There is nothing more relevant than freedom.
An entrepreneur is someone who thinks differently.
I think you need to know what your limits are,
or what they are not.
As I said oftentimes, my head only works straight.
大家好 相信王国的朋友们 我是埃文
Hello, Believe Nation. It’s Evan.
My one word is ” believe ” and I believe in people
more than they believe in themselves,
and my sincere hope is that
if you see in youself what I see in you,
you’ll be able to change the planet.
So hope your new journey. Today, we’re gonna learn from billionare entrepreneur Sam Zell
and my take on his Top 10 Rules Success.
Rule number four is my personal favorite,
and l’d love to konw which one you guys like the best.
Also as you are watching, if you hear something that really resonates with you,
please leave it down in the comments below,
put quotes around it, so other people can be inspired by this as well.
And if you leave it within the first couple hours of this video going live,
you’ ll have a chance to win one of two daily prizes.
I’ve been taking on challenges;
I’ve been trying to find out
how good l could be,
how well I could do it.
And in the end, the real benefit
of being a successful entrepreneur
There is nothing more relevant than freedom.
Being able to get up everyday
and respond to what’s out there,
to accept the challenges,
to constantly find out how good you are,
and with it, comes a lot of freedom.
An entrepreneur is someone who thinks differently,
someone who recognizes and understands opportunity,
but combines that recognition of opportunity with solutions.
And then in the end, it’s all about curiosity.
I’ve never met an entrepreneur,
who was successful, who wasn’t extraordinarily curious.
From my perspective, l start every potential investment
focused on what’s the downside.
And, frankly, from my perspective,
if we do a deal and we identify the downside,
and we’re correct,
then I view that as a successful endeavor,
even if the transaction didn’t work.
I think you need to know what your limits are,
or what they’re not.
I answer people that my whole life
has always been about testing my limits.
So it’s almost say that the one thing is knowing where your limits are not,
so that you can push yourself?
Well, another way to put it is
a definition of someone who’s reached his goals,
is he’s a schmuck.
Eh.. I’ve spent my whole life
trying to make sure that I never reach my goals.
Host: I would.
I keep adjusting the bar
to make sure that I can never say,
None of this could possibly happen
with our Ariel Waichman and without his basic abhorrence of conventional wisdom
In many respects,
he and you both share an extraordinary common concept,
that is, neither one of you knew what you couldn’t do,
and by virtue of not knowing what you can’t do,
you just try and do it,
and that’s what entrepreneurship is all about.
First of all, I think optimism is a condition.
I think you I think being optimistic
is just a wonderful gift,
that unfortunately not everybody has,
and if you’re optimistic and you can see the silver lining,
rather than the black cloud.
I think it gives you self confidence,
and makes you a more effective player.
I think that
more than anything else,
I have been willing to tackle almost anything that came down the pike.
When you think about all the businesses within,
all the different disciplines,
that we are confronted with.
有无数次我可以说 你知道的 不是我
There were a hundred times when I could say, you know, not me.
but the answer is that,
as opposed to trying to be a maven,
on different companies or different strategies.
I think the key has always been
to simplify everything,
and never forget that the shortest distance between two points is a straight line.
-And your job is to help people see that straight line?-Exactly.
And you know, you work for me for a while,
you know that I spend my entire day
listening to my people, pitch me ideas.
And it all starts with if you can’t tell me what you want in two sentences,
then my attention span is over,
and so I’ve got to make people distil their ideas,
and simplify them to a point,
where the delivery of the idea itself
is the essence of simplicity.
The business schools, and I think they’re beginning to change,
but particularly in the eighties, the business schools
focused on if you could just turn the page,
there’s the formula that tells you how to do it,
and the answer is there are no formulas,
and success and failure are our combination of judgment and external events,
but it starts and ends with a simple idea.
And your gut, but your gut has played a very key role though in your business and in your success.
I think that I have been willing to have an opinion,
and then execute accordingly.
I’m a voracious reader.
Uh… I mean
the idea that I’m sitting up here without something to read,
is kind of against my nature.
And somehow or other and I can’t explain it.
I’ve developed the ability to
read and quote, seek out anomalies.
If you read as much as I do,
things start to follow patterns,
and then something peculiar happens,
and something gets entered into the equation,
that doesn’t fit and I was… I gave the example
about the fact that I’ve been reading all the stuff,
and I had numerous repetitious references
to Williston South Dakota and
and I looked it up: in Williston was 20,000 people,
and I just couldn’t figure out why it kept coming up in my reading,
and obviously the Bakken Shale and all this stuff,
but still I basically got on a plane and went to see it,
and from that result you know emanated a lot of other things, but
that’s just kind of typical.
You know, I went to Indian two or three
because outsourcing kept coming up in my reading.
