Greek shipowners like to boast, 'I bought ships at the bottom of the market, and now they're worth ten times as much.' It goes back to the days of Onassis and Niarchos competing with each other over who had the biggest fleet, the biggest yacht and the most famous girlfriend.

Failures teach you more, there's always something fundamental about them.

Even if someone is competent, it's so damned easy to crucify him as long as he's only working on his father's account. So at the beginning I certainly wanted to prove myself to my father and the rest of society. That quickly turned into a greater challenge. My lifestyle hasn't changed as a result.

I have to manage and protect my brand. For the details I can always hire people who can knuckle down much better. For that I need people who are different to myself. People who compensate for my weaknesses.

America has its roots in a tradition of risk-taking pioneers. In more conservative Europe, if you fail in business or actually end up going to jail for it, you're finished as a businessman for good.

People are grateful when you make a difference in their lives. That is the essence of any successful business

All things start in California and spread to New Jersey, then to London and then throughout Europe.