One of my business partners would remind me that no fashion line lasts forever, that we would hit the down curve eventually, and that we needed to look for new brands that complement the first one.
Daymond JohnRead
My mother said, "Money is a great slave but a horrible master." It was her version of a French proverb.
Interpretation
Money can be useful if controlled wisely, but it can lead to problems if it controls you.
This quote emphasizes the importance of maintaining a healthy relationship with money. It suggests that while money can serve us well and provide for our needs when we control it, letting it dictate our lives and decisions can lead to discontent and imbalance.
In practice
Discussing financial education with students.
One of my business partners would remind me that no fashion line lasts forever, that we would hit the down curve eventually, and that we needed to look for new brands that complement the first one.
I do today what people won't, so I achieve tomorrow what other people can't.
It will never be a perfect time, you can only make time perfect.
While good business ideas are plentiful, many entrepreneurs struggle to understand payroll taxes, health care and other thorny issues… In other words, they don't have the financial literacy to scale their businesses and attract investors.
Learn as many mistakes and what not to do while your business or product is small. Don’t be in such a hurry to grow your brand. Make sure that you and the market can sustain any bumps that may occur down the road.
When looking at trends I always ask myself basic and timeless questions about business, and the one I seem to always come back to is, 'How is this different than anything else in the marketplace?'
Invention is the talent of youth, as judgment is of age.
All makers must leave room for the acts of the spirit. But they have to work hard and carefully, and wait patiently, to deserve them.
Compassion for ourselves gives rise to the power to transform resentment into forgiveness, hatred into friendliness, and fear into respect for all beings.
It is not enough that your designs, nay that your actions, are intrinsically good, you must take care they shall appear so.
Thinking about how disturbingly herdlike people become in so many different contexts - mimetic theory forces you to think about that, which is knowledge that's generally suppressed and hidden. As an investor-entrepreneur, I've always tried to be contrarian, to go against the crowd, to identify opportunities in places where people are not looking.
On being asked by someone how he could become famous, Diogenes responded: 'By worrying as little as possible about fame
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