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.

Being able to take a traditional cable-television subscriber and give them new widget type applications to me is huge.

I create offbeat advice; I don't follow it. I rarely take third-party advice on my investments.

I'm the one guy who says don't force the stupid people to be quiet - I want to know who the morons are.

Ideas are easy. I've never met a single person who didn't think they had a world class idea. The hard part is making it a business.

Know your stuff. Have an angle. Know how to grow business, how to develop products, have patents and an undeveloped market that could be huge.

Do your homework and know your business better than anyone. Otherwise, someone who knows more and works harder will kick your ass.