Because if you’re prepared and you know what it takes, it’s not a risk. You just have to figure out how to get there. There is always a way to get there.
Being able to take a traditional cable-television subscriber and give them new widget type applications to me is huge.
Being rich is a good thing. Not just in the obvious sense of benefitting you and your family, but in the broader sense. Profits are not a zero sum game. The more you make, the more of a financial impact you can have.
But we have to ask ourselves, what’s the purpose of the stock market? It’s supposed to be a source of capital for growing business. It’s lost that purpose.
Culture is very important to the Mavs. Your best player has to be a fit for what you want the culture of the team to be. He has to be someone who leads by example. Someone who sets the tone in the locker room and on the court. It isn’t about who talks the most or the loudest. It is about the demeanor and attitude he brings.
Go out there and get rich. Get so obnoxiously rich that when that tax bill comes, your first thought will be to choke on how big a check you have to write.
I create offbeat advice; I don’t follow it. I rarely take third-party advice on my investments.
I don’t care what anyone says. Being rich is a good thing.
I don’t think there’s any question that the UFL or any other league that wants to challenge the NFL can have an impact. The demand for professional football is off the charts.
I hate politics. It’s slimy. Any job where people pander for votes, I don’t like. The country has gotten so partisan that if you’re not on my side, you’re the enemy. The only thing I ever try to support is a third party, like Unity08. We need more parties and more choice.
I look at my annual budgets for everything and anything, and I look to see where I can save the most money on those items. Saving 30% to 50% buying in bulk – replenishable items from toothpaste to soup, or whatever I use a lot of – is the best guaranteed return on investment you can get anywhere.
I love to compete. To me, business is the ultimate sport. It’s always on. There is always someone trying to beat me.
I still work hard to know my business. I’m continuously looking for ways to improve all my companies, and I’m always selling. Always.
I think one of the biggest curses in the U.S. is that we have only two political parties.
I think political people are afraid of me.
I think that any reporter or columnist will be a little more careful when doing interviews with me.
I worked hard and smarter than most people in the businesses I have been in.
I’m not against government involvement in times of need. I am for recognizing that big public companies will continue to cut jobs in an effort to prop up stock prices, which in turn stimulates the need for more government involvement.
I’m not the type to pat myself on the back and all that, but somebody has to be lucky, right? When I got to Dallas, I was struggling – sleeping on the floor with six guys in a three-bedroom apartment. I used to drive around, look at the big houses, and imagine what it would be like to live there and use that as motivation.
I’ve learned the number one job of a pro manager is not to win championships but to keep their job.
If there was a template for success in sports, everyone would follow it. You do the best you can and trust the people you trust.
If you think back to the first sporting event you went to, you don’t remember the score, you don’t remember a home run, you don’t remember a dunk. You remember who you were with. Were you with your mom, your dad, your brother, on a date?
In my opinion, right now there’s way too much hype on the technologies and not enough attention to the real businesses behind them.
In the past, people used to tell me to shut up a bit. But what I believe is to put out your opinion and let everyone else react. If I’m wrong, I’m wrong.
In these times of the ‘Great Recession’, we shouldn’t be trying to shift the benefits of wealth behind some curtain. We should be celebrating and encouraging people to make as much money as they can. Profits equal tax money. While some people might find it distasteful to pay taxes, I don’t. I find it patriotic.
It is so much easier to be nice, to be respectful, to put yourself in your customers’ shoes and try to understand how you might help them before they ask for help, than it is to try to mend a broken customer relationship.
Make sure you are the boss. I don’t think I would encourage executives that work for me to blog. There can be only 1 public vision for an organization.
Money is a scoreboard where you can rank how you’re doing against other people.
Recessions are the best time to start a company. Companies fail. Others hold back capital. If you are willing to do the preparation and work, it is the best time to invest in yourself and start a business.
Social media is just a platform. Twitter is a very simple and immediate broadcast platform. Facebook is a very personal, when it comes to friends and when it comes to fan pages, a little bit less but still somewhat personal way to communicate.
Sweat equity is the most valuable equity there is. Know your business and industry better than anyone else in the world. Love what you do or don’t do it.
The first cities to create friction-free enterprise zones will get a lot of entrepreneurial traction.
The key is having great players. But there are a lot of teams that have All-Stars and haven’t been able to put it together.
The number-one job of the hedge-fund manager is not to make sure that you can retire with a smile on your face – it’s for him to retire with a smile on his face.
We can’t ever forget that the Internet now is just a staid utility. The exciting platforms are software applications that are very, very simple.
What I do know, at least what I think I have learned from my experiences in business, is that when there is a rush for everyone to do the same thing, it becomes more difficult to do. Not easier. Harder.
What I’ve learned in these 11 years is you just got to stay focused and believe in yourself and trust your own ability and judgment.
What I’ve learned is that if you really want to be successful at something, you’ll find that you put the time in. You won’t just ask somebody if it’s a good idea, you’ll go figure out if it’s a good idea.
When I got to the Mavericks people were all giving me advice – change this, change that – and one thing that I didn’t do was fire anybody.
When you turn your team upside down and try to figure out what the culture of the team is, you take the greatest risk a team can take.
When you’ve got 10,000 people trying to do the same thing, why would you want to be number 10,001?
Wherever I see people doing something the way it’s always been done, the way it’s ‘supposed’ to be done, following the same old trends, well, that’s just a big red flag to me to go look somewhere else.
You’ve got to be very cognizant of the correlation between social media links and business because they don’t always correlate as highly as people would like.