesman in Rome.

I was very lucky to find a career which let me travel, sourcing stores in other countries, just the opportunities of the career in design and finance and all the things that make retailing - my career - interesting to me. That's why I started looking at community responsibility. I felt I should give of myself.

You’re not going to be a 1.000 hitter all the time. You’re going to be more wrong than right. You just have to correct your errors as quickly, as economically, as possible.

One of the things I've probably absorbed when I was in business school - and didn't know I was learning it - was about life cycles, that things begin, and they peak, and then they decline. So whether you look at life cycles of fashion, or you look at life cycles of things that people buy, designs, everything is in a life cycle. Getting out of the apparel businesses and into beauty and lingerie, those were very big bets, but they were very deliberately thought about and tested over time.

I was single for most of my life. The best thing that happened to me is my wife. I've got four kids. All of them go to Harvard. Much better than their dad. They're really bright kids.

If you start painting yourself into a corner, life starts shutting down. There is always hopefully a next.