It doesn’t matter how many times you fail. It doesn’t matter how many times you almost get it right. No one is going to know or care about your failures, and neither should you. All you have to do is learn from them and those around you because all that matters in business is that you get it right once. Then everyone can tell you how lucky you are.
It’s not about money or connections — it’s the willingness to outwork and out-learn everyone… And if it fails, you learn from what happened and do a better job next time
Sweat equity is the most valuable equity there is. Know your business and industry better than anyone else in the world. Love what you do or don't do it.
I love to compete. To me, business is the ultimate sport. It's always on. There is always someone trying to beat me.
I still work hard to know my business. I'm continuously looking for ways to improve all my companies, and I'm always selling. Always.
Culture is very important to the Mavs. Your best player has to be a fit for what you want the culture of the team to be. He has to be someone who leads by example. Someone who sets the tone in the locker room and on the court. It isn't about who talks the most or the loudest. It is about the demeanor and attitude he brings.
If you can't admit a failure, you're not an entrepreneur. You are not a good business person. There's nothing brilliant about what you are doing.
If there was a template for success in sports, everyone would follow it. You do the best you can and trust the people you trust.
Owning a popular sports team is very different than any other type of business. They don't throw parades when Apple has the biggest quarter in corporate history. People don't call and email asking for anyone from the team to come visit their sick child. They don't cry as they request a jersey of their child's favorite player to be buried with them.
Being rich is a good thing. Not just in the obvious sense of benefitting you and your family, but in the broader sense. Profits are not a zero sum game. The more you make, the more of a financial impact you can have.
I love being challenged and defending my positions and, when I'm wrong, learning from the exchange. It makes me smarter and better as a businessperson.
I can't say it enough that learning how to learn is one of the greatest skills anyone can have. It's why I advocate that everyone go to college.
My guiding principle and motivation was that I wanted to retire by the time I turned 35. There actually are two books that I bought and still have - Paul Terhost's 'Cashing In On the American Dream: How to Retire at 35' and Andrew Tobias's 'The Only Investment Guide You'll Ever Need' - that were my personal financial road map.
We have to face the fact that countries are going to lose jobs to robotics. The only question that needs to be answered is which country will create and own the best robotic technology and have the infrastructure necessary to enable it.
I liked Trump's honesty because it was different and had a chance to change the business of politics. What I didn't realize he was missing at the time was a complete and utter lack of preparation, knowledge, and common sense.
The number-one job of the hedge-fund manager is not to make sure that you can retire with a smile on your face - it's for him to retire with a smile on his face.
There is so much partisan and tribal politics, from not just those seeking office but potential voters as well, that we never get real attempts at solutions to problems.
I grew up in a working class family. People thought I might go work at a mill. My mom wanted me to learn how to lay carpet because she was concerned about my future. Nobody had high hopes for me. But I was a hustler.
If you think back to the first sporting event you went to, you don't remember the score, you don't remember a home run, you don't remember a dunk. You remember who you were with. Were you with your mom, your dad, your brother, on a date?
Up until Trump announced his candidacy, the conventional wisdom was that you had to be a professional politician in order to run. You had to have a background that was politically scrubbed. In other words, smart people who didn't live perfect lives could never run.
It is so much easier to be nice, to be respectful, to put yourself in your customers' shoes and try to understand how you might help them before they ask for help, than it is to try to mend a broken customer relationship.