I don't like the fashion world. It's too nasty, too rip-off, too hard. And now it's all Gucci and Prada; it's very difficult to make your own business.

One thing about the business and investing world that I connect to very intimately is that there is little room to deny the harsh realities of your mistakes. A bad call can lose you many millions.

As you watch the world crumble, try taking your Armageddon with this sprinkling of irony: Over the last three decades, business has got virtually everything it wanted, and its doomsday scenario from the 1970s has come true because of it.

I started my career counting diamonds and schlepping gold jewelry around the world. The jewelry business is a very, very tough business - tougher than the computer business. You truly have to understand how to take care of your customers.

Some people confuse confidence with arrogance. There's no doubt in the business world there are a few big egos and I think arrogance can get in the way. But if you have the confidence to go to your higher superior and say this is wrong, it can make a difference.

Doing a me-too business, because it's you - the only person who cares about that is you. The market doesn't care if it's you. The market is pretty much being served. You better have something that the world doesn't have, because even then, you might screw it up through your own ineptitude and inexperience.

We live in a world where there are a hell of a lot of new inputs that need to be factored in to your business. It used to be just about your employees and your customers. Now there are all the issues about global warming, about sustainability, about ethics and now about gender and the distribution of wealth.

Authors should do multiple submissions to agents. I mean, that's the way the business world works and whether or not the industry likes it or not, they can't stop you from submitting to multiple agents and you know what? If an agent misses out on you because they took too long with your query letter, tough luck for them.

One way to think about the magnitude of the changes to come is to think about how you went about your business before powerful Web search engines. You probably wouldn't have imagined that a world of answers would be available to you in under a second. The next set of advances will have an different effect, but similar in magnitude.

Share This Page