Stephen Ross: Advice for When Things Don't Go as Planned

The speaker reflects on a financial crisis in the early 90s, emphasizing the importance of not signing personal guarantees. They advise believing in oneself and maintaining tenacity when facing challenges. The speaker highlights that 'no' is not a final answer but a reason to persist.

What financial challenge did the speaker face in the early 90s?

• Excessive taxation

• High inflation rates

• Currency devaluation

• A lack of market liquidity

What lesson did the speaker learn from their financial experience?

• Never sign personal guarantees

• Always diversify investments

• Avoid stock market investments

• Invest in real estate

Why does the speaker advise against signing personal guarantees?

• It is illegal

• It can lead to personal financial risk

• It reduces investment returns

• It complicates tax filings

According to the speaker, what is a key trait of a successful leader?

• Having a large network

• Believing in oneself

• Being highly educated

• Having a charismatic personality

What should a leader do when things don't go as planned?

• Seek immediate financial support

• Give up and try something new

• Blame others for the failure

• Stick with their plan and persist