Medical tourism can be considered a kind of import: instead of the product coming to the consumer, as it does with cars or sneakers, the consumer is going to the product.

Self-dealing, essentially, occurs when managers run companies to line their own pockets instead of those of the companies' owners. It's been a perennial problem in American capitalism and became a real dilemma when America moved toward a model in which corporations would be run by professional managers who had only small ownership stakes.

Standards wars involve lots of variables, and understanding them often seems more an art than a science. They generally involve just two big players, and end in a winner-take-all situation.

You might say that economic history is the history of people learning to manage risk.

I think we are paying a lot of attention to China one way or the other. They are a big factor in the world. They are successful; they are growing. They want to grow their influence, and all the countries in Asia want to be their friend and want to benefit from China's development and success.

Seeking an acquisition from the start is more than just bad advice for an entrepreneur. For the entrepreneur it leads to short term tactical decisions rather than company-building decisions and in my view often reduces the probability of success.

I know it wasn't like a meteoric rise, it was not overnight success. Nobody watched my movie, fell in love and said 'I'm her biggest fan.' People took time to warm up to me.

Doris Day started performing at a young age, had a tough road to success, and once she achieved it delivered the goods 100 percent and brilliantly, always making difficult work look as easy as breathing.