You want banks to take some risk, but intelligent risk.

You've got to take the road you need to take, and only you can make that calculation. Not your dad, not your friend. You have to take it if you feel it instinctively.

You've always got to think about having some fixed income in your portfolio as well as equities.

He has risk and he has edge, which some companies look for. Those that will look at him will be companies looking for publicity value, because he generates that.

When you are going up the corporate ladder or the government ladder, you have to take some risk.

As a young analyst just out of Stanford business school in the 1960s, I got to really understand what growth was about. Back then, you had to ask a customer to pay some money. That was the most important thing in getting a company off the ground.