Zitat des Tages von Dan Gilbert:
I believe in our players, our coaching staff, and our entire franchise.
Every loan that we did in the City of Detroit in the 10 years they studied - between 2005 and 2014 - were conventional FHA, VA loans with average interest rates of 6%.
We like scalable companies that we think we can grow - because of our expertise, operational is consumer-facing. For the most part, consumer-facing, technology-driven process, driven sometimes if they're call center or into the sales type of stuff associated with it.
When we do an investment, we always ask, 'Can we affect the outcome? When buying a company, can we have an impact?' That's a different style of investing than a passive investor in the stock market. To me, that's how you're taking the risk out of it. You know what your capability is and how you can enhance value.
In today's world, social media, people get judged so much by the last thing that happened, I almost feel, in a way, young people get to see that not only is it OK to fail - that's the way you get to championship success, whether it's sports or business or life.
Kids coming out of college want that urban core excitement more and more.
Danny Ferry did a very good job when he was here and put the franchise up to a certain level, as did Mike Brown, and his contract had ended after five years, and, ultimately, both sides decided they wanted to do other things. No hard feelings at all there.
Above all, the fans of the Cleveland Cavaliers, as well as the entire franchise, deserve and need our players and coaches to dig deep within themselves.
People are more optimistic about Detroit outside of Detroit.
A lot of the problems in the mortgage world, people said, were because our competitors were evil. But a lot of it was a lack of technology - bad processes and systems.
Blight is like a cancer. This is one of those all-or-nothing things.
In my view, if you want to get ahead and build wealth, you have to get over your delusion that something only has value if you can measure it.
I was always trying to get people to fix things that are wrong. Now, it was, 'How do I make things that are going good go better?
We never did these kinds of loans that really started this mess, the subprime loans. We just never got into that business. We were enticed a lot of times to do so by a lot of Wall Street-type players, but I, frankly, never understood some of this stuff.
Keep your debt low, and ask, Can your operational expertise make an impact? Then you're taking away a lot of the risk.
I think I've interviewed probably 1,500 people in my 24-year business career.
As a franchise, we don't have any different expectations than anyone else.
We get a lot of emails, a lot of suggestions on the kinds of ideas and things that people would like to do. There's a lot of good ones, but a lot of them are something that the franchise couldn't or wouldn't endorse, just as being not consistent with what the NBA would want or, probably, what we would even want, too.
To process and close models in 50 states and 2,000-plus counties with the myriad of, just, tens of thousands of different regulations, customs, vendors - it's a monster. So the only way to do that is with technology. It really is rocket science.
We want to make the Cleveland Cavaliers a perennial champion and contender. We want people to be part of the franchise for long periods of time if they fit our culture, no matter who they are, whether it's LeBron or anybody that contributes.
Everybody made mistakes for years, but by making them, everybody learned - myself, the franchise, coaches, players, LeBron, everybody.
Our entire franchise has done everything in its power to put all of our players and its coaching staff in the best possible position to execute when it counts. And to deliver to the highly supportive fans of Cleveland a proud, intense, impassioned, all-out drive to achieve a championship.
Ironically, the original Detroit Stock Exchange once sat less than a thousand feet from StockX headquarters here in downtown Detroit. It is only fitting that we are going to build the next iteration of the world's most efficient market invention almost in the same spot.
One of our things is that money follows; it does not lead. So we want people that are fired up and passionate about their mission... and people that aren't so married to spreadsheets and thinking that kind of voodoo controls the future. Because it doesn't.
I just think that everything is symbolic, and who you are determines everything that you do, small moves and big moves.
I think Detroit is where muscle meets brains.
Some people think they should go to Heaven but not have to die to get there. Sorry, but that's simply not how it works.
StockX's live marketplace will harness the Internet's natural ability to facilitate a better way to transact certain segments of ecommerce. We are going to bring the kind of trading platform and visibility to tangible products that financial and commodities markets have used for decades.
People still don't know how good Kevin Love is because he played in Minnesota... you didn't see him much on TV. His passing, his knowledge of the game - the stuff that doesn't show up in the stats - he has so much going for him.
Our goal is a title. With LeBron, we are in 'win now' mode.
I think it's natural when a team has such high expectations, under .500 halfway through the season, they're going to go after a brand new coach.
You have a lot of great teams in the NBA. I watched San Antonio against Dallas, and they're two great teams, and there are great teams in the east, as well. So it takes time to gel, as we've all seen.
Some borrowers are pretty damn good at fraud.
Detroit's a good investment because, first of all, the entry fee for everything is lower. And, you've got the talent that is here that is ambitious and motivated, so you're going to get in on a much lower cost structure in every way, shape, or form from labor to buildings to whatever.
I don't think we'd be the business that we are today if we were spread out in the suburban areas.
People want entertainment, a whole night of it, a whole experience.
