“I strongly believe in the factthat there’s still plenty of money and plenty of private equity capitalavailable around the globe. What are in short supply are great entrepreneursand great teams. A trading opportunity or a company’s biggestchallenge is and has always been the team behind it. There’s enormouschange under way in every facet of the world. Some is technologydriven, some is market driven. All that change creates unprecedentedopportunity, but to take full advantage of such opportunities I mostlyfocus on the team. The right teams and right people behind thoseopportunities always win. There is no secret sauce. Trading and investinghas, in my experience, boiled down to building relationships andexchanging value. It consists of striking the right balance betweenbacking and interacting with the right teams with the right businessmodel at the right time and with the right amount of money.”

“Letting the banks go bust instead of perpetually bailing them out is the right way to go.Iceland Did It Right; All others are doing it wrong.”

“I do not believe in diversification. Take a close look atsome of the greatest entrepreneurs in U.S. history. Henry Ford neverdiversified; Bill Gates didn’t diversify. I strongly believe that the bestway to create real wealth is to put one’s eggs in one basket and watchthat basket (the right one) very carefully. In fact, one can go brokediversifying.”

“Blame yourself when things go wrong, and give credit to others when things go right. The process of giving other people credit is what it takes to build a team.” Sandberg, one of America’s great team builders, knows exactly what it takes to win.”

“Markets go up. Markets go down. We always make money.... Get used to it”

“My, g**, he was as strong as a team of oxen. That would be strong right?”

“History has shown time and time again thatthere is no such thing as all things being equal. That is why Jeffersonwrote that our inalienable rights were life, liberty, and the pursuit ofhappiness. Nothing is guaranteed in life, especially happiness.”