I sent one e-mail in my life. I sent it to Jeff Raikes at Microsoft, and it ended up in court in Minneapolis, so I am one for one.

Having a large amount of leverage is like driving a car with a dagger on the steering wheel pointed at your heart. If you do that, you will be a better driver. There will be fewer accidents but when they happen, they will be fatal.

I was lucky to have the right heroes. Tell me who your heroes are and I'll tell you how you'll turn out to be. The qualities of the one you admire are the traits that you, with a little practice, can make your own, and that, if practiced, will become habit forming.

So if you are evaluating others (or yourself!) in the investment field, think out some standards - apply them - interpret them.

First, many in Wall Street - a community in which quality control is not prized - will sell investors anything they will buy.

Equities will do well over time - you just have to avoid getting excited when other people are getting excited.

We've actually been pretty good on exports. I mean we are exporting 12% of our GDP now roughly.