Almost every technology boom creates a bubble, then a bust, whether it’s railroads, the Industrial Revolution, or the late 1920s. Think about the late ‘20s: electricity, refrigeration, telephones, radios, airplanes, and cars were all emerging at once. Naturally, people wanted to invest in these miracles. The danger is that people fail to distinguish the miracle from the investment. A technology can be truly transformative, but if the stocks are priced too high or bought on debt, you get a crash. That is the mechanics behind how bubbles form and burst
Ray Dalio
@RayDalio, Founder, Bridgewater Associates
Learn to survive
the lows
Entrepreneurship is hard. You’ll get sued, lied to, stolen from, betrayed by people you trust... with no guarantee you’ll ever get anything back for it. I’ve hit plenty of lows in my career. Each time I do, I practice something a bit zany called anti-manifestation. Business is hard; it’s just a little less hard when you learn from someone else’s mistakes instead of your own
Codie Sanchez
@Codie_Sanchez, Founder, Contrarian
Sales success starts with accepting rejection
The people who become great at sales aren’t necessarily the most naturally persuasive, but rather the ones that are willing to hear “no”, often enough to get better
Robert Herjavec
Robertherjavec, Lead Shark, Shark Tank