I didn’t know any… I didn’t understand it, so I had to go to see it.
I think philosophically,
I’ve always been someone who has to go to see it,
I think that you know part of the definition of an entrepreneur
is an extraordinary observer.
I’ve never met an entrepreneur
who wasn’t a very good observer,
because it’s those observations that all come together and
lead to conclusions,
and so I try my best
to be as knowledgeable as possible,
and yet try and do the best I can to
not clog my capabilities
with information that- useless isn’t the right word-
but maybe conventional and doesn’t really give me a perspective.
Tribune LBO, which you helped lead, was effectively they argue fraudulent because
Tribune Company was already insolvent.
When you took it over,
how you going to settle that? You negotiated with it?
Well, I think the answer is that,
you know, many of the bankruptcy cases have fraudulent conveyance,
Most of the junior creditors in most of the scenarios
will allege a fraudulent conveyance,
in the end, it’s very difficult to prove
number one, number two…
In this particular case, I don’t think it’s valid,
but ultimately it becomes a basis for negotiation.
Is it an option on the table for you to…
to give up your warrants to buy 40% of Tribune for 500 million,
in the negotiation that an option that you’re willing to consider?
I don’t think that that
structure and that original plan
will survive the bankruptcy.
Can we ask you if you regret this decision?
I mean, this is the worst business decision you ever made.
Yeah. I mean it’s certainly the most amount of money I’ve ever lost in a single deal,
but we had a turn back time.
Yeah, but you know if you could right now,
it’s like maybe I should have married somebody else.
-Your wife is listening.-She is, I’m sure, but the answer you know,
the answer is that you can’t look back.
As I’ve said oftentimes,
my head only works straight,
so the answer is if we made a mistake and
or didn’t work out, so it didn’t worked out.
What happened in the past, they can pass.
My head only looks forward. It doesn’t turn backward.
Why I should wash the history of the LA Times, in a lot of different places?
I’m really sorry about the past.
but there isn’t anything that I can do about it.
All I could do is address the future.
Thank you, guys so much for watching.
I made this video because Silver Mint asked me to,
If there’s someone you like better profile in their future top ten,
please check out the link down in the description below
and you can cast your vote on who we should do next.
I also want to give a quick shot tutto:Roberto Latini
thank you so much for picking up a copy of my book Your One Word,
and taking that awesome picture and posting it.
It’s amazing as you say that you found your one word “outstanding ” as well,
and I hope you’re applying it to your life and your business to get outstanding results.
Thank you guys again for watching.
我相信你 希望你继续相信自己 不管
I believe in you, and I hope you continue to believe in yourself and whatever your one word is…
你们生命的字是什么 我都爱你们 我会很快和大家再见
Much love❤. I’ll see you soon.
It was between my junior and senior year in college,
I got a job as a traveling salesman,
for Alan Curtis industries.
We straight sold swarf and spray
and then shampoo, and because I was a summer employee,
I got the worst account, and
I spent the entire summer
having people just beat the shit out of me.
I’d walked in, I’d say ‘hi, I’m from Alan Curtis’ and
and these people would just ignore me,
or send me down in the basement,
and basically said ‘no’ all day long,
and what I learned from that was that
I finally invented an answer
when I said ‘Hi, I am from Alan Curtis’
and they said ‘so?’ and I said so it gives me up the street
and you know,
there is no greater lesson to be learned than rejection.
And I doubt that anybody can be a successful entrepreneur,
if they haven’t dealt with rejection.
And the more you deal with it, the better you get.
Those guys out of Wrigley Field,
who gets paid 35 million dollars a year to,
to get a hit one out of three times,
so I only try to be right 60 or 70 percent of the time,
the real challenge is when you’re wrong,
that you’ve calibrated the risk so that you can survive to play the next act.
I always view myself differently,
I march to a different tune;
I had just installed ah–this, they have,
这些 你知道的 增长自信甚至膨胀
you know, just enormous self-confidence, maybe not justified
but sometimes it doesn’t matter,
because if you believe that’s all that comes,
这也一直是 嗯 我教领导力的时候
but that’s always been, you know, part of my characteristics when I teach entrepreneurship.
I talk about, you know,
how true entrepreneurs ultimately have this innate self-confidence
他们从不失败 有时没成功 但绝不被打败
I mean they never fail – sometimes it doesn’t work out – but they never fail
他们 你知道的 白手起家 不管是Sam Walton还是
and they, you know, they can get up off the floor, whether it’s Sam Walton, or
Fred Smith 你知道的 FedEx和他们调整过的其他公司
Fred Smith, and you know, FedEx or any others they have
adjusted unequivocal beliefs in their ability to solve problems.
乐观给你自信：Sam Zell 10条成功原理