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The bottom line: All of your investing decisions should be grounded in your own investment policy statement. By taking a top-down look at your finances and writing out a road map, your policy statement will add an important element of discipline to your approach.

Lewis Schiff

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Lewis Schiff
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More quotes by Lewis Schiff

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The disruption caused by globalization and technology (what Tom Friedman calls hyperconnectedness) will be around for the rest of our professional lives.
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During that time, I began writing and designing the propaganda that we distributed to the students who we were trying to convince to join us.
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I would have to say that my mother's entrepreneurial perspective, and that of her father's, are very evident in my own outlook.
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In companies, there are three activities that should be labeled better. First there is the CORE which is the thing the company does that its customers pay it to do.
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Still, it formed one of my basic beliefs about success which is this: most of the time, success can be measured in terms of how much more than others you have of something that's in short supply. This includes money, reputation, respect, etc.
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The work I'm doing today gets me one step closer to the work I should be doing tomorrow. And that the way I learn this is by trying, failing, networking and experimenting. I'll stop doing that when I'm dead.
Lewis Schiff
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Apple makes computers and they have to be great at providing the product they promised every individual who wants to purchase from them. This is where they should spend the bulk of their energy.
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The problem is not the sentiment, it's the execution. When a company makes a mistake, the individual benefits because they've learned how NOT to do something while the institution had to pay for the mistake.
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I've got better things to do than to find my individuality in that particular area. But if it's important to me, I've got to seek my own path.
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Harkening back to a story about my grandfather, I was lucky to attend a great high school in New York, Bronx High School of Science, which has produced more Nobel prize winners than any other high school in America.
Lewis Schiff
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I grew up in a modern business environment and did not experience the kind of prejudice that my mother and grandfather experienced.
Lewis Schiff
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My fighting spirit has often seemed out of place.
Lewis Schiff
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One of the things all entrepreneurs struggle with is where their efforts will have the highest impact. Unfortunately, too many of us continue to do the very same things that led to our initial success because we're good at it and we've created and invested in systems to support them
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By the time I entered this prestigious high school, my interest in formal education had already been exhausted.
Lewis Schiff
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I believe that only a subset of us is meant to lead. The rest want to follow.
Lewis Schiff
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Because I work with entrepreneurs who own businesses, I have found Doug Tatum's No Man's Land to be a really helpful body of working knowledge. It's very applicable to most businesses that have the usual problems of growing businesses - managing people, capital, markets, etc.
Lewis Schiff
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I also believe that at a critical point (more than six people?), that collective wisdom turns into group think.
Lewis Schiff
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Apple made tools that helped people express their creativity and Steve Jobs knew that so he told that story well. But Facebook makes tools that help people connect and Mark Zuckerberg is hardly a story-teller. Nevertheless, he's become a leader because his products do such a good job of solving a problem.
Lewis Schiff
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One of the easiest ways to solve your problems is to look at how others have solved a similar problem. So, in this regard, we are using the same thinking of others.
Lewis Schiff
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I did in fact take a couple of classes at my local college here in NYC. But I did it unwillingly and without enthusiasm. That is until a protest broke out in the streets around campus against rising tuition costs.
Lewis Schiff