Jay taught me to use simplicity as a strategy. He had an un… - Sam Zell

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Jay taught me to use simplicity as a strategy. He had an uncanny ability to grasp an extremely complex situation and immediately locate the weakness. He always said that if there were twelve steps in a deal, the whole thing depended on just one of them. The others would either work themselves out or were less important.

Sam Zell

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Warren Buffett Andy Kessler Josh Kaufman Michael Lewis Benjamin Graham

Additional quotes by Sam Zell

Many large private equity firms were interested in acquiring such strong brands — which is why I initially bowed out. A bidding war virtually guaranteed a higher sales price, so even if I won, I wouldn’t get paid well enough to invest my time and best talent in the company. I don’t like auctions, unless of course I’m running them.

I have always believed that every day you choose to hold an asset, you are also choosing to buy it. Would I buy our buildings at the price Blackstone was quoting? Nope.

My point was that when it was all said and done, it didn’t matter how smart you were if you didn’t have staying power, if you weren’t able to hang on to your assets.

Jay taught me to use simplicity as a strategy. He had an uncanny ability to grasp an extremely complex situation and immediately locate the weakness.… - Sam Zell

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