#367 Inside the Contrarian Mind of Sam Zell

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Key Takeaways

• Some failure is inevitable; learn from it, do not beat yourself up over it, and keep moving forward
• Business is not a battle to be waged; it is a puzzle to be solved
• True entrepreneurs never fail; sometimes the business venture doesn’t work out for them, but they never fail
• Go to where it is less crowded; there is no substitute for limited competition
• Be someone that people make money with
• Have a long-term view and do not sacrifice your ability to do future deals by burning bridges to close the current one
• If you love what you do, then you will get really good at it and do it for a long time;money will come as a result
• The true test of an entrepreneur is someone who spends his life constantly testing his limits
• “Fear and courage are cousins – and very closely related.” – Sam Zell

Read the full notes @ podcastnotes.org

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What I learned from reading Money Talks, Bullsh*t Walks: Inside the Contrarian Mind of Billionaire Mogul Sam Zell by Ben Johnson.

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