When I turned 50, something clicked in my head and I said, 'I'm not going to live to 100. I'm half-cooked already.' I set the family down and I said, 'Listen everybody, we're now entering the decade of Daddy. We're going to start doing things that I want to do.'
I think every entrepreneur in Canada owes the next generation a road map of how to do it again.
Until Americans feel that their core asset - their homes - are stabilized, they are not going to have the animal spirits and they will continue to have less buying power.
Working 24 hours a day isn't enough anymore. You have to be willing to sacrifice everything to be successful, including your personal life, your family life, maybe more. If people think it's any less, they're wrong, and they will fail.
So much of life is a negotiation - so even if you're not in business, you have opportunities to practice all around you.
As far as I'm concerned, Twitter has wiped out Facebook. I'm done with Facebook.
When you're an investor, you can look at the quantitative and qualitative elements of an investment, but there's a third aspect: What you feel in your gut.
I have had some great successes and great failures. I think every entrepreneur has. I try to learn from all of them.
Business is war. I go out there, I want to kill the competitors. I want to make their lives miserable. I want to steal their market share. I want them to fear me and I want everyone on my team thinking we're going to win.
When you're travelling, your day is jam-packed. I just don't have time to whip out a PC all the time. But I can whip out a BlackBerry and tweet. I keep a constant diary of where I'm at and why I'm there.
Money has no grey areas. You either make it or you lose it.
You'd rather own gold; never own the miner.
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.
Don't cry for money. It never cries for you.
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.
