Top 17 Quotes & Sayings by David Lichtenstein

Explore popular quotes and sayings by an American businessman David Lichtenstein.
Last updated on April 14, 2025.
David Lichtenstein

David Lichtenstein is an American billionaire entrepreneur and real estate investor. He is the founder and CEO of The Lightstone Group, which he founded in 1988. During the early years of the Lightstone Group, Lichtenstein focused on investing in multifamily properties. He rapidly grew his portfolio in the 1990s, before diversifying his portfolio and moving into retail. Lichtenstein in 2003 acquired Prime Retail for $638 million, seen as one of the largest retail purchases in United States at the time.

The annual 'Forbes' Billionaires List speaks volumes about the movement and concentration of wealth across industries and geographies.
I'm an extrovert.
I would rather be the only horse in a one-horse town than be the third horse in a big city. — © David Lichtenstein
I would rather be the only horse in a one-horse town than be the third horse in a big city.
Perhaps the secret to making a billion dollars in real estate is that there is no secret.
To be human is to err, isn't it?
In Texas, they're very proud of being cowboys. It's a different atmosphere - a lot more agricultural. I can't, living here in Jersey, predict who they are. It's called respecting the community.
Whether an economic boom is fueled by the fashion industry or technology innovations, it needs a brick-and-mortar foundation. This is not only true in New York and San Francisco; wherever you live, you can find a local hotspot positioned to attract interest from businesses, consumers and investors.
You don't have to be too bright to get into real estate.
I'm not interested in having the second- or third-largest mall in Cincinnati.
Growing companies need commercial space, and their employees need to live nearby.
One valuable lesson I learned is that buying cheap is very important. Buying without debt is also very important. Leverage is your enemy.
I started my career buying and owning single-family houses, and I know that's a really tough job. Toilets break. Trees fall. There are so many things that can go wrong. Land, on the other hand, is cheap to manage. It's painless, really. All you have to do is pay your taxes, and that's it.
At the end of the day, nobody cares how much you tried, what the deal was, or if you were a good guy or a bad guy.
When you take smaller gambles, no one particular deal can be big enough to have a material adverse effect on the company.
When you're in 45 markets, you take it on the chin here and there.
People from all over the world want to be in New York. This rather simple idea took me a long time to learn.
I'm just a normal guy. — © David Lichtenstein
I'm just a normal guy.
This site uses cookies to ensure you get the best experience. More info...
Got it!