there is nothing more relevant than freedom an entrepreneur is someone who
freedom an entrepreneur is someone who
freedom an entrepreneur is someone who thinks differently I think you need to
thinks differently I think you need to
thinks differently I think you need to know what your limits are or what
know what your limits are or what
know what your limits are or what they’re not as I said oftentimes my head
they’re not as I said oftentimes my head
they’re not as I said oftentimes my head only works straight hello bleep nation
only works straight hello bleep nation
only works straight hello bleep nation its Evan my one word is believe and I
its Evan my one word is believe and I
its Evan my one word is believe and I believe in people more than they believe
believe in people more than they believe
believe in people more than they believe in themselves and my sincere hope is
in themselves and my sincere hope is
in themselves and my sincere hope is that if you see in yourself what I see
that if you see in yourself what I see
that if you see in yourself what I see in you you’ll be able to change the
in you you’ll be able to change the
in you you’ll be able to change the planet to help you on your journey today
planet to help you on your journey today
planet to help you on your journey today we’re going to learn from billionaire
we’re going to learn from billionaire
we’re going to learn from billionaire entrepreneur Sam Zell and my take on his
entrepreneur Sam Zell and my take on his
entrepreneur Sam Zell and my take on his top ten rules success rule number four
top ten rules success rule number four
top ten rules success rule number four is my personal favorite and I’d love to
is my personal favorite and I’d love to
is my personal favorite and I’d love to know which one you guys like the back
know which one you guys like the back
know which one you guys like the back also as you’re watching if you hear
also as you’re watching if you hear
also as you’re watching if you hear something that really resonates with you
something that really resonates with you
something that really resonates with you please leave it down in the comments
please leave it down in the comments
please leave it down in the comments below about quotes around that so other
below about quotes around that so other
below about quotes around that so other people can be inspired by it as well and
people can be inspired by it as well and
people can be inspired by it as well and if you leave it within the first couple
if you leave it within the first couple
if you leave it within the first couple hours of this video going live you have
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I’ve been getting on challenges I’ve
I’ve been getting on challenges I’ve been trying to find out how good I could
been trying to find out how good I could
been trying to find out how good I could be how well I could do it and in the end
be how well I could do it and in the end
be how well I could do it and in the end has the real benefit of being a
has the real benefit of being a
has the real benefit of being a successful entrepreneur is freedom there
successful entrepreneur is freedom there
successful entrepreneur is freedom there is nothing more relevant than freedom
is nothing more relevant than freedom
is nothing more relevant than freedom being able to get up every day and
being able to get up every day and
being able to get up every day and respond to what’s out there to accept
respond to what’s out there to accept
respond to what’s out there to accept the challenges to constantly find out
the challenges to constantly find out
the challenges to constantly find out how good you are and with it comes a lot
how good you are and with it comes a lot
how good you are and with it comes a lot of freedom an entrepreneur is someone
of freedom an entrepreneur is someone
of freedom an entrepreneur is someone who thinks differently someone who
who thinks differently someone who
who thinks differently someone who recognizes and understands opportunity
recognizes and understands opportunity
recognizes and understands opportunity but combines that recognition of
but combines that recognition of
but combines that recognition of opportunity with solutions and then in
opportunity with solutions and then in
opportunity with solutions and then in the end it’s all about curiosity
the end it’s all about curiosity
the end it’s all about curiosity I’ve never met an entrepreneur who was
I’ve never met an entrepreneur who was
I’ve never met an entrepreneur who was successful
successful
successful who wasn’t extraordinarily curious from
who wasn’t extraordinarily curious from
who wasn’t extraordinarily curious from my perspective I start every potential
my perspective I start every potential
my perspective I start every potential investment focused on what’s the
investment focused on what’s the
investment focused on what’s the downside and frankly from my opinion my
downside and frankly from my opinion my
downside and frankly from my opinion my perspective if we do a deal and we
