Howard Stutz at the Las Vegas Review-Journal covered the story:

It’s not every day that the nation’s seventh-richest billionaire tells college students the secret of his success was “never knowing anything” about the businesses in which he got involved.

In a 90-minute discussion Thursday with University of Nevada, Las Vegas students, Las Vegas Sands Corp. Chairman Sheldon Adelson also advised that willingness to risk it all is key to any entrepreneur.

Adelson, 78, who was awarded the Hospitality Industry Leader of the Year by the UNLV’s Harrah Hotel College, said he’s either started or acquired 50 businesses. Each time, he wasn’t sure exactly what he was getting himself into.

That held true when he jumped into the gaming industry with his purchase of the Rat Pack-era Sands on the Strip in early 1990s. At the time, Adelson was only looking for enough land to build a convention center for his computer industry trade show. Gaming was an industry he knew little about.

“This is the nature of entrepreneurship. It’s the willingness to take a risk,” Adelson said. “It’s a willingness to do things a little bit different.” Read the whole article here.