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. Gerry Schwartz More Quotes by Gerry Schwartz More Quotes From Gerry Schwartz There is no such thing as high returns without risk. Gerry Schwartz return risk I enjoy the independence of single-handling a boat. I like controlling the elements, making the wind and the waves and the water work for me. Gerry Schwartz wind inspirational water It would hurt. But we'll dust ourselves off and we'll come back. Gerry Schwartz dust hurt mistake I want to grow. I don't want to get stuck doing the same thing over and over and think I'm the best at it. Gerry Schwartz change life thinking We’ve got customers. We’ve got suppliers. We’ve got employees. We’ve got unions. We’ve got communities. We’ve got all of these things that go into making up whether a business succeeds or fails. Gerry Schwartz unions succeed community Investments are like trains, and if you miss one, don’t worry because another one will come down the line. Gerry Schwartz lines missing worry Helping people getting a great start in life, a great foundation, is an investment. Gerry Schwartz foundation support people I love the U.S. I love doing business there. Gerry Schwartz Good decisions can have bad short-term outcomes but be great for the business long-term. Gerry Schwartz outcomes decision long I have said many times that it's a mistake to bet against the long-term health of the U.S. equity markets because it's a mistake to bet against the long-term health of the U.S. economy. Gerry Schwartz economy health said mistake 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. Gerry Schwartz sense make me business 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. Gerry Schwartz know decision business waiting I was a kid from Winnipeg - I didn't know anything about the world. Gerry Schwartz anything kid know world I came from Winnipeg and a small-town background, and I wouldn't say a depressed area, but Winnipeg has never been a rich area like Toronto. Gerry Schwartz say never like rich 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. Gerry Schwartz place you smart people I'd always felt like a Canadian living in the U.S. Gerry Schwartz like always living felt 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. Gerry Schwartz well make up money In an undergraduate business environment, the best learning experience is the interaction students have with each other. They need to learn from each other as much as from professors and lectures and other teaching tools. Gerry Schwartz best experience learning business 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. Gerry Schwartz good me business life 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. Gerry Schwartz good think experience work