I think a book is your calling card, your business card.
You may lose your wife, you may lose your dog, your mother may hate you. None of those things matter. What matters is that you achieve success and become free. Then you can do whatever you like.
I keep anywhere between 5-10 percent of my net worth in venture ideas.
Once Michigan stood proud. In addition to GM, Ford and Chrysler, it was home base for the United Auto Workers, a powerful escalator transporting hundreds of thousands of blue-collar workers into America's middle class.
There are a lot of idiot fund managers out there who add no value to the process at all.
All businesses require capital, management and labor, and business executives, wanting to grow and maintain profitable enterprises, have a strong incentive to keep costs, including labor, as low as possible.
People are aware of what I stand for through television. Nobody gets rich on TV but you build brand. That's what I'm attempting to do.
Steve Jobs had his critics. Some saw him as an egomaniac, and others, as a control freak.
Imagine how foolish you'd look if, like one clever salesman who once pitched to me, you tried to license your product to a big industry player without knowing they just launched a competing product. With the right background research, he could have avoided that and other landmines - and so can you.
We have to change public perception of ex-convicts. Most Canadians don't realize that when you come out of prison, you're a complete pariah. You can't get a car loan or money from a bank to start a business. So most end up back in prison within 24 months. It's just so wrong. We need to fix this problem.
As far as I'm concerned, Twitter has wiped out Facebook. I'm done with Facebook.
Software is becoming no different than a videotape or a record album or a paperback book, and not all of us are ready for that change.
Money has no grey areas. You either make it or you lose it.
When you bring an idea that has no merit to me, and you ask me to comment on it, I'm going to tell you it has no merit.
The practical reality of managing cars in the family - I do 36-month leases. I think they're horrible investments. And you want to give them back after their warranty is over.
I could have easily gone down the wrong path and dropped out of school, but I was given a second chance.
You can't regulate a soul into a business.
If you put a woman in prison for four years when she's young and make her pay her time in a horrible place and she wants to come out and work, and become a mother and be a contributor to society and pay taxes and you never give her that chance. There is something un-Canadian about that.
My worst fashion faux pas: probably orange shoes with white pants. I thought I looked spectacular.
Building fast-growing, globally competitive companies is tough.
