Kirk Kerkorian Quotes

Interpretations of Popular Quotes

"I'm not in business for recreation. I have to make money."

This quote underscores the fundamental principle that underpins entrepreneurial ventures: the primary objective is financial success, or "making money." It implies a focus on profitability and efficiency, and emphasizes the necessity of profit in business endeavors rather than viewing them as mere recreational activities or hobbies. In other words, it underscores the importance of profit-driven thinking for any successful businessperson.

"I've always felt that the way to make money is to buy something undervalued and wait."

The quote by Kirk Kerkorian, "I've always felt that the way to make money is to buy something undervalued and wait," suggests a strategy for generating wealth through investment, particularly in the stock market or real estate. This approach involves finding assets whose current market value is lower than their intrinsic worth, purchasing them at this discounted price, and then holding onto them for an extended period until the market recognizes their true value. The idea is that as the asset's value increases over time, so too will the investor's profits. In essence, Kerkorian emphasizes the importance of patience, due diligence, and seizing opportunities when they present themselves.

"When you're young, money isn't the most important thing."

The quote suggests that when one is young, material wealth or financial security may not be the primary focus in life. Instead, this stage of life is often characterized by personal growth, exploration, and the pursuit of passions or dreams, rather than amassing wealth. This view aligns with a philosophy that values experiences, relationships, learning, and self-discovery over monetary accumulation during the early years of life. It's important to note that this doesn't necessarily mean wealth shouldn't be pursued at all, but rather emphasizes that there is more to life than just financial gain when one is young.

"Business has its ups and downs, but if you like what you are doing, you can make a go of it."

This quote by Kirk Kerkorian suggests that even though business may experience periods of difficulty (ups and downs), if one is passionate about their work, they can persevere and find success. It encourages resilience in the face of adversity and emphasizes the importance of enjoying what one does as a key factor for achieving long-term success in business.

"The best deal is the one that never gets done."

The quote by Kirk Kerkorian, "The best deal is the one that never gets done," highlights the value of avoiding a transaction when it's not beneficial or when potential risks outweigh rewards. It suggests prudence and foresight in business dealings, emphasizing that sometimes, walking away from an opportunity can be the wisest choice for long-term success.