Patrick Bet-David Quotes

Investment Time Return (ITR) is a tool that becomes more valuable the more you use

A phrase I use all the time is future truth. It means to live in the present as if your future truth has already become a reality.

I realized that for IBM to become a great company it would have to act like a great company long before it ever became one.

When you’ve decided what your best life looks like and execute that vision, you won’t be envious.

it’s foolish to believe you can win at somebody else’s game.

Any entrepreneur who wants to stay sane needs to let go of the silly notion that challenges are scary. Challenges never stop coming, so you’d better learn to love them and thrive on them. Every struggle is an opportunity to grow and improve.

If you always make the right decision, the safe decision, the one most people make, you will be the same as everyone else.

"Senna once said in an now famous interview, "Being a racing driver means you are racing with other peeople and if you no longer go for a [pass] that exists, you are no longer a racing driver because we are competing - - competing to win and the main motivation for all of us is to compete for victory, not to come finish 3rd, 4th, 5th or 6th.

IT projects almost always take longer and cost more money than you expect. You need to err on the conservative side when making your time and cost assumptions.

Set Your Lions Free, and Empower Them to Build Empires The philosopher Ludwig Wittgenstein said, “If a lion could speak, we could not understand him.” You have to learn how to deal with lions (standout performers). Lions build empires, and they lead people. They’re also going to provide the most revenue and the most headaches. They’re demanding and short-fused. At times, it may seem as though they have no feelings. Many are disorganized and seem to be all over the place.

You want to choose a path that puts the odds of winning in your favor; in poker, it’s called game selection. What determines if you win in any game (or business) isn’t how good you are; it’s how good you are relative to your competition. That’s why it’s so important to know your own strengths and weaknesses and find a market in which you have an inherent advantage.

The only thing separating us from greatness is a vision and a plan for achieving greatness. When you’re fighting for a cause, a dream, something greater than yourself, you will find the enthusiasm, passion, and joy that make life a great adventure. The key is identifying your cause and knowing who you want to be.

Roger Banister said his 4:03.6 mile in 1953 “made [him] realize that the four-minute mile was not out of reach.” Part of daring to achieve the impossible is letting failure motivate you rather than discourage you.

No matter how brilliant your mind or strategy, if you’re playing a solo game, you’ll always lose out to a team. — Reid Hoffman, cofounder of LinkedIn

Last, keep that chart of what drives people close by. Remember that everyone is motivated by different things and that your job as a leader is not to drive them (or, worse, fix them), it’s to understand