Questions and Answers
What does the author mean by 'thinking big'?
What location did the author aspire to work in as he grew older?
What is a key trait of highly successful entrepreneurs mentioned by the author?
Why does the author find building a hotel next to a casino more appealing?
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How does the author view other people’s fear of success?
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What does the author mean by 'the same sort of challenge' in relation to Atlantic City?
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What does the phrase 'order of magnitude' imply about the author's view on earnings?
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Which of the following best describes the author's attitude towards success?
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Study Notes
Thinking Big
- Emphasizes the importance of thinking big over small, as most people’s fear of success limits their potential.
- Personal background includes growing up in a family involved in low and middle-income building projects in Brooklyn and Queens.
- Early aspirations included targeting prime locations, demonstrated by a preference for Forest Hills initially and later recognizing Manhattan as a greater opportunity.
- Motivation extends beyond financial success to making a significant impact through monumental projects.
- Aimed to undertake ambitious projects such as large-scale developments on the West Side of Manhattan and a transformative hotel next to Grand Central Station.
- Recognizes that combining a hotel with a casino generates exponentially higher returns compared to traditional hotel operations.
Keys to Success
- Attributes total focus and an obsessive drive as essential traits for thinking big and achieving success.
- Describes this focus as a "controlled neurosis" that propels entrepreneurs forward, enhancing their dedication to work.
- Highlights the competitive nature of New York real estate, where deal-making involves complex, high-stakes negotiations with formidable opponents.
- Personal enjoyment derived from competing and succeeding against the best in the industry, reinforcing a mindset geared towards challenge and victory.
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Description
This quiz explores the concept of thinking big, as emphasized by influential figures. It challenges you to reflect on your mindset towards success and decision-making. Dive into questions that motivate you to expand your horizons and embrace greater ambitions.
