I placed too much importance on comparing how much I had to others early on. Then I started realizing time was a far more valuable asset. When I started using money to create more time, I appreciated both more.
Interpretation
The quote emphasizes the value of time over material wealth and the importance of utilizing money to create more time.
Mark Cuban reflects on his earlier tendency to compare his achievements with others, which led to a misplaced sense of value. He later discovers that time is a more critical asset than money, and by using his financial resources wisely, he can enhance both his time and overall appreciation for life. This realization shifts his focus from competition to optimizing his life through the judicious use of his resources.
In practice
In a motivational speech about the importance of time management.
If the pitch starts with a sob story, I'm out. If the pitch talks about personal issues, I'm out. If the pitch starts off with how big the market opportunity is, I'm out. If the pitch tells me what is unique about the product, how it can make a profit, and it's an area where I have expertise, I will read on.
Leaders don't look backwards to condemn what has already been done; they look forward to create a better future.
It doesn't matter how many times you fail. You only have to be right once and then everyone can tell you that you are an overnight success.
I think you’ve got to be very, very careful when you start making blanket statements about what people say and think, as opposed to what they do. It’s a very, very slippery slope.
Creating a close connection to those you do business with has its many risks, rewards and consequences._x000D_ _x000D_ There are few things in business I have encountered that are more difficult than firing someone, particularly if that someone has always been, or has become a friend._x000D_ _x000D_ On the flip side, I have been rewarded with many friends.
I'm always afraid of failing. It's great motivation to work harder.
You enhance your chances for success when you understand that your yearning power is more important than your earning power
I'm not trying to win a popularity poll. I'm trying to win football games.
World records at 19. I don't want that. Later, yes. And when it comes, I'll learn to live with it, but it won't be my first love.
Small disciplines repeated with consistency every day lead to great achievements gained slowly over time.
To understand KKR, I always like to say, don't congratulate us when we buy a company. Any fool can buy a company. Congratulate us when we sell it and when we've done something with it and created real value.
So much for industry, my friends, and attention to one's own business; but to these we must add frugality if we would make our industry more certainly successful. A man may, if he knows not how to save as he gets, keep his nose all his life to the grindstone, and die not worth a grout at last.
Subscribe for the occasional hand-picked quote. No noise.