perspective if we do a deal and we
perspective if we do a deal and we identify the downside and we’re correct
identify the downside and we’re correct
identify the downside and we’re correct then I view that as a successful
then I view that as a successful
then I view that as a successful endeavor even if the transaction didn’t
endeavor even if the transaction didn’t
endeavor even if the transaction didn’t work I think you need to know what your
work I think you need to know what your
work I think you need to know what your limits are or what they’re not I answer
limits are or what they’re not I answer
limits are or what they’re not I answer people that my whole life has always
people that my whole life has always
people that my whole life has always been about testing my limits so you
been about testing my limits so you
been about testing my limits so you almost say that the one thing is knowing
almost say that the one thing is knowing
almost say that the one thing is knowing what your limits are not so that you can
what your limits are not so that you can
what your limits are not so that you can push yourself Wow
push yourself Wow
push yourself Wow other way to put it is the definition of
other way to put it is the definition of
other way to put it is the definition of someone who’s reached his goals is he’s
someone who’s reached his goals is he’s
someone who’s reached his goals is he’s a schmuck I just spent my whole life
a schmuck I just spent my whole life
a schmuck I just spent my whole life trying to make sure that I never reach
trying to make sure that I never reach
trying to make sure that I never reach my goals I would and I keep adjusting
my goals I would and I keep adjusting
my goals I would and I keep adjusting the bar to make sure that I can never
the bar to make sure that I can never
the bar to make sure that I can never say I’m there none of this could
say I’m there none of this could
say I’m there none of this could possibly happen with our Ariel Waichman
possibly happen with our Ariel Waichman
possibly happen with our Ariel Waichman and without his basic abhorrence of
and without his basic abhorrence of
and without his basic abhorrence of conventional wisdom in many respects he
conventional wisdom in many respects he
conventional wisdom in many respects he and you both share an extraordinary
and you both share an extraordinary
and you both share an extraordinary common concept and that is neither one
common concept and that is neither one
common concept and that is neither one of you knew what you couldn’t do and by
of you knew what you couldn’t do and by
of you knew what you couldn’t do and by virtue of not knowing what you can’t do
virtue of not knowing what you can’t do
virtue of not knowing what you can’t do you just try and do it and that’s what
you just try and do it and that’s what
you just try and do it and that’s what entrepreneurship is all about first of
entrepreneurship is all about first of
entrepreneurship is all about first of all I think optimism is a condition I
all I think optimism is a condition I
all I think optimism is a condition I think you I think being optimistic is
think you I think being optimistic is
think you I think being optimistic is just a wonderful gift that unfortunately
just a wonderful gift that unfortunately
just a wonderful gift that unfortunately not everybody has and and if you are
not everybody has and and if you are
not everybody has and and if you are optimistic and you can see the silver
optimistic and you can see the silver
optimistic and you can see the silver lining rather than the black cloud I
lining rather than the black cloud I
lining rather than the black cloud I think it gives you self confidence and
think it gives you self confidence and
think it gives you self confidence and makes you a more effective player I
makes you a more effective player I
makes you a more effective player I think that more than anything else I
think that more than anything else I
think that more than anything else I have been willing to tackle almost
have been willing to tackle almost
have been willing to tackle almost anything that came down the pike ah when
anything that came down the pike ah when
anything that came down the pike ah when you think about all the businesses
you think about all the businesses
you think about all the businesses within all the different disciplines
within all the different disciplines
within all the different disciplines that we are confronted with there were a
that we are confronted with there were a
that we are confronted with there were a hundred times or I could say you know
hundred times or I could say you know
hundred times or I could say you know not me but the answer is that as opposed
not me but the answer is that as opposed
not me but the answer is that as opposed to trying to be a maven on different
to trying to be a maven on different
to trying to be a maven on different companies or different strategies
companies or different strategies
companies or different strategies I think the key has always been to
