Contrarian

Do the arithmetic yourself before you ask anyone which way to jump.

Hell, bet on it. I mortgaged everything I had more than once, the Braves, CNN, the MGM library that damn near buried me, and the…

Look, I bet big my whole life, but here's the rule I never broke.

I never bet, and I never went hungry either. Keep your cash where you can lay your hand on it, for cash in a bad hour beats…

I borrowed ten thousand dollars in 1939 to buy every stock under a dollar while the world marched to war, so I will not counsel…

The question isn't safe versus risky, it's whether you know a secret.

Wrong question. First tell me how much you can lose and whether you can live with it, because I never ask about upside until I've…

Let me break this down at a first-principles level. The question isn't safe versus bold, it's what's the actual cost of being…

Read everything first. Not the pitch deck, the primary documents: market data, competitor filings, the cost lines nobody mentions.

You want permission, not analysis. I will not give you either until you have done the reading.

First question, always: what does it cost? Not the dream, the idea.

Wrong question. Your big idea is probably a lottery ticket, and lottery tickets don't feed families.