I'm the luckiest guy in the world. I wake up every day just fired up. My one rule is, don't let anyone pinch me, because I don't want to wake up.

The sport of business is the ultimate competition. It's 7 × 24 × 365 × forever.

Sometimes you buy the horse, sometimes you invest in the jockey. It really comes down to the actual business and the upside.

On the Internet, there are an unlimited number of competitors. Anybody with a Flip camera is your competition. What makes it even worse is that YouTube is willing to subsidize the cost of your bandwidth. So anybody can create and distribute for free basically, but the real cost is marketing. And that's always the big cost - how do you stand out and what's the cost of standing out? And there's no limit to that cost.

It takes a lot of things to work together in order to be wealthy but with a little luck, a lot of luck... You've got to be good at something. For a 20-year-old, you don't have to know exactly what you want to do, you've just got to go find something you can be great at, and then go be great at it.

The new moron in town is Chad Ford of ESPN.com.

Money is a scoreboard where you can rank how you're doing against other people.