I think the key has always been to
I think the key has always been to simplify everything and never forget
simplify everything and never forget
simplify everything and never forget that the shortest distance between two
that the shortest distance between two
that the shortest distance between two points is a straight line and your job
points is a straight line and your job
points is a straight line and your job is to help people see that spring
is to help people see that spring
is to help people see that spring exactly and you know you work for me for
exactly and you know you work for me for
exactly and you know you work for me for a while and you know that I spend my
a while and you know that I spend my
a while and you know that I spend my entire day listening to my people
entire day listening to my people
entire day listening to my people pitch me ideas and it all starts with if
pitch me ideas and it all starts with if
pitch me ideas and it all starts with if you can’t tell me what you want in two
you can’t tell me what you want in two
you can’t tell me what you want in two sentences then my attention span is over
sentences then my attention span is over
sentences then my attention span is over and so I’ve got to make people just
and so I’ve got to make people just
and so I’ve got to make people just still their ideas and simplify them to a
still their ideas and simplify them to a
still their ideas and simplify them to a point where the delivery of the idea
point where the delivery of the idea
point where the delivery of the idea itself is the essence of simplicity so
itself is the essence of simplicity so
itself is the essence of simplicity so big in schools and I think they’re
big in schools and I think they’re
big in schools and I think they’re beginning to change but particularly in
beginning to change but particularly in
beginning to change but particularly in the eighties the business schools
the eighties the business schools
the eighties the business schools focused on if you could just turn the
focused on if you could just turn the
focused on if you could just turn the page there’s the formula that tells you
page there’s the formula that tells you
page there’s the formula that tells you how to do it and the answer is there are
how to do it and the answer is there are
how to do it and the answer is there are no formulas and and success and failure
no formulas and and success and failure
no formulas and and success and failure are our combination of judgment and
are our combination of judgment and
are our combination of judgment and external events but it starts and ends
external events but it starts and ends
external events but it starts and ends with a simple idea and your gut but your
with a simple idea and your gut but your
with a simple idea and your gut but your gut has played a very key role though in
gut has played a very key role though in
gut has played a very key role though in your business in your in your success I
your business in your in your success I
your business in your in your success I think that I have been willing to have
think that I have been willing to have
think that I have been willing to have an opinion and then execute accordingly
an opinion and then execute accordingly
an opinion and then execute accordingly I’m a voracious reader I mean the idea
I’m a voracious reader I mean the idea
I’m a voracious reader I mean the idea that I’m sitting up here without
that I’m sitting up here without
that I’m sitting up here without something to read is kind of against my
something to read is kind of against my
something to read is kind of against my nature and somehow or other and I can’t
nature and somehow or other and I can’t
nature and somehow or other and I can’t explain it
explain it
explain it I’ve developed the ability to read and
I’ve developed the ability to read and
I’ve developed the ability to read and quote seek out anomalies if you read as
quote seek out anomalies if you read as
quote seek out anomalies if you read as much as I do things start to follow
much as I do things start to follow
much as I do things start to follow patterns and then something peculiar
patterns and then something peculiar
patterns and then something peculiar happens and something gets entered into
happens and something gets entered into
happens and something gets entered into the equation that doesn’t fit and I was
the equation that doesn’t fit and I was
the equation that doesn’t fit and I was I gave the example about the fact that
I gave the example about the fact that
I gave the example about the fact that I’ve been reading all the stuff
I’ve been reading all the stuff
I’ve been reading all the stuff and I had numerous repetitious
and I had numerous repetitious
and I had numerous repetitious references to Williston South Dakota and
references to Williston South Dakota and
references to Williston South Dakota and I looked it up in Lewiston was 20,000
I looked it up in Lewiston was 20,000
I looked it up in Lewiston was 20,000 people and I just couldn’t figure out
