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“Cities need old buildings so badly it is probably impossible for vigorous streets and districts to grow without them.... for really new ideas of any kind--no matter how ultimately profitable or otherwise successful some of them might prove to be--there is no leeway for such chancy trial, error and experimentation in the high-overhead economy of new construction. Old ideas can sometimes use new buildings. New ideas must use old buildings.”

“Entrepreneurs don't really make mistakes, though. We just make decisions that seem right at the time, but which sometimes turn out to have been the wrong path to take. For example, we allowed a buyer to place a huge opening order and later had to take some product back. We didn't have our sell-through programs in place, so in hindsight, it would have been wiser to sell in less product at the outset. The scary thing is you are always making decisions without knowing the future.”

“Treasures in heaven are more permanent. They are more satisfying. There are only two reasons why we are not as successful as we would like to be in laying up earthly treasures. One is that we sometimes get into the wrong business; and the second reason is that even though we may be in the right business, we do not always work at it effectively. Interestingly enough, these are the same reasons why we fail in laying up treasures in heaven.”

“Remarks such as 'great Australian', 'larger than life' are sometimes used where they are not appropriate. But in the case of Kerry Packer both of those descriptions are entirely appropriate. He was a great Australian, he was a larger than life character and in so many ways he left his mark on the Australian community over a very long career in business, particularly in the media and also that other great passion of his, Australian sport”

“We need to accept that we won't always make the right decisions, that we'll screw up royally sometimes - understanding that failure is not the opposite of success, it's part of success.”

“Sometimes when you innovate, you make mistakes. It is best to admit them quickly, and get on with improving your other innovations.”

“Part of being a winner is knowing when enough is enough. Sometimes you have to give up the fight and walk away, and move on to something that's more productive.”

“Experience taught me a few things. One is to listen to your gut, no matter how good something sounds on paper. The second is that you're generally better off sticking with what you know. And the third is that sometimes your best investments are the ones you don't make.”

“It's unwise to pay too much, but it's worse to pay too little. When you pay too much, you lose a little money - that's all. When you pay too little, you sometimes lose everything, because the thing you bought was incapable of doing the thing it was bought to do. The common law of business balance prohibits paying a little and getting a lot - it can't be done. If you deal with the lowest bidder, it is well to add something for the risk you run, and if you do that you will have enough to pay for something better.”

“I was always embarresed by the words 'sacred,' 'glorious,' and 'sacrifice' and the expression 'in vain.' We had heard them, sometimes standing in the rain almost out of earshot, so that only the shouted words came through, and had read them on proclamations that were slapped up by billposters over other proclamations, now for a long time, and I had seen nothing sacred, and the things that were glorious had no glory and the sacrifices were like the stock yards at Chicago if nothing was done with the meat except to bury it.”