The Resilient Mind How Billionaires Think - Tilman Fertittia
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Dec 13, 2024 Tilman Fertitta, a prominent entrepreneur and owner of the Houston Rockets, shares his journey through financial hardships and the vital lessons learned. He emphasizes persistence and resilience as keys to navigating tough times. Fertitta discusses the importance of continuous learning and strategic decision-making in achieving success. He highlights the critical components of evaluating business success and the significance of maintaining high standards. Drawing parallels between business and sports, he showcases how ambition and leadership drive fulfillment in both realms.
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Surviving the Recession
- Tilman Fertitta survived the tough recession of the late 80s by persevering even when facing bankruptcy.
- Every bank he worked with failed before he did, giving him a reprieve that allowed him to rebuild and repay his debts.
Keep Punching
- Keep persevering even when times are tough and remember that things will eventually improve.
- Don't become complacent during good times, always be prepared for potential downturns ("the paddle").
Know Your Strengths
- Tilman Fertitta is fearless in business but worries about everything, understanding his strengths and weaknesses.
- He focuses on what he knows, conducting thorough due diligence, rather than venturing into unfamiliar areas.