good morning believe nation today’s message is be confident over to you Bill
message is be confident over to you Bill
message is be confident over to you Bill Ackman the best investments are the ones
Ackman the best investments are the ones
Ackman the best investments are the ones where we are the confident we’re right
where we are the confident we’re right
where we are the confident we’re right and everyone else is wrong okay and you
and everyone else is wrong okay and you
and everyone else is wrong okay and you have to in order to be you know I’ve
have to in order to be you know I’ve
have to in order to be you know I’ve been accused recently of being arrogant
been accused recently of being arrogant
been accused recently of being arrogant among the only thing I know I’m gonna
among the only thing I know I’m gonna
among the only thing I know I’m gonna actually ask you that it was called it
actually ask you that it was called it
actually ask you that it was called it was pompous but that’s okay
was pompous but that’s okay
was pompous but that’s okay pompous I don’t think I’m pompous but if
pompous I don’t think I’m pompous but if
pompous I don’t think I’m pompous but if it certainly been accused of being
it certainly been accused of being
it certainly been accused of being arrogant and there’s a difference
arrogant and there’s a difference
arrogant and there’s a difference between arrogance and confidence yeah if
between arrogance and confidence yeah if
between arrogance and confidence yeah if you’re arrogant and investing you’re
you’re arrogant and investing you’re
you’re arrogant and investing you’re gonna get killed all right if you’re not
gonna get killed all right if you’re not
gonna get killed all right if you’re not confident you’ll never make an
confident you’ll never make an
confident you’ll never make an investment all right so you have to do
investment all right so you have to do
investment all right so you have to do in a sufficient amount of work to be
in a sufficient amount of work to be
in a sufficient amount of work to be confident enough to have a conviction
confident enough to have a conviction
confident enough to have a conviction do something that’s contrarian right we
do something that’s contrarian right we
do something that’s contrarian right we bought the stock of a a soon to be
bought the stock of a a soon to be
bought the stock of a a soon to be bankrupt retailer I’m sorry a shopping
bankrupt retailer I’m sorry a shopping
bankrupt retailer I’m sorry a shopping mall company during the financial crisis
mall company during the financial crisis
mall company during the financial crisis at pennies per share you have to be
at pennies per share you have to be
at pennies per share you have to be willing to look silly when you do
willing to look silly when you do
willing to look silly when you do something like that
something like that
something like that general grow stocks up 90 fold since our
general grow stocks up 90 fold since our
general grow stocks up 90 fold since our original investment you know on that’s
original investment you know on that’s
original investment you know on that’s we had confidence maybe we’ll flow as
we had confidence maybe we’ll flow as
we had confidence maybe we’ll flow as arrogant to believe that we could be
arrogant to believe that we could be
arrogant to believe that we could be successful in turning around but you
successful in turning around but you
successful in turning around but you also have to be humble I think
also have to be humble I think
also have to be humble I think entrepreneurs need to be confident I
entrepreneurs need to be confident I
entrepreneurs need to be confident I think most entrepreneurs are confident
think most entrepreneurs are confident
think most entrepreneurs are confident but we have we have these nagging voices
but we have we have these nagging voices
but we have we have these nagging voices in our head that sometimes tell us you
in our head that sometimes tell us you
in our head that sometimes tell us you can’t do this you won’t be successful
can’t do this you won’t be successful
can’t do this you won’t be successful you’ll never reach that big goal that
you’ll never reach that big goal that
you’ll never reach that big goal that you have and I think you have to have
you have and I think you have to have
you have and I think you have to have confidence as an entrepreneur because
confidence as an entrepreneur because
confidence as an entrepreneur because you’re gonna have people around you
you’re gonna have people around you
you’re gonna have people around you telling you that you’re crazy that
telling you that you’re crazy that
telling you that you’re crazy that you’re stupid that you have a vision of
you’re stupid that you have a vision of
you’re stupid that you have a vision of the world that doesn’t yet exist and
the world that doesn’t yet exist and
the world that doesn’t yet exist and you’re gonna grow and be the one that
you’re gonna grow and be the one that
you’re gonna grow and be the one that created and most people can’t see it
created and most people can’t see it
created and most people can’t see it because it’s not logical because you’re
because it’s not logical because you’re
because it’s not logical because you’re leading with your heart and not your
leading with your heart and not your
leading with your heart and not your head and so it’s hard for people to
head and so it’s hard for people to
head and so it’s hard for people to understand that and they’re gonna be
understand that and they’re gonna be
understand that and they’re gonna be critical a lot of people gonna be
critical a lot of people gonna be
critical a lot of people gonna be jealous of you too right you’re off
jealous of you too right you’re off
jealous of you too right you’re off doing this crazy thing and you’re off
doing this crazy thing and you’re off
doing this crazy thing and you’re off living your jeans well they’re stuck in
living your jeans well they’re stuck in
living your jeans well they’re stuck in some dead-end job that they don’t want
some dead-end job that they don’t want
some dead-end job that they don’t want to be part of so you’re gonna get lots
to be part of so you’re gonna get lots
to be part of so you’re gonna get lots of criticism put on you and to keep
of criticism put on you and to keep
of criticism put on you and to keep going you have to have confidence that
going you have to have confidence that
going you have to have confidence that it’s gonna work out and it’s really
it’s gonna work out and it’s really
it’s gonna work out and it’s really tough at the start as an entrepreneur
