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.
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I love being challenged and defending my positions and, when Im wrong, learning from the exchange. It makes me smarter and better as a businessperson.
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Whatever you are studying right now, if you are not getting up to speed on deep learning, neural networks, etc., you lose. We are going through the process where software will automate software, automation will automate automation.
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I cant say it enough that learning how to learn is one of the greatest skills anyone can have. Its why I advocate that everyone go to college.
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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 Terhosts Cashing In On the American Dream: How to Retire at 35 and Andrew Tobiass The Only Investment Guide Youll Ever Need - that were my personal financial road map.
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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.
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I liked Trumps honesty because it was different and had a chance to change the business of politics. What I didnt realize he was missing at the time was a complete and utter lack of preparation, knowledge, and common sense.
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The number-one job of the hedge-fund manager is not to make sure that you can retire with a smile on your face - its for him to retire with a smile on his face.
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What Ive learned in these 11 years is you just got to stay focused and believe in yourself and trust your own ability and judgment.
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Donald Trump I wouldnt trust as far as I could throw him.
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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.
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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.
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If you think back to the first sporting event you went to, you dont remember the score, you dont remember a home run, you dont remember a dunk. You remember who you were with. Were you with your mom, your dad, your brother, on a date?
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Money is a scoreboard where you can rank how youre doing against other people.
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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 didnt live perfect lives could never run.
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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.
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Leaders dont look backwards to condemn what has already been done they look forward to create a better future.
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Your customers can tell you the things that are broken and how they want to be made happy. Listen to them. Make them happy. But dont rely on them to create the future road map for your product or service. Thats your job.
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