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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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More quotes by Lewis Schiff

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I believe that only a subset of us is meant to lead. The rest want to follow.
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My fighting spirit has often seemed out of place.
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However, I believe that large groups make markets, so serving the needs of large groups is a simple approach to success in business success. But that's no reflection on whether or not they're making wise moves or good calls. It's just about filling the need.
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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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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.
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While I did complete high school, I would have to say that it was by the skin of my teeth. My education ever since then has been one that I got on the job and I consider myself a very well-educated person at this point!
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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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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.
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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
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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.
Lewis Schiff
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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.
Lewis Schiff
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As members of a minority, one that was often persecuted, that entrepreneurial perspective was burnished with a sense of outsider status - so not only were we committed to finding our own way of achieving success, we also grew up to believe that we'd have to fight to get whatever we wanted.
Lewis Schiff
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As you climb of the organizational ladder, you have to redefine your role in the value chain from player to captain to coach to manager, and for some, to owner. These are different roles and you won't be able to succeed as a manager when you're acting like a player.
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 went to work at political consulting firms, graphic design and communications firms and ultimately, magazines. Today, my career is in the media business. And more specifically, I'm in the words side of the business as opposed to video or music.
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.
Lewis Schiff
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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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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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When I started out, I wanted to have everything solved by the time I was 30. That didn't happen. Instead, I realized that the journey is the destination, that the work.
Lewis Schiff