Patrick Bet-David - Quotes
Access to Information Changes Everything
Today, everybody has access to information that can change their life.
Patrick Bet-David
Patrick Bet-David - Quotes
Information Eliminated Excuses
Today, there's no excuse not to learn and win at the highest level.
Patrick Bet-David
Patrick Bet-David - Quotes
Stop Inheriting Other People's Limiting Beliefs
At some point in your life, you have to refuse to buy into the philosophies that your parents and loved ones sell to you if it doesn't make sense. Question it, don't believe it.
Patrick Bet-David
Patrick Bet-David - Quotes
Patience Multiplies Value
We got more than double the valuation because we were patient.
Patrick Bet-David
Patrick Bet-David - Quotes
Patience Increases Valuation
The first time someone tried to buy our company, they said they couldn’t—because I was the business.
Everyone told them I was the hardest working person there, seven days a week. So they offered $120 million, but only if I stayed for five years. I said I couldn’t sell it.
So I changed the strategy. I hired a C-suite team, stepped back, and let the company run without me.
Two years later, when they came back, I was there only once every six months. The business was run by a team.
We got more than double the valuation—just because we were patient, not desperate.
Patrick Bet-David - Quotes
Never negotiate from desperation
Never put yourself in a position where you are desperate. Whenever you're in a position of desperation, you're always going to get underpaid and you'll make a bad move that could cost you $100 million.
Patrick Bet-David
Patrick Bet-David - Quotes
Listen Before You Pitch
The more I do a needs analysis - asking what's important to you - the more I can make the recommendation based on what's important to you, instead of jumping to conclusions.
Patrick Bet-David
Patrick Bet-David - Quotes
Why Cash Is Still King When Every Market Turns
Always have cash. Having cash allows you to pick things up when, for me, they're for sale. Not having cash when the market goes down - a lot of people don't make it.
Patrick Bet-David
Patrick Bet-David - Quotes
The Two Types of Growth
Linear growth is biz dev and systems - it's not going to explode your business. Exponential growth is at the top: leadership development or innovative campaigns.
Patrick Bet-David
Patrick Bet-David - Quotes
Delayed Gratification - Real Wealth-Building Strategy
I didn't buy my first Rolex until I was 35. I didn't buy my first Ferragamo shoe until I had half a million in the bank. I didn't buy a house until I was 37. I'm not a spender - I'm reinvesting into the company.
Patrick Bet-David
Patrick Bet-David - Quotes
Stay Locked on the Vision
Drive for the vision. Don't get distracted from the vision.
Patrick Bet-David
Patrick Bet-David - Quotes
Filtering Feedback
You have to have the wherewithal to know which feedback to take and which not to take.
Patrick Bet-David
Patrick Bet-David - Quotes
Why a Harvard Degree Can Actually Hurt Your Company
Sometimes you hire somebody with a Harvard degree and you allow that person to change the culture of the company. Then you're like, 'We just lost what we used to have.' Degrees don't mean anything. First, they have to prove they understand the culture.
Patrick Bet-David
Patrick Bet-David - Quotes
Everything Rises and Falls on the Operator
Everything rises and falls on the operator. If the operator isn't maniacally focused in growing the business and isn't emotionally stable, he's going to have a hard time.
Patrick Bet-David
James Dumoulin - Quotes
Shortcut to success
There's only one shortcut to success in today's world, and that's mentorship.
James Dumoulin
Bobby trader IPO specialist - Quotes
Execution beats education
If you're only book-smart, no matter where you graduated from, you'll probably end up working for someone with street smarts.
Bobby trader IPO specialist
Bobby trader IPO specialist - Quotes
Street Smarts Beat Book Smarts
Street smarts matter more than book smarts.
Bobby trader IPO specialist
Bobby trader IPO specialist - Quotes
Stop Copying Other People
Everyone has their own way. There's no way you can copy me, and there's no way I can copy you.
Bobby trader IPO specialist
Bobby trader IPO specialist - Quotes
Build Your Own Path
My family was really poor... My father made it himself, and he always told me that if he could make it, I had to find my own way too.
Bobby trader IPO specialist
James Dumoulin - Quotes
Own More of the Process
The secret to building hundreds of millions is having a vertically integrated business.
James Dumoulin