Here are a few of the best pieces that I could recall:
1) Go where the demand is - Magic Johnson does his best not to invest in unproven ideas. He has invested in theaters, coffee shops and Sports Teams.
2) Know how to get there - He shared the fact that you need to do your research and learn how to get where you want to be.
3) Be great at what you do - Magic was and still is a great basketball player. That being said he has become a great businessman as well. In part because many banks and investors rejected him because they only saw the basketball player and not the businessman. He had to prove himself again and again.
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