A Quote by J. B. Pritzker
We're trying to make money, trying to add a zero onto our net worth.
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Water is our next great environmental challenge. It is the new oil. How are we going to preserve this sport unless we are designing and maintaining golf courses that are energy net zero, carbon net zero and water net zero? Or ideally, energy positive, carbon positive and water positive, where they are taking out more than they are using.
If you're trying to diet, what do you do? You grab your two friends and say, 'We're going to the gym; let's do this together.' Money shouldn't be any different. If you're trying to make progress, if you're trying to save more, we really need to be able to get support.
Every time I step onto the field, whether people like it or not, I'm not trying to play dirty - I'm just playing tough. And I'm trying to earn my spot on the team. I'm trying to earn a starting spot. I'm trying to become a complete midfielder who attacks, who defends. So that's the mindset.
The goal of a private company is, first, zero to one: Get past the product-market fit; figure out whether people actually care about what you're trying to build and someone will pay you money for that. That's the zero to one problem.
I am human. I am messy. I'm not trying to be an example. I am not trying to be perfect. I am not trying to say I have all the answers. I am not trying to say I'm right. I am just trying - trying to support what I believe in, trying to do some good in this world, trying to make some noise with my writing while also being myself.
The goal of a private company is, first, zero to one. Get past the product market fit, figure out whether people actually care about what you're trying to build and someone will pay you money for that. That's the zero to one problem. So scaling, one through N, is figuring out can you do that at scale and how big is the scale. And when people pay you more than what it costs for you to make it, does that equation end up leaving you with money left over, i.e. profits.
Athletes and musicians make astronomical amounts of money. People get paid $100 million to throw a baseball! Shouldn't we all take less and pass some of that money onto others? Think about firefighters, teachers and policemen. We should celebrate people that are intellectually smart and trying to make this world a better place.
A big mistake people make when they are trying to lose weight is that they stop eating. They'll eat salads once a day and then their body starts trying to protect itself and holds onto the fat.
I'm trying to run through you. I'm trying to make you feel everything that I'm bringing. That's the mentality you have to have as a running back. The defense is trying to knock the mess out of you, and I'm trying to do the same.
Right now, women's worth is being quantified by how they look and their Instagrams and likes. That's all so self-created, so why are we trying to add to that? It's hard enough to be a young woman, or man, growing up and trying to find your identity, rather than having a whole Internet of people weighing in on it. It makes me sad for those kids.
If my sense of security lies in my reputation or in the things I have, my life will be in a constant state of threat and jeopardy-a fear that these possessions may be lost, stolen, or devalued. If I'm in the presence of someone of greater net worth, fame, or status, I feel inferior. If I'm in the presence of someone of lesser net worth, fame or status, I feel superior. My sense of self-worth constantly fluctu-ates. I don't have any sense of constancy, anchorage, or persistent selfhood. I am constantly trying to protect and insure my assets, properties, securities, position, or reputation.
If anything is worth trying at all, it's worth trying at least 10 times.
One of the dangers about net-net investing is that if you buy a net-net that begins to lose money your net-net goes down and your capacity to be able to make a profit becomes less secure. So the trick is not necessarily to predict what the earnings are going to be but to have a clear conviction that the company isn't going bust and that your margin of safety will remain intact over time.
That was the division in the hacking world: There were people who were exploring it and the people who were trying to make money from it. And, generally, you stayed away from anyone who was trying to make money from it.
City life is stressful. Everybody is running around like crazy, stuck in traffic jams trying to make meetings, trying to make ends meet, trying to meet deadlines, trying to get kids to and from activities. There aren't enough hours in the day for all this business.
In life,you're going to have risk, so you have to say, 'My attitude going forward is how to I fix the problem.' And it's not trying to cling onto the past. When I look around, most problems happen because people are trying to cling onto the past.
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