Tuesday at Trump Tower (1987)

Lessons learned:

- don't let personal preferences affect your business judgment

- never waste (yours or someone else's) time, go straight to the point; keep things brief

- think of second order consequences and incentives

- cultivate the courage to speak up your convictions even when it may be unpopular

- protect your time

- "keep as many options open" as you can

- think "Right Price" and "Cash Flow"

- cultivate the ability to see through the essence of a deal as fast as possible

- on loyalty: "I’m loyal to people who’ve done good work for me."

- listen to your gut : "I hear Lee and his guys out on their deal, but in truth, it doesn’t excite me much. We leave it that I’ll get back to them." & "Larry’s both a bright and a nice guy, and he’s very enthusiastic, but he doesn’t convince me."

- on Calvin Klein's success: "he's a very talented designer, but he’s also a very good salesman and businessman—and it’s the combination of those qualities that makes him so successful."

- on responding to fake news: "The way I see it, critics get to say what they want to about my work, so why shouldn’t I be able to say what I want to about theirs?"

#trump #lessons #artofthedeal