I learned to embrace risk, as long as it was well thought out and, in a worst-case scenario, I'd still land on my feet.
Eli BroadAt a time when all the other builders were selling homes with basements but without carports, we would sell homes without basements and with carports. This allowed us to provide a more appealing product at a lower price. In other words, we felt we would be giving customers greater value.
Eli BroadI don't think it makes any sense for an individual to invest in common stocks unless they know the company, work at the company, and so on.
Eli Broad