I'd rather invest in an entrepreneur who has failed before than one who assumes success from day one.
Kevin O'LearyRead
When you're an investor, you can look at the quantitative and qualitative elements of an investment, but there's a third aspect: What you feel in your gut.
Interpretation
Investing involves both analytical and intuitive aspects.
Kevin O'Leary emphasizes that successful investing is not solely based on numbers and measurable factors; it also requires a gut feeling or intuition about the investment. This third aspect combines emotional intelligence with analytical skills to make well-rounded decisions.
In practice
This quote could be used in a financial seminar to highlight the importance of intuition in investing.
I'd rather invest in an entrepreneur who has failed before than one who assumes success from day one.
I have met many entrepreneurs who have the passion and even the work ethic to succeed - but who are so obsessed with an idea that they don't see its obvious flaws. Think about that. If you can't even acknowledge your failures, how can you cut the rope and move on?
Downturns are the best time to start businesses because you develop discipline that's very lean and mean in terms of how to spend money. And those habits serve you very well in good times.
I'm very comfortable with the idea of there being late bloomers, and for me, of course, there's no difficulty at all in the way that I think of talent and achievement and so on.
Profitability comes from loyalty, productivity, and having a character base from which to work.
To see a thing clearly in the mind makes it begin to take form.
It was not until the end of my freshman year in high school that I thought I could really have a future in track and field. I definitely did not think I could make it to the Olympics back then, though; I was just focused on making it to the state finals!
Without Fred Taylor I would never have become the player I became. Because he was selling defense and I bought it.
Even if your competitor is still small in size or weak, you should take him seriously and treat him as a giant. Likewise, even if your competitor is massive in size, you shouldn't regard yourself as a weakling.
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