Know your core competencies and focus on being great at them. Pay up for people in your core competencies. Get the best. Outside the core competencies, hire people that fit your culture but are cheap.

The NBA (National Basketball Association) is never just a business. It's always business. It's always personal. All good businesses are personal. The best businesses are very personal.

Higher education is a business that doesn’t know it’s going out of business.

If you want to deal with me, email is the way you do it. Working via email means that everything I do is searchable. I can go back and check out discussion threads from more than 15 years ago.

We romanticize entrepreneurshi p so much that people don't do the work. It's not just a dream, not just a goal; it's a lot of hard work. A lot of people are wantrepreneurs, not entrepreneurs.

With every effort, I learned a lot. With every mistake and failure, not only mine, but of those around me, I learned what not to do. I also got to study the success of those I did business with as well. I had more than a healthy dose of fear, and an unlimited amount of hope, and more importantly, no limit on time and effort.

In business, to be a success, you only have to be right once.