tough at the start as an entrepreneur
tough at the start as an entrepreneur because you’re gonna make mistakes
because you’re gonna make mistakes
because you’re gonna make mistakes because you don’t know what you’re doing
because you don’t know what you’re doing
because you don’t know what you’re doing because you know you don’t have it all
because you know you don’t have it all
because you know you don’t have it all worked out there are tons of holes in
worked out there are tons of holes in
worked out there are tons of holes in your business plan but you go forward
your business plan but you go forward
your business plan but you go forward anyway and you have confidence that it’s
anyway and you have confidence that it’s
anyway and you have confidence that it’s going to work out and that you’ll you’ll
going to work out and that you’ll you’ll
going to work out and that you’ll you’ll find their staircase as you start to
find their staircase as you start to
find their staircase as you start to walk that’s part of being an
walk that’s part of being an
walk that’s part of being an entrepreneur you know by the time you
entrepreneur you know by the time you
entrepreneur you know by the time you have all the information it’s too late
have all the information it’s too late
have all the information it’s too late to seize an opportunity so you have to
to seize an opportunity so you have to
to seize an opportunity so you have to get going and start even though you
get going and start even though you
get going and start even though you don’t quite know how you’re gonna get
don’t quite know how you’re gonna get
don’t quite know how you’re gonna get there you know the why but you don’t
there you know the why but you don’t
there you know the why but you don’t know the how yet and for those of you
know the how yet and for those of you
know the how yet and for those of you who don’t have the high level of
who don’t have the high level of
who don’t have the high level of confidence it’s not something that just
confidence it’s not something that just
confidence it’s not something that just happens overnight it’s not just some
happens overnight it’s not just some
happens overnight it’s not just some confidence switch that you can turn on
confidence switch that you can turn on
confidence switch that you can turn on confidence comes through a series of
confidence comes through a series of
confidence comes through a series of actions where you’re pushing yourself
actions where you’re pushing yourself
actions where you’re pushing yourself right so the opposite of confidence if
right so the opposite of confidence if
right so the opposite of confidence if you’re nervous or if you’re scared and
you’re nervous or if you’re scared and
you’re nervous or if you’re scared and you don’t take action right you you
you don’t take action right you you
you don’t take action right you you shrink down instead of rise up to the
shrink down instead of rise up to the
shrink down instead of rise up to the occasion and so anytime that you feel
occasion and so anytime that you feel
occasion and so anytime that you feel yourself shrinking down and being afraid
yourself shrinking down and being afraid
yourself shrinking down and being afraid and being scared and not doing the thing
and being scared and not doing the thing
and being scared and not doing the thing that you feel like you should do but you
that you feel like you should do but you
that you feel like you should do but you don’t do it every time you were in that
don’t do it every time you were in that
don’t do it every time you were in that situation you say yes you build more
situation you say yes you build more
situation you say yes you build more confidence if you could take some big
confidence if you could take some big
confidence if you could take some big project that looks super big and super
project that looks super big and super
project that looks super big and super scary you break it down to the smallest
scary you break it down to the smallest
scary you break it down to the smallest component and just do that then you can
component and just do that then you can
component and just do that then you can get to the next step and you can get to
get to the next step and you can get to
get to the next step and you can get to the next step you can take get to the
the next step you can take get to the
the next step you can take get to the next step and doing that again is easy
next step and doing that again is easy
next step and doing that again is easy because you’ve done it before and so you
because you’ve done it before and so you
because you’ve done it before and so you have the confidence to then expand the
have the confidence to then expand the
have the confidence to then expand the circle every step along the way and so
circle every step along the way and so
circle every step along the way and so it’s not just something that you turn on
it’s not just something that you turn on
it’s not just something that you turn on but get into the habit of pushing
but get into the habit of pushing
but get into the habit of pushing yourself outside of your comfort zone
yourself outside of your comfort zone
yourself outside of your comfort zone stretching a little bit more every
stretching a little bit more every
stretching a little bit more every single time and soon people look at you
single time and soon people look at you
single time and soon people look at you is this super confident person but
is this super confident person but
is this super confident person but really all you’ve done is said yes and
really all you’ve done is said yes and
really all you’ve done is said yes and yes and yes and yes every time you were
yes and yes and yes every time you were
yes and yes and yes every time you were faced with a difficult decision so the
faced with a difficult decision so the
faced with a difficult decision so the question today today is how are you
question today today is how are you
question today today is how are you building your confidence leave it in the
building your confidence leave it in the
building your confidence leave it in the comments below and I’ll join the
comments below and I’ll join the
comments below and I’ll join the discussion thank you so much for
discussion thank you so much for
discussion thank you so much for watching have an amazing day continue to
watching have an amazing day continue to
watching have an amazing day continue to believe I’ll see you again tomorrow
believe I’ll see you again tomorrow
believe I’ll see you again tomorrow morning for another shot of interesting
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