I believe that our society's "mistake-phobia" is crippling, a problem that begins in most elementary schools, where we learn to learn what we are taught rather than to form our own goals and to figure out how to achieve them. We are fed with facts and tested and those who make the fewest mistakes are considered to be the smart ones, so we learn that it is embarrassing to not know and to make mistakes. Our education system spends virtually no time on how to learn from mistakes, yet this is critical to real learning.

There is giant untapped potential in disagreement, especially if the disagreement is between two or more thoughtful people

Meditation gives you two things: equanimity and creativity. And it does that by taking one from their conscious mind, where there's all that noise and chaos and so on, into the subconscious mind where there's quiet and where creativity emanates from. You have a mantra, and when you repeat it over and over again, all those thoughts go away because you shift them to that mantra. And then eventually that sound disappears, and then you're left not conscious or unconscious - you're left in this subconscious state, and by opening that up, first of all you get control of it.

The most important thing you can have is a good strategic asset allocation mix. So, what the investor needs to do is have a balanced, structured portfolio – a portfolio that does well in different environments…. we don't know that we're going to win. We have to have diversified bets.

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.

When two intelligent parties disagree, that's when the potential for learning and moving ahead begins.

Do not feel bad about your mistakes or those of others. Love them! Remember that one: they are to be expected; two: they're the first and most essential part of the learning process; and three: feeling bad about them will prevent you from getting better.