Carlos Slim is a Mexican magnate, investor, and considered to be one of the richest people in the world. With an extensive fortune held in many considerable Mexican companies, more than 40% of his listings are on the Mexican Stock Exchange. Here is a look at some of the most notable Carlos Slim quotes to be familiar with.
“All businesses make mistakes. The trick is to avoid large ones.”
“Any personal crisis – you have to use it to get stronger.”
“Competition makes you better, always, always makes you better, even if the competitor wins.”
“Firm and patient optimism always yields its rewards.”
“I buy companies for strategic reasons and operate them.”
“I don’t believe too much in luck. I believe in circumstances. I believe in work.”
“I think one of the big errors people are making right now is thinking that old-style businesses will be obsolete, when actually they will be an important part of this new civilization.”
“If you are in business, you are not enjoying. You are working.”
“If you’re in business, you need to understand the environment. You need to have a vision of the future, and you need to know the past”
“It’s important to give a better country to your children, but it is more important to give better children to your country.”
“It’s not a question of arriving [at a new company] and putting in a whole new administration but instead, arriving and ‘compacting’ things as much as possible, reducing management layers.”
“It’s a society of knowledge and experience. You have better experience and knowledge when you are 60, 65 and 70.”
“It’s important to give a better country to your children, but it is more important to give better children to your country.”
“Life’s road is very long, but it is traveled fast.”
“Live the present intensely and fully, do not let the past be a burden, and let the future be an incentive.”
“Low interest rates are a big opportunity for investment. But the issue is that this money should go to the real economy, not the financial economy.”
“Maintain austerity in good times to avoid lay offs in bad times.”
“Mistakes are normal and human. Make them small, accept them, correct them, and forget them.”
“Our philosophy is you need to give nonprofit money for health, nutrition, education, culture, and sports.”
#CarlosSlim pic.twitter.com/F1YSUJsQel
— Autos Y LujosVEVO (@lujosvevo) October 25, 2017
“Profitability is coming from productivity, efficiency, management, austerity, and the way to manage the business.”
“Staying occupied displaces preoccupation and problems, and when we face our problems, they disappear.”
“Success is not about doing things well or even very well, or being acknowledged by others. It is not an external opinion, but rather an internal status. It is the harmony between the soul and your emotions, which requires love, family, friendship, authenticity and integrity.”
“The better off you are, the more responsibility you have for helping others. Just as it’s important to run companies well, with a close eye to the bottom line, you have to use your entrepreneurial experience to make corporate philanthropy effective.”
“The biggest things in life are not materials.”
“There are people who are good for letters and others that are good for numbers.”
“We don’t take anything when we pass away, and we need to do with the sense of responsibility.”
“We want as few management layers as possible, so that executives are very close to the operations.”
“What is most valuable in life does not cost anything but is very precious.”
“When we decide to do something, we do it quickly.”
“When we face our problems, they disappear. So learn from failure and let success be the silent incentive.”
“When you give, do not expect to receive, Fragrance clings to the hand that gives the rose.”
“When you live for others’ opinions, you are dead. I don’t want to live thinking about how I’ll be remembered.”
“Work well done is not only a responsibility to yourselves and society; it is also an emotional need.”
“You cannot make thousands of universities or hundreds of thousands of professors, but with technology and the Internet you can have great courses and make a digital university.”
“You don’t need to raise taxes on rich people, because they create capitalization and investment. But you need to tax speculation – meaning capital gains.”
“You should have more time for you during all of your life – not when you’re 65 and retired.”
“You want to have a toy and another toy, and that’s not maturity. The biggest things in life are not materials.”
From business to investing and entrepreneurship, here is an interview with Carlos Slim has he covers some of these key topics.
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