Life Lessons
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Once when I was in college the strangest thing happened. In my sophomore year my girlfriend’s best friend was struck by lightning when she was walking out of the dorms one day. The girl was taken by an ambulance to a hospital, where she spent a...
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The Tight Spot Several years ago, I was running a company I thought would soon have thousands of employees. Things were going exceptionally well and I was enjoying myself and my job in all respects. Anticipating continued expansion, I started purchasing...
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A few years ago I was sitting in my office when I got call from a guy named Elliot Bisnow. Mr. Bisnow told me about a conference that many important people would be attending. “We stand for the New Generation!” he told me. The people who’d be attending...
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When I was 18-years old I started an asphalt sealing business. My second asphalt sealing job was for the Chief Financial Officer of a Fortune 100 company. He lived on a giant hill in a tony suburb outside of Detroit. When I went door-to-door selling my...
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I recently knew someone who lost their house to a bank because they could no longer afford to make the payments. They had taken out a mortgage years previously that was just interest payments. At some point, the mortgage became interest plus principal...
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The dissolution of Heller Ehrman is an event that makes me quite sad. The September 2008 article in The Wall Street Journal stated one reason for the dissolution was that several major cases the firm had been working on were settled, and therefore the...
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Around six months ago, I was going to meet with an important investment banker in Los Angeles. It was not an ordinary bank-type office because it was located high in a skyscraper, and was full of wood paneling, dark fabrics, oriental rugs–and there...
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I grew up in a suburb of Detroit and went to school with several kids whose parents were in the Detroit Mafia. I would name them, but to be completely honest, I’m afraid I might turn up dead if I did. I don’t want to upset these people with...
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Two of the most important core components of my belief system are (1) having access to as much information as possible in order to make decisions and (2) dealing with people whom I trust. I think that trust and access to information, more than anything,...
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Robin Williams grew up a few miles from where my father grew up, and he is about 10 years younger than my father. Both my grandparents and Williams’ parents were prominent, well-known members of the same community. Strangely, Williams looks very, very...
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