Well yes, but like I said, small mistakes or small failures. We take small failures very often. We have failures in investment. We have failures in operation, but no big mistakes or big failures. How do we take that? Like ordinary business.

We made one mistake in a story in which we said that — Woodward and Bernstein said — that there was a slush fund of $300,000 set up in the Committee to Re-elect the President, and it was controlled by Haldeman, and that one of the witnesses had testified to that slush fund to the grand jury investigating Watergate. ... It turned out that he hadn’t been asked, and that interested us a great deal, because if the prosecution wasn’t asking him those interesting questions, that suggested that there was a reason they weren’t, and the reason might be that they were trying to cover it up. Anyway, it took two days, and we got confirmation that there was, and in fact there was a slush fund of $750,000.

Yeah. It’s a grandiose reaction. You are claiming you could really control this, but you failed.

Well, maybe it was successful in the end. But, I mean, to get there - one of the things that I talk about is not to be afraid of failure because you're going to fail. And I was 19 years old. I was competing in the Mr. Universe contest, and I lost. I had movies that went in the toilet. I have had policy issues and referendums that went in front of the people that I lost. And, of course, in my personal life, you know, my marriage is a big loss. So there's a lot of losses and failures that I've had. And I think that it is important that we recognize that. But no matter what it is, I always had an exciting life and always chased something, and that made, to me, the whole thing worth it. I always felt I was enriched by the fact that I always knew where I was going. And then there were some things that were unexpected. Like, running for governor was something that kind of unfolded only because there was a recall election.

Getting rich slow isn't actually slower. It's slower in year one, but it might be faster in year seven.

We need to have mentors. I think I've always been pretty shameless about seeking out people much smarter and much more experienced than me from the very beginning. Michael Seibel and other people. And the more successful I got, the more leaders I started seeking out, whether it was investors, or Sheryl Sandberg at Facebook, or I got the opportunity to spend time with Warren Buffett and he became a close mentor of mine.