Tuesday at Trump Tower (1987)

Tuesday at Trump Tower (1987)

Lessons learned::

- don't let personal preferences affect your business judgment

- never waste (yours or someone else's) time, go straight to the point; keep things brief

- think of second order consequences and incentives

- cultivate the courage to speak up your convictions even when it may be unpopular

- protect your time

- "keep as many options open" as you can

- think "Right Price" and "Cash Flow"

- cultivate the ability to see through the essence of a deal as fast as possible

- on loyalty: "I’m loyal to people who’ve done good work for me."

- listen to your gut : "I hear Lee and his guys out on their deal, but in truth, it doesn’t excite me much. We leave it that I’ll get back to them." & "Larry’s both a bright and a nice guy, and he’s very enthusiastic, but he doesn’t convince me."

- on Calvin Klein's success: "he's a very talented designer, but he’s also a very good salesman and businessman—and it’s the combination of those qualities that makes him so successful."

- on responding to fake news: "The way I see it, critics get to say what they want to about my work, so why shouldn’t I be able to say what I want to about theirs?"

#trump #lessons #artofthedeal

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Episoder(26)

The Art of the Deal - Chapter 4: Prudence Pays (1987)

The Art of the Deal - Chapter 4: Prudence Pays (1987)

"In the end, of course, it never pays to be in too much of a hurry." - Donald J. Trump

2 Des 202527min

The Art of the Deal - Chapter 3: Growing Up (1987)

The Art of the Deal - Chapter 3: Growing Up (1987)

"Perhaps the most important thing I learned at Wharton was not to be overly impressed by academic credentials. It didn't take me long to realize that there was nothing particularly awesome or exceptio...

4 Sep 202532min

The Art of the Deal - Chapter 2: Trump Cards - Elements of the Deal - Have Fun (1987)

The Art of the Deal - Chapter 2: Trump Cards - Elements of the Deal - Have Fun (1987)

"Life is very fragile, and success doesn’t change that. If anything, success makes it more fragile. Anything can change, without warning, and that’s why I try not to take any of what’s happened too se...

22 Aug 20251min

The Art of the Deal - Chapter 2: Trump Cards - Elements of the Deal - Contain the Costs (1987)

The Art of the Deal - Chapter 2: Trump Cards - Elements of the Deal - Contain the Costs (1987)

"I believe in spending what you have to. But I also believe in not spending more than you should. [...] the day I can’t pick up the telephone and make a twenty-five-cent call to save $10,000 is the da...

22 Aug 20253min

The Art of the Deal - Chapter 2: Trump Cards - Elements of the Deal - Deliver the Goods (1987)

The Art of the Deal - Chapter 2: Trump Cards - Elements of the Deal - Deliver the Goods (1987)

"But that experience also taught me something. Until then, I’d never understood how Jimmy Carter became president. The answer is that as poorly qualified as he was for the job, Jimmy Carter had the ne...

22 Aug 20254min

The Art of the Deal - Chapter 2: Trump Cards - Elements of the Deal - Fight Back (1987)

The Art of the Deal - Chapter 2: Trump Cards - Elements of the Deal - Fight Back (1987)

"Much as it pays to emphasize the positive, there are times when the only choice is confrontation." - Donald J. Trump

22 Aug 20254min

The Art of the Deal - Chapter 2: Trump Cards - Elements of the Deal -  Get The Word Out (1987)

The Art of the Deal - Chapter 2: Trump Cards - Elements of the Deal - Get The Word Out (1987)

"You can have the most wonderful product in the world, but if people don't know about it, it's not going to be worth much. [...} You need to generate interest, and you need to create excitement." - Do...

18 Aug 20258min

 The Art of the Deal - Chapter 2: Trump Cards - Elements of the Deal - Enhance Your Location (1987)

The Art of the Deal - Chapter 2: Trump Cards - Elements of the Deal - Enhance Your Location (1987)

"My point is that the real money isn't made in real estate by spending the top dollar to buy the best location. You can get killed doing that, just as you can get killed buying a bad location, even fo...

14 Aug 20253min

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