people and I just couldn’t figure out
people and I just couldn’t figure out why I kept coming up
why I kept coming up
why I kept coming up in my reading and obviously the Bakken
in my reading and obviously the Bakken
in my reading and obviously the Bakken Shale and all this stuff but still I
Shale and all this stuff but still I
Shale and all this stuff but still I basically got out of a plane and went to
basically got out of a plane and went to
basically got out of a plane and went to see it and and from that that result
see it and and from that that result
see it and and from that that result you know emanated a lot of other things
you know emanated a lot of other things
you know emanated a lot of other things but that’s just kind of typical you know
but that’s just kind of typical you know
but that’s just kind of typical you know I went to Indian two or three because
I went to Indian two or three because
I went to Indian two or three because outsourcing kept coming up in my reading
outsourcing kept coming up in my reading
outsourcing kept coming up in my reading and I didn’t know any I didn’t
and I didn’t know any I didn’t
and I didn’t know any I didn’t understand it so I had to go see it
understand it so I had to go see it
understand it so I had to go see it I think philosophically I’ve always been
I think philosophically I’ve always been
I think philosophically I’ve always been someone who has to go see it I think
someone who has to go see it I think
someone who has to go see it I think that you know part of the definition of
that you know part of the definition of
that you know part of the definition of an entrepreneur is is an extraordinary
an entrepreneur is is an extraordinary
an entrepreneur is is an extraordinary observer
observer
observer I’ve never met an entrepreneur who
I’ve never met an entrepreneur who
I’ve never met an entrepreneur who wasn’t a very good observer because it’s
wasn’t a very good observer because it’s
wasn’t a very good observer because it’s those observations that all come
those observations that all come
those observations that all come together and lead to conclusions and so
together and lead to conclusions and so
together and lead to conclusions and so I try my best to be as knowledgeable as
I try my best to be as knowledgeable as
I try my best to be as knowledgeable as possible and yet try and do the best I
possible and yet try and do the best I
possible and yet try and do the best I can to not clog my capabilities with
can to not clog my capabilities with
can to not clog my capabilities with information that useless isn’t the right
information that useless isn’t the right
information that useless isn’t the right word but maybe conventional and doesn’t
word but maybe conventional and doesn’t
word but maybe conventional and doesn’t really give me a prospectus Tribune LBO
really give me a prospectus Tribune LBO
really give me a prospectus Tribune LBO which you helped lead was effectively
which you helped lead was effectively
which you helped lead was effectively they argue fraudulent because Tribune
they argue fraudulent because Tribune
they argue fraudulent because Tribune Company was already already insolvent
Company was already already insolvent
Company was already already insolvent when you took it over how you going to
when you took it over how you going to
when you took it over how you going to settle that you negotiated with it well
settle that you negotiated with it well
settle that you negotiated with it well I think the answer is that you know many
I think the answer is that you know many
I think the answer is that you know many of the bankruptcy cases have fraudulent
of the bankruptcy cases have fraudulent
of the bankruptcy cases have fraudulent conveyance arguments made most of the
conveyance arguments made most of the
conveyance arguments made most of the junior creditors in most of the
junior creditors in most of the
junior creditors in most of the scenarios will allege a fraudulent
scenarios will allege a fraudulent
scenarios will allege a fraudulent conveyance in the end it’s very
conveyance in the end it’s very
conveyance in the end it’s very difficult to prove number one number two
difficult to prove number one number two
difficult to prove number one number two in this particular case I don’t think
in this particular case I don’t think
in this particular case I don’t think it’s valid
it’s valid
it’s valid but ultimately it becomes a basis for
but ultimately it becomes a basis for
but ultimately it becomes a basis for negotiation is it an option on the table
negotiation is it an option on the table
negotiation is it an option on the table for you to to give up your warrants to
for you to to give up your warrants to
for you to to give up your warrants to by 40%
by 40%
by 40% attribution for five hundred million in
attribution for five hundred million in
attribution for five hundred million in the negotiation that an option that
the negotiation that an option that
the negotiation that an option that you’re willing to consider I don’t think
