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The practical reality of managing cars in the family - I do 36-month leases. I think they're horrible investments. And you want to give them back after their warranty is over.
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There's something very visceral about watching people beg for money. It's powerful.
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Having won re-election convincingly and against the economic odds, President Obama quickly made good on his promise of maintaining taxes as they are for the middle class while raising them on the wealthiest Americans.
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There's only one side with me. You get the right side. You get the correct version of the facts.
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I think every entrepreneur in Canada owes the next generation a road map of how to do it again.
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Protecting Americans from harm goes beyond police and national defense. It's imperative that we not destroy the commons, the physical environment on which we rely.
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The only reason to do business is to make money; that's the only reason for doing business.
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I look at Twitter as brand building.
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When I turned 50, something clicked in my head and I said, 'I'm not going to live to 100. I'm half-cooked already.' I set the family down and I said, 'Listen everybody, we're now entering the decade of Daddy. We're going to start doing things that I want to do.'
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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.
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Unions are about the collective leverage, the power of numbers versus the power of capital.
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Being an employee is a bad outcome. You want to avoid that. Being an employee is never a good outcome. That's just an opinion.
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I have had some great successes and great failures. I think every entrepreneur has. I try to learn from all of them.
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My problem with unions is they breed mediocrity.
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All businesses require capital, management and labor, and business executives, wanting to grow and maintain profitable enterprises, have a strong incentive to keep costs, including labor, as low as possible.
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You may lose your wife, you may lose your dog, your mother may hate you. None of those things matter. What matters is that you achieve success and become free. Then you can do whatever you like.
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If a manager can't control his costs, fire them.
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If a man could give birth it would be to a book - it's an 18-month gestation period.
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In his first term, President Barack Obama played a cautious manager navigating the worst economic disaster since the Great Depression and cleaning up the messes left by President George W. Bush in Iraq and Afghanistan.
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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?
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I like gold because it is a stabilizer; it is an insurance policy.
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My worst fashion faux pas: probably orange shoes with white pants. I thought I looked spectacular.
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I'd rather invest in an entrepreneur who has failed before than one who assumes success from day one.
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I keep anywhere between 5-10 percent of my net worth in venture ideas.