forstmann conference in aspen. he began it in the mid 1990's. forstmann is survived by his two sons he rest and siy his brothers anthony and john and his sisters marina and e list awe. he was a good friend of mine. he amount on e program over the years. here are excerpts of him talk big his world. >> my mother triedo instill in us there was a deference between right and wrong. i'm not sure i would exactly agree with everything she thought w right and everything she thought was rock but the principle was really important i think. and so more than religion, i think there is a right, i know there is a wrong and i think it's important that we try to do as much right and a little wron as we can. >> charlie: she al gav you a sense of winning or losing. >> ohio boy. >> charlie: joining us now to talk about t forstmann, joseph schultz the former secretary of state and krevment o of bloomberg media group and friend from bosnia sandra yonkovitch. >> i thought about teddy a lot in the last few months. i knew he had brain canc

. >>> teddy forstmann has died. he was worth well north of a billion dollars. he worked hard in his later years to give it away. he bought and sold companies including gulfstream jets, topps baseball cards and dr. pepper. he coined the phrase barbarians at the gate at the dawn of the corporate takeover craze. ted forstmann was never boring. he briefly dated princess diana. his hero was nelson mandela. he adopted two sons from africa. never married himself. he died of brain cancer at the age of 71. >>> while you may know a lot about the research about birth order and how it can affect your life thereafter, there is fascinating new research on birth spacing -- the interval between siblings and how it can affect things like intelligence and test scores. the thinking is the more space between kids can often mean more parental attention, more reading, more supervision, especially among lower income kids and that can mean higher academic achievement. we have linked to the study on our website tonight. that's nbcnightlynews.com. up next here this evening bringing home