A Quote by Rick Harrison
My dad had always bought and sold gold and other stuff. In '81, he went broke because of real estate, so he moved us to Vegas and opened a small second-hand store. We always wanted a pawn license because there's a lot more money in that.
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I bought a dodgy gold ring off a guy in Southampton. He told me to check it was real gold by heating it up with a lighter and pressing it against my skin, because real gold doesn't burn. I still have the scar on my left hand.
Real estate is the best investment for small savings. More money is made from the rise in real estate values than from all other causes combined.
My treasure chest is filled with gold.
Gold . . . gold . . . gold . . .
Vagabond's gold and drifter's gold . . .
Worthless, priceless, dreamer's gold . . .
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Gold that can not be bought or sold -
Gold.
I started out from a pretty modest background, so I always had a pretty good sense of money. I always had to work for my money, save my own money, I always bought my own stuff with my money... trying not to waste money unnecessarily.
Because I didn't have much money, I bought a small shop that fit my budget. The previous six owners had closed their business in three years. The store had no people traffic and, because of that, I was able to focus on figuring out how to provide a better service to each and every one of the customers that did come through.
Gold is unique because it has the age-old aspect of being viewed as a store of value. Nevertheless, it’s still a commodity and has no tangible value, and so I would say that gold is a speculation. But because of my fear about the potential debasing of paper money and about paper money not being a store of value, I want some exposure to gold.
Well, my dad was into music, but he wasn't into me being into music. In my house when I was a kid, when I was real young, my dad wanted us all to play sports, and we were jock-like. We had a lot of money. And my brother was sort of the light of our family, and he was a good athlete. And I wasn't a very good athlete, but I tried to be. And then when I was 15 my dad went bankrupt, and we moved to Houston. And I went with him, but then I went back to Portland.
Anything that I wanted to do in my career that I wanted to do always worked out. The stuff I got talked into always failed. All the stuff I was talked into, by brilliant managers, because it always came down to, "Know how much money you'll make?" And then it would just fail.
I had a lovely childhood. For family holidays, we went as far as the car could take us - we would drive to Florida, even though it would take three days. I didn't know we didn't have a lot of money because there was always food on the table. I didn't have a lot of stuff, but I did figure skating for a long time, and I always had my skates.
I moved to Philadelphia to go to school at Eastern partly because I wanted to study the Bible and I also went to study sociology. I like how Karl Barth said we have to read the Bible in one hand and the newspaper in the other so that our faith doesn't just become a ticket into heaven and a license to ignore the world around us.
The only big things I've purchased are my dad's heart valve and a Rolls-Royce for my parents, for their anniversary. And that was only because my dad had a Lady Gaga license plate on our old car and it was making me crazy because he was getting followed everywhere, so I bought him a new car.
I basically left Texas with no money. I was making $3.50 working in some mall, so I didn't have a lot of cash. I took $1,000 and headed to California. Along the way I stopped in Vegas because I had always wanted to see Caesar's Palace. So I stopped there and won $2,500 on a slot machine! It was amazing.
What went wrong is we had tremendous concentration in the sense we put a lot of our money to work against U.S. real estate. We got here by lending money, and putting money to work in the U.S. real estate market, in a size that was probably larger than what we ought to have done on a diversification basis.
This hand is not very active always, because it was in this hand that I carried my books. My carrying hand was always my strongest. Now I think my other hand has developed more muscles from signing all those autographs.
It was Yves Saint Laurent who realised the high-end design houses could make a lot more money if they sold more accessible clothing than the usual couture, when he opened his pret-a-porter store, Rive Gauche, in 1966.
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