✅If it ain't fun, we don't do it.
✅If you're really good at what you do, you have the freedom to be who you really are.
✅I never stop pushing myself or others. I'm 75, and I work out every morning at 4:45. I'm at work at 6:30 and don't get home until 7 at night. Every day is an adventure.
✅I like doing deals with the same people
✅Even when Sam’s lawyers got him in trouble and he could have made up a story, he told the truth and got indicted
At 34, his father boarded the last train out of Poland right before the Nazis bombed the train tracks. This led Sam to believe that anything is possible, and when you believe anything is possible. And when you aren't aware of any limitations, nothing stops you from trying.
✅The basics of business are straightforward. It's largely about risk. If you have a big downside, and a small upside runs the other way. If you have a big upside and a small downside, do the deal. Always make sure that you're getting paid for the risk you're taking.
✅You can be a genius, but in a market with a lot of competition, it doesn't matter.
✅The extreme degree for which you rely on strong personal relationships is perhaps the single biggest difference between doing business in the emerging markets and the US
✅If you're a seeker of information and an observer it’s all there to be learned. But with today’s access to an overwhelming amount of information, you have to focus on what is meaningful.
✅My definition of "win" is not binary. It's not a zero-sum game. Negotiation that leads to a winner and loser rarely leads to a successful transaction or another one down the line. My team sometimes complains that we're leaving money on the table, but I want to create an environment where everyone wants to keep playing.
✅On Wall Street, I have a reputation for pricing things so the buyer wins. I don't squeeze out the last nickel.