you’re willing to consider I don’t think
you’re willing to consider I don’t think that that structure and that original
that that structure and that original
that that structure and that original plan will survive the bankruptcy can we
plan will survive the bankruptcy can we
plan will survive the bankruptcy can we ask you if you regret this decision I
ask you if you regret this decision I
ask you if you regret this decision I mean is this the worst business decision
mean is this the worst business decision
mean is this the worst business decision you ever made yeah I mean I mean it’s
you ever made yeah I mean I mean it’s
you ever made yeah I mean I mean it’s certainly the most amount of money I’ve
certainly the most amount of money I’ve
certainly the most amount of money I’ve ever lost in a single deal but we had a
ever lost in a single deal but we had a
ever lost in a single deal but we had a turn back time yeah but you know if you
turn back time yeah but you know if you
turn back time yeah but you know if you could I know as you know it’s like maybe
could I know as you know it’s like maybe
could I know as you know it’s like maybe I should have married somebody else
I should have married somebody else
I should have married somebody else yeah your wife is listening no but she
yeah your wife is listening no but she
yeah your wife is listening no but she is I’m sure but the answer you know the
is I’m sure but the answer you know the
is I’m sure but the answer you know the answer is that you can’t look back as
answer is that you can’t look back as
answer is that you can’t look back as I’ve said often times my head only works
I’ve said often times my head only works
I’ve said often times my head only works straight so the answer is if we made a
straight so the answer is if we made a
straight so the answer is if we made a mistake and or didn’t work out so it
mistake and or didn’t work out so it
mistake and or didn’t work out so it didn’t worked out what happened in the
didn’t worked out what happened in the
didn’t worked out what happened in the past
past
past a in the past my head only looks for
a in the past my head only looks for
a in the past my head only looks for doesn’t turn out washes the history of
doesn’t turn out washes the history of
doesn’t turn out washes the history of the LA Times in a lot of different
the LA Times in a lot of different
the LA Times in a lot of different places
– really sorry about that
– really sorry about that but there isn’t anything that you knew
but there isn’t anything that you knew
but there isn’t anything that you knew all afternoon is addressed the future
thank you guys so much for watching I
thank you guys so much for watching I made this video because Silverman to ask
made this video because Silverman to ask
made this video because Silverman to ask me to if there’s someone you like better
me to if there’s someone you like better
me to if there’s someone you like better profile in their future top ten please
profile in their future top ten please
profile in their future top ten please check out the link down in the
check out the link down in the
check out the link down in the description below and you can cast your
description below and you can cast your
description below and you can cast your vote on who we should do next I also
vote on who we should do next I also
vote on who we should do next I also want to give a quick charter to Roberto
want to give a quick charter to Roberto
want to give a quick charter to Roberto Latini thank you so much for picking up
Latini thank you so much for picking up
Latini thank you so much for picking up a copy of my book your one word and
a copy of my book your one word and
a copy of my book your one word and taking that awesome picture and post in
taking that awesome picture and post in
taking that awesome picture and post in it it’s amazing it too that you found
it it’s amazing it too that you found
it it’s amazing it too that you found your one word outstanding as well and I
your one word outstanding as well and I
your one word outstanding as well and I hope you’re applying it to your life and
hope you’re applying it to your life and
hope you’re applying it to your life and your business to get outstanding results
your business to get outstanding results
your business to get outstanding results thank you guys again for watching I
thank you guys again for watching I
thank you guys again for watching I believe in you I hope you continue to
believe in you I hope you continue to
believe in you I hope you continue to believe in yourself and whatever your
believe in yourself and whatever your
believe in yourself and whatever your one word is much love I’ll see you soon
one word is much love I’ll see you soon
one word is much love I’ll see you soon [Music]
Angela Street
Angela Street my junior and senior year in college I
my junior and senior year in college I
my junior and senior year in college I got a job as a traveling salesman for
got a job as a traveling salesman for
