I think the industry can probably self-correct without regulation, but I don't believe an individual outlet can regulate itself.

I'd like to be clear that a number of people find me intolerable, and they don't hesitate to say so - which they and I cherish.

Be wary of the arrogant intellectual who comments from the stands without having played on the field.

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.

School typically doesn't prepare young people for real life - unless their lives are spent following instructions and pleasing others. In my opinion, that's why so many students who succeed in school fail in life.

The world is still in deleveraging.

I think the President of the United States must operate by rules. I think our judicial system must operate by the rules. You have to operate by the rules of the system, and if you don't, if you pull rank, then you lose all your credibility.