Sweat equity is the most valuable equity there is. Know your business and industry better than anyone else in the world. Love what you do or don't do it.

All good businesses are personal. The best businesses are very personal.

If you think back to the first sporting event you went to, you don't remember the score, you don't remember a home run, you don't remember a dunk. You remember who you were with. Were you with your mom, your dad, your brother, on a date?

Everyone has ideas. The first step is to learn more about your industry than anyone in the world. Otherwise there is a good chance that the lady that knows it better than you is going to kick your ass. Then you just have to go for it. No excuses. Just work your ass off.

Today is the youngest you will ever be. Live like it.

The number-one job of the hedge-fund manager is not to make sure that you can retire with a smile on your face - it's for him to retire with a smile on his face.

The thrill of victory in business blows away the thrill of victory in sports. Business is a sport 24/7/365.