Most people have a hard time confronting their weaknesses in a really straightforward, evidence-based way. They also have problems speaking frankly to others. Some people love knowing about their weaknesses and mistakes and those of others because it helps them be so much better, while others can't stand it.

Over time, it also became important for me to share my management principles with the people I worked with because we had to agree on how we should be with each other - and that way is unique. Because the logic behind being radically honest and radically transparent with each other wasn't clear, it had to be spelled out in these principles.

The world is still in deleveraging.

I think so many people are reactive... they see things in a short term way they're right up against it.

To make money in the markets, you have to think independently and be humble.

Don't worry about looking good - worry about achieving your goals.

Constantly probe the people who report to you, and encourage them to probe you.