Lessons learned::

- don't let personal preferences affect your business judgment

- never waste (yours or someone else's) time, go straight to the point; keep things brief

- think of second order consequences and incentives

- cultivate the courage to speak up your convictions even when it may be unpopular

- protect your time

- "keep as many options open" as you can

- think "Right Price" and "Cash Flow"

- cultivate the ability to see through the essence of a deal as fast as possible

- on loyalty: "I’m loyal to people who’ve done good work for me."

- listen to your gut : "I hear Lee and his guys out on their deal, but in truth, it doesn’t excite me much. We leave it that I’ll get back to them." & "Larry’s both a bright and a nice guy, and he’s very enthusiastic, but he doesn’t convince me."

- on Calvin Klein's success: "he's a very talented designer, but he’s also a very good salesman and businessman—and it’s the combination of those qualities that makes him so successful."

- on responding to fake news: "The way I see it, critics get to say what they want to about my work, so why shouldn’t I be able to say what I want to about theirs?"

#trump #lessons #artofthedeal

lessons learned:

- @realDonaldTrump was respected by top Wall Street CEOs already in the 1980s

- be a good judge of character & potential; bet on winners and good people

- be generous with your gifts; skillset, network

- be tough when necessary: "the fact is that if you’re right, you’ve got to take a stand, or people will walk all over you."

- "I don’t hold it against people that they have opposed me. I’m just looking to hire the best talent, wherever I can find it."

- going out for lunch is "mostly" a waste of time

- Trump was already very acquainted with the law system already, with his late sister Maryanne Trump Barry, being a federal court judge in New Jersey

- Trump was already exposed to high stakes interactions with foreign governments and getting things done internationally

- Trump always made time for his family: "I always take calls from my kids, no matter what I’m doing. I have two others and as they get older, being a father gets easier. I adore them all"

Lessons:

- keep your schedule flexible

- keep your meetings short & to the point

- strive for a high a level of input & output

- "plan for the future by focusing on the present"

Hey guys, welcome to the Real Donald Trump Wisdom podcast.

Donald Trump needs no introduction.

He served as the 45th President of the United States and at the time of this recording is soon to be sworn-in as the 47th President of the USA.

In this podcast, we will explore the tools, techniques, and mindsets that built Donald Trump’s acumen in business, media, social, and personal life.

He has without a doubt achieved what few others have in their lifetimes and we can all learn from his accomplishments.

Through his many published writings, we will explore his career and tie it with key lessons learned.

I hope you enjoy the podcast and stay tuned.

Cheers.