Boy, being a parent is a hard job, I think, because in parenting you want your kids to like you. Too much sometimes. It’s a hard line to find between doing what’s necessary to give them the tools to be good kids and make good decisions and all that, versus just completely not giving them a chance to accomplish anything because you do everything for them. I kind of feel like it’s okay if these kids go out and make a few mistakes, because they’re going to learn. The last ten years have been interesting, because I’m a stepparent to three kids, and I’m a father to two kids, an older and a younger. And it’s a real interesting dynamic.

My greatest joy as a father is to see our children growing up and growing independent, and becoming brilliant ... But also every now and then needing me for something and remembering where I can fit into the world. And one of the great joys you realize is that you need them ... You work for their smile. You work for their joy.

Parenting is the wildest adventure and vocation that can happen to a person. Every day is different and there is no static. So, you have to kind of surrender to the process, which is a hard thing to do for somebody like me who prefers to have order in my life.

You have kids and you’re forced to remember that time actually extends. The world extends, policy extends, stakes extend past your own life.

With all due respect to Procter & Gamble, I wanted to be an entrepreneur.

So, it was hard to fathom letting go. Age was part of the reason. We were both 77 at that time.

it’s that grit, that determination, that fortitude, that gets you through what you set out to do.

I'd argue that while no doubt mistakes have been made, including by us and KKR, many have misunderstood (or greatly simplified) the model. They have overlooked how value is created -- and for whom.

Oh, I have a lot of pleasures. I love the being outdoors. I love fly-fishing, particularly for salmon. I love to ski.

In 50 years, I hope to be remembered not just as an industrialist but as someone who believed in the potential of people and worked to leave the world better than he found it.