step back for a rare health condition he has never revealed. ,oining me today on "studio 1.0 , chairmanael moritz of sequoia capital and co-author of the book " leading." you cowrote this book with another sir, sir alex ferguson. what drew you? i always followed united. not as a raving fan. as the young boy, i followed them through the years. the working hard to help build sequoia, i was very curious about organizations that had succeeded for a very long time extremelymed at an high level, particularly organizations that had been run by one individual. and there are just not that many. emily: you have both been tasked with taking undervalued assets and making them profitable. he grew up in scotland and i grew up in wales. both of us have an outsider's mentality. and i think a fair amount of a work ethic. emily: he is credited with transforming the faltering club into a thrill billion dollar -- $3 billion public company. what are the lessons here? knownchael: i wish i had about these topics 30 years ago. i know i certainly would have been far more effective. one is patience. two is a long-term vie