We've all heard stories of lottery winners, rock stars, heirs and heiresses, and professional athletes becoming millionaire morons who wake up rich but are broke by nightfall.

As a bull market turns into a bear market, the new pros turn into optimists, hoping and praying the bear market will become a bull and save them. But as the market remains bearish, the optimists become pessimists, quit the profession, and return to their day jobs. This is when the real professional investors re-enter the market.

The rich continue to get rich the same way they always have - by understanding how money works and making their money work for them.

I want parents to teach that academic intelligence is essential, but so is financial intelligence.

We own a shopping center in Temecula that is occupied and making money. In Florida, I am doing a 500-home subdivision just north of Eglin Air Force Base.

Twitter could save a lot of money by writing its executives' names on their doors with pencil instead of fancy placards. Like an episode of 'Suits,' Twitter execs come, go, change jobs and disappear under black clouds every few minutes. Office administration costs must be astronomical!

It's simple: put the money into schools and not prisons.

The reality is that most companies are not about any values at all - they are about making money. It is extremely rare for a business to stand for anything because most businesses don't want to alienate potential customers, and if you believe in anything you are going to alienate someone.