Being an employee is a bad outcome. You want to avoid that. Being an employee is never a good outcome. That's just an opinion.
All businesses require capital, management and labor, and business executives, wanting to grow and maintain profitable enterprises, have a strong incentive to keep costs, including labor, as low as possible.
Do you want to be rich or not? Let's get focused on that, buddy
Here's how I think of my money - as soldiers - I send them out to war everyday. I want them to take prisoners and come home, so there's more of them.
The biggest mistake entrepreneurs can make is trying to do everything themselves. They usually blow up when they try. I did an inventory of every deal I've ever done and it turned out that every single deal I made money on was a partnership, and every colossal failure, where I lost millions, was something I tried to do by myself.
I'd rather invest in an entrepreneur who has failed before than one who assumes success from day one.
I do not own a single security anywhere that doesn't pay a dividend, and I formed a mutual-fund company with that very simple philosophy.
Money has no grey areas. You either make it or you lose it.
I never, ever, ever let emotion get in the way of an investment.
Filming 'The Road to Riches' was surprisingly difficult for me. I learned that going back to career successes and failures can be emotionally exhausting as you are forced to revisit the euphoric highs and painful lows in high speed.
Once in a while, I see my fellow TV investors praise a business just because they like the entrepreneur behind it. That kind of thinking might make you feel warm and fuzzy inside - but let's get back to reality.
I have met many entrepreneurs who have the passion and even the work ethic to succeed - but who are so obsessed with an idea that they don't see its obvious flaws. Think about that. If you can't even acknowledge your failures, how can you cut the rope and move on?
If I were the president of the United States, I would make unions illegal. They no longer serve a functional purpose in democracy, in my view.
A lot of people have said a lot of great things about Steve Jobs. And for good reason: he built the world's second-most valuable company, with billions in profits and products that have improved every aspect of our lives. But Steve didn't get there by being a soft, fluffy, Kumbaya-type leader.
If you put Canada into $1.5 trillion in debt and interest rates go up just 200 basis points, you cannot provide the services to 36 million people that were guaranteed to them in the social contract they have with Canada. That's a very, very scary prospect. You can't burden this economy with that much debt. The risk you take on is insurmountable. You have to assume for the next 50 years that rates don't go up? That's insane. That's irresponsible. That's stupid.
People are aware of what I stand for through television. Nobody gets rich on TV but you build brand. That's what I'm attempting to do.
I want to go to bed richer than when I woke up. The pursuit of wealth is a wonderful thing, but the thing is you have to be honest about it, you have to tell the truth.
Building fast-growing, globally competitive companies is tough.
When you bring an idea that has no merit to me, and you ask me to comment on it, I'm going to tell you it has no merit.
My worst fashion faux pas: probably orange shoes with white pants. I thought I looked spectacular.
Until Americans feel that their core asset - their homes - are stabilized, they are not going to have the animal spirits and they will continue to have less buying power.
I think a book is your calling card, your business card.
I like gold because it is a stabilizer; it is an insurance policy.
When I start something I bring my A-game - I assume I'm going to win.
Trump has been very, very open and clear on what he's going to do. He's going to make the U.S. very competitive on taxes, corporate and personal. He's eliminating policy on carbon and the regulatory environment on shale and energy and pipeline development. These are all things that Canada has to do and we no longer have a competitive environment to do them in. It manifests itself in the slow grind of our economy.
