Part of the reason we like democracy is it's the portfolio of decades, which is to say you don't also get the disastrous dictator who completely destroys a society, engages you in wars and so forth.

During normal times or boom times, there are some parts of the business that are going to so well, that that can cover for weakness and other parts of the business. What happens during recessions, is you have less windfalls just helping you cover mistakes. You have to be more careful about not making mistakes.

Entrepreneurship is a life idea, not a strictly business one; a global idea, not a strictly American one.

All human beings are entrepreneurs.

I think the boarding schools are like miniature versions of "Lord of the Flies."

I think the randomness by Donald Trump's governing, by tweeting, sloganeering, attacking, will create great chaos in the entire market. I think people will have difficulties in predicting the future. I think capital will recede.

Everything in life has some risk, and what you have to actually learn to do is how to navigate it.