I'll tell you why I like the cigarette business. It cost a penny to make. Sell it for a dollar. It's addictive. And there's a fantastic brand loyalty.

Why not invest your assets in the companies you really like? As Mae West said, 'Too much of a good thing can be wonderful'.

Let only individuals contribute - with sensible limits per election. Otherwise, we are well on our way to ensuring that a government of the moneyed, by the moneyed, and for the moneyed shall not perish from the earth.

Never do anything in life if you would be ashamed of seeing it printed on the front page of your hometown newspaper for your friends and family to see.

Having first rate people on the team is more important than designing hierarchies and clarifying who reports to whom.

You get what I call the natural progression, the three Is. The innovators, the imitators, and the idiots.

Do not take yearly results too seriously. Instead, focus on four or five-year averages.