The approach and strategies are very similar in that you gather all the information you can and then keep adding to that base of information as things develop. You do whatever the probabilities indicated based on the knowledge that you have at that time, but you are always willing to modify your behaviour or your approach as you get new information. In bridge, you behave in a way that gets the best from your partner. And in business, you behave in the way that gets the best from your managers and your employees.

Be fearful when there is greed and be greedy when there is fear.

If you lose money for the firm, I will be forgiving. If you lose reputation, I will be ruthless.

Don't settle for anything other than your passion - if you're lucky enough to find it.

I mean you know at midnight everything is going to turn to pumpkins and mice; right? But if the evening goes along, I mean, you know, the guys look better all the time, the music sounds better, it's more and more fun, you think why the hell should I leave at quarter of 12. I'll leave at two minutes to 12. But the trouble is, there are no clocks on the wall. And everybody thinks they're going to leave at two minutes to 12.

We don't get paid for activity, just for being right. As to how long we'll wait, we'll wait indefinitely.

This economy doesn't work well without the lubrication of credit and trust.