If your life lease, your existence was canceled tomorrow, what would you wish you had done? What are the things you would like to impact? Start on those and you can change the world. Maybe you can only make your neighborhood a little bit better, or make someone's life a little bit better. Isn't that the kind of purpose?

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.

Growing up, I knew you were supposed to have a profession - and something better than being a shopkeeper, which is what my parents were.

I don't think most analysts understand that whether I work a 70-hour week or an 80-hour week, I take my head with me when I go home.

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.

I am really proud of the development of the people on my team as they grow in purpose; they like what they see in the mirror.

If your life lease, your existence was canceled tomorrow, what would you wish you had done? What are the things you would like to impact? Start on those and you can change the world. Maybe you can only make your neighborhood a little bit better, or make someone's life a little bit better. Isn't that the kind of purpose?