got a job as a traveling salesman for Alan Curtis industries we sky sold suave
Alan Curtis industries we sky sold suave
Alan Curtis industries we sky sold suave and spraynet Endon shampoo and because I
and spraynet Endon shampoo and because I
and spraynet Endon shampoo and because I was a summer employee I got the worst
was a summer employee I got the worst
was a summer employee I got the worst account and I spent the entire summer
account and I spent the entire summer
account and I spent the entire summer having people just beat the out of
having people just beat the out of
having people just beat the out of my ID walked in I’d say hi I’m family
my ID walked in I’d say hi I’m family
my ID walked in I’d say hi I’m family Curtis and these people would just
Curtis and these people would just
Curtis and these people would just ignore me or send me down in the
ignore me or send me down in the
ignore me or send me down in the basement and basically said no all day
basement and basically said no all day
basement and basically said no all day long and what I learned from that was
long and what I learned from that was
long and what I learned from that was that I finally invented an answer when I
that I finally invented an answer when I
that I finally invented an answer when I said I am from Alan Curtis and they said
said I am from Alan Curtis and they said
said I am from Alan Curtis and they said so and I said so it gives me up the
so and I said so it gives me up the
so and I said so it gives me up the street and that and you know there is no
street and that and you know there is no
street and that and you know there is no greater lesson to be learned than
greater lesson to be learned than
greater lesson to be learned than rejection and I doubt that anybody can
rejection and I doubt that anybody can
rejection and I doubt that anybody can be a successful entrepreneur if they
be a successful entrepreneur if they
be a successful entrepreneur if they haven’t dealt with rejection and the
haven’t dealt with rejection and the
haven’t dealt with rejection and the more you deal with it the better you get
more you deal with it the better you get
more you deal with it the better you get those guys out of Wrigley Field who gets
those guys out of Wrigley Field who gets
those guys out of Wrigley Field who gets paid paid 35 million dollars a year to
paid paid 35 million dollars a year to
paid paid 35 million dollars a year to get it
get it
get it one out of three times so I only try to
one out of three times so I only try to
one out of three times so I only try to be right 60 or 70 percent of the time
be right 60 or 70 percent of the time
be right 60 or 70 percent of the time the real challenge is when you’re wrong
the real challenge is when you’re wrong
the real challenge is when you’re wrong that you’ve calibrated the risk so that
that you’ve calibrated the risk so that
that you’ve calibrated the risk so that you can survive to play the next act I
you can survive to play the next act I
you can survive to play the next act I always view myself differently I March
always view myself differently I March
always view myself differently I March to a different tune
to a different tune
to a different tune I had just installed ah–this they have
I had just installed ah–this they have
I had just installed ah–this they have you know just enormous self-confidence
you know just enormous self-confidence
you know just enormous self-confidence maybe not justified but sometimes it
maybe not justified but sometimes it
maybe not justified but sometimes it doesn’t matter because if you believe
doesn’t matter because if you believe
doesn’t matter because if you believe that’s all that comes but that’s always
that’s all that comes but that’s always
that’s all that comes but that’s always been you know part of my characteristics
been you know part of my characteristics
been you know part of my characteristics and I teach entrepreneurship I talk
and I teach entrepreneurship I talk
and I teach entrepreneurship I talk about you know how true entrepreneurs
about you know how true entrepreneurs
about you know how true entrepreneurs ultimately have this innate
ultimately have this innate
ultimately have this innate self-confidence I mean they never fail
self-confidence I mean they never fail
self-confidence I mean they never fail sometimes it doesn’t work out but they
sometimes it doesn’t work out but they
sometimes it doesn’t work out but they never fail and they you know they can
never fail and they you know they can
never fail and they you know they can get up off the floor whether it’s Sam
get up off the floor whether it’s Sam
get up off the floor whether it’s Sam Walton or Fred Smith and you know FedEx
Walton or Fred Smith and you know FedEx
Walton or Fred Smith and you know FedEx or any others they have adjusted
or any others they have adjusted
or any others they have adjusted unequivocal beliefs in their ability to
unequivocal beliefs in their ability to
unequivocal beliefs in their ability to solve problems
”
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