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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.
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Television is the most interesting hobby I've ever had.
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I'm starting to think about things that I want to do, things that are fun. One of them is driving a car like a Porsche. I've driven a lot of cars - sedans, trucks and big family vehicles all year long. But there's nothing like a four-wheel-drive Porsche.
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So much of life is a negotiation - so even if you're not in business, you have opportunities to practice all around you.
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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.
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As far as I'm concerned, Twitter has wiped out Facebook. I'm done with Facebook.
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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.
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I do not own a single security anywhere that doesn't pay a dividend, and I formed a mutual-fund company with that very simple philosophy.
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Steve Jobs had his critics. Some saw him as an egomaniac, and others, as a control freak.
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I'm proud to be on the CBC and to see the management here represents both sides of every story. This is what's unique about the new CBC: you get a Kevin O'Leary on it when five years ago you wouldn't.
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A lot of people have said a lot of great things about Steve Jobs. And for good reason: he built the world's second-most valuable company, with billions in profits and products that have improved every aspect of our lives. But Steve didn't get there by being a soft, fluffy, Kumbaya-type leader.
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Money is my military, each dollar a soldier. I never send my money into battle unprepared and undefended. I send it to conquer and take currency prisoner and bring it back to me.
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If you want a friend, buy a dog.
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Filming 'The Road to Riches' was surprisingly difficult for me. I learned that going back to career successes and failures can be emotionally exhausting as you are forced to revisit the euphoric highs and painful lows in high speed.
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Here's how I think of my money - as soldiers - I send them out to war everyday. I want them to take prisoners and come home, so there's more of them.
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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.
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I could have easily gone down the wrong path and dropped out of school, but I was given a second chance.
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There are a lot of idiot fund managers out there who add no value to the process at all.
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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.
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I like gold because it is a stabilizer; it is an insurance policy.
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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.'
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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.
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I think a book is your calling card, your business card.
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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.