Vladimir Potanin Quotes

I spend 90 percent of my time saying no, and my accountant yells at me for it, but when I started in this business, I wanted my career to have legs.

Many businesses fail because the owner wasn't willing to invest and wasn't educated on the difference between spending money frivolously and investing money into the business for growth, and the risks and rewards of that cash infusion.

The biggest thrill wasn't in winning on Sunday but in meeting the payroll on Monday.

I don't think you should ever start a business and move in a direction where you can't see it becoming a business.

It'd be nice to make lots of money but it's quite difficult, because every time I make lots of money I make a bigger piece that costs lots of money.

There's the concept that if I do this big budget project, then that will help me do the things I really want to do and bring more money to those films.

If you're not a risk taker, you should get the hell out of business.

The way to become rich is to put all your eggs in one basket and then watch that basket.

I never had money; I like nice things, but I don't let that run my life. At the same time, I have to let something drive me... so now I let the money drive me.

My goal in the beginning was to buy my mother a house. Now I realize, okay, if I really focus and become a key player in business, then I can build an empire.

I ended up buying a restaurant. Already we had invested in a gas station and a metal products plant.

Ideally, it would be nice if you could earn enough money to kick on from boxing and use the finances to start a business. Realistically, that doesn't happen.

One method of staying ahead of rising asset prices and the declining dollar is to think bigger and come up with better plans. As important as financial and business planning is a plan for personal development and self-improvement. I'm often asked to invest in people's business plans, and one of the reasons I turn many of them down is because a big plan requires a big person who's spent time on personal development. In a lot of cases, a business plan is far bigger than the person with the plan - that is, the dream is bigger than the dreamer.

I don't take investment advice from wealth managers. I have grown several businesses from scratch and amassed many millions from my publishing empire - why would I take advice from someone who has never experienced that?

Well, I think that there's a very thin dividing line between success and failure. And I think if you start a business without financial backing, you're likely to go the wrong side of that dividing line.

Finding good partners is the key to success in anything: in business, in marriage and, especially, in investing.

Talk to successful entrepreneurs. Learn about what they've experienced so you can avoid some of the pitfalls that come with wealth.

I already have enough apparel businesses that are either doing well or not really doing anything at all, and I'm looking to broaden my portfolio.

The trick is to make sure you don't die waiting for prosperity to come.

When you start a business, go for the lowest hanging fruit.

History has proven time and again that downturns are the best time to invest in new start-ups. You get good deals and find a better environment for start-ups to grow.

Money demands that you sell, not your weakness to men's stupidity, but your talent to their reason.

My business life is really simple. It's like, get check. Put check in bank. Pay rent. I've never bought a stock in my life. I never got caught up in that trip. And the truth is, I don't obsess about money ever.

My first business deal was with my mother. I invested in chickens. I sold the eggs to my mother.

If there is anything I would do differently in my life, it is that I would study business more. I'm trying to teach my daughter Chloe at an early age about investing and money so she's not afraid of it.