A Quote by Stewart Butterfield

I was pretty entrepreneurial as a kid. I had a lemonade stand. When I was 12, I arbitraged the price of 7-Eleven hot dogs; I'd buy the ones that are pre-wrapped with the bun and then sell them on the beach.
I've always had a knack for branding, so even with the lemonade stands, it was "Gary's Lemonade Stand." I worked on the signs all day, more so than on the lemonade itself. Then I learned you had to make good lemonade to build an actual business, so that taught me about lifetime value and quality.
Entrepreneurial education in grades K-12, if it exists at all, still focuses on teaching potential entrepreneurs small business entrepreneurship - the equivalent of 'how to run a lemonade stand.'
If you're going to sell stock and somebody wants to buy it at a price and that price is not a price you dictate, but demand dictates, sell it to them now.
I basically love anything that comes in a hot dog bun... except hot dogs.
During the Depression, my dad made radios to sell to make extra money. Nobody had any money to buy the radios, so he would trade them for dogs. He built kennels in the backyard, and he cared for the dogs.
They say hot dogs can kill you. How do you know it's not the bun?
I was a dramatic kid. I remember, I was very young, and once I knew what I wanted to do I, like, created a theater company, and I would direct, and we would sell lemonade to buy props.
My son walked up to Nicole on the beach and I was throwing the ball for the dogs in the ocean. I was like, 'Max, you get the dogs. I'll talk to the hot blondes.'
My son walked up to Nicole on the beach and I was throwing the ball for the dogs in the ocean... I was like, Max you get the dogs. I’ll talk to the hot blondes.
Investing is the intersection of economics and psychology. The analysis is actually the easy part. The economics, the valuation of the business isn't that hard. The psychology - how much do you buy, do you buy it at this price, do you wait for a lower price, what do you do when it looks like the world might end - those things are harder. Knowing whether you stand there, buy more, or whether something has legitimately gone wrong and you need to sell, those are harder things. That you learn with experience, by having the right psychological makeup.
For me, I was born in the Bronx, and I moved to Virginia Beach, Virginia at a very young age. I had the luxury of going back to New York, visiting my grandmother who would spoil me endlessly, and I could buy whatever was the hot kicks in the summertime of 1990. Being able to shop and then going back to Virginia Beach, where they weren't as fast in regards to fashion, I had that luxury.
I sat down and collected all of our eleven sales for the past six months and I added them all together and divided by eleven. I then took that average and presented it as the average price for a Manhattan apartment. The media ate it up.
I had a really traumatizing experience growing up. When I was, like, 10 or 11, I was vegan. I'm not anymore, but I was, and I went to this hot dog place because I heard they had a veggie dog. I took a bite, and literally - I kid you not - it was a carrot in a bun. Horrifying.
I wasn't the kid with the lemonade stand.
I'd been working since I was eleven so I could buy my own comic books. I was that kid knocking on your door, selling subscriptions to the paper and crying because I wasn't going to sell that last paper that would allow me to go to Disneyland.
To a value investor, investments come in three varieties: undervalued at one price, fairly valued at another price, and overvalued at still some higher price. The goal is to buy the first, avoid the second, and sell the third.
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