A Quote by Hunter S. Thompson
I have long understood that losing always comes with the territory when you wander into the gambling business, just as getting crippled for life is an acceptable risk in the linebacker business. They both are extremely violent sports, and pain is part of the bargain. Buy the ticket, take the ride.
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While we know gambling is part of the industry in Las Vegas, we're not going to make it all that easy for you to pick up a ticket, a gambling ticket, on your way into the arena.
Managing risk is a key variable, frankly, all aspects of life, business is just one of them, and one of the things that most people do in terms of managing risk, that's actually bad thinking, is they think they can manage risk to zero. Everything has some risk to it. You know, you drive your car down the street, a drunk driver may hit you. So what you're doing is you're actually trying to get to an acceptable level of risk.
Being a Navy SEAL and sniper taught me all about risk management. Take away all the risk variables under your control and reduce it to an acceptable level. The same fundamentals apply in business.
There have always been extraordinarily tough men in the business of sports-entertainment. My view is that one can't be in the sports-entertainment business successfully and long term without being tough.
Buy the ticket, take the ride.
My goal was to build a meaningful sports business that operates at the highest levels in the areas of business that we compete in. I have an intense desire to be successful, and I'm extremely competitive.
I hate to lose, and if anybody gets used to losing they are going to be a loser. I'd like to tell you losing is part of the game, and it is, but I hated it. I still hate to lose. And that will never change. By the way, just because I turned the page and poured all my energies into business does not mean that I don't miss organized sports. I do.
Getting money is not all a man's business: to cultivate kindness is a valuable part of the business of life.
The lesson that I would hope everyone would learn quite early in their career is don't take it personally. Whatever it is that happens, you're accepted for a role or rejected for a role of whatever, don't take it personally. It's part of the business and the person that is either hiring or firing-that's their business. That's what they are there for and it has nothing to do with how you feel about ... It has to do with someone else's perception of should you do this particular part, so just don't take it personally,. The business is really about rejection, so don't take it personally.
When you've got a great business going, you go open another and take the risk of losing the whole thing. It's fun!
If you've got the power to raise prices without losing business to a competitor, you've got a very good business. And if you have to have a prayer session before raising the price by a tenth of a cent, then you've got a terrible business. I've been in both, and I know the difference.
The thing that I learned early on is you really need to set goals in your life, both short-term and long-term, just like you do in business. Having that long-term goal will enable you to have a plan on how to achieve it. We apply these skills in business, yet when it comes to ourselves, we rarely apply them.
When we separate the word business into its component letters, B-U-S-I-N-E-S-S, we find that U and I are both in it. In fact, if U and I were not in business, it would not be business. Furthermore, we discover that U comes before I in business and the I is silent-it is to be seen, not heard. Also, the U in business has the sound of I, which indicates it is an amalgamation of the interests of U and I. When they are properly amalgamated, business becomes harmonious, profitable, and pleasant.
I mean the business is just so rough man, people always think the business is easy, and the business is very rough. This is probably the worst business that you can get in, as far as, business-wise.
But I am in the gambling business, for good or ill; it is the business I have chosen, and the only governing rule that we all recognize is: always sit close to an exit and never trust a man who doesn't sweat.
There are no bad business and investment opportunities, but there are bad entrepreneurs and investors. To be a successful business owner and investor, you have to be emotionally neutral to winning and losing. Winning and losing are just part of the game. The size of your success is measured by the strength of your desire, the size of your dream and how you handle disappointment along the way.
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