Gerry Schwartz

I have almost no interest in quarterly reports. Running a business or investing in a business based on quarterly earnings doesn't make any sense at all to me.

I was a kid from Winnipeg - I didn't know anything about the world.

Private equity does pay very well, and my counterparts, guys that I grew up with who are still working at a number of firms, all make a lot of money.

I love the U.S. I love doing business there.

Helping people getting a great start in life, a great foundation, is an investment.

Interestingly, a good undergraduate program does a lot of what an MBA does. I think a really good undergraduate program and some work experience is just about the equal of an MBA.

You see these young people in Antigonish who are coming from Cape Breton, and these are really smart, attractive young people, who are living in a place that's been very rough economically. It's a very special thing to be helpful there.

I'd always felt like a Canadian living in the U.S.

Good decisions can have bad short-term outcomes but be great for the business long-term.

A lot of what I do is running businesses rather than buying stocks. My worst decision is probably when I know I have the wrong chief executive running the business, and I keep on waiting to make the difficult decision of replacing him.

I am personally interested in more than just business schools. However, life has been good to me, and it's been good to me through a business career. I think the chance to help strengthen the foundation of young people going into business, as I did, just appeals to me.

Just looking at Onex: We hire almost entirely at the most bottom level and bring them through a nine-year training program. We're probably 70/30 today not requiring an MBA.