Business Quotes By Carlos Slim Helu We Should Remember

By Imperio Reséndiz (Presidencia de la República) [Public domain], via Wikimedia Commons

Carlos Slim Helu is one of the best known business magnates from Mexico, a philanthropist and investor. One thing that many do not know is that from the year 2010 to 2013, Carlos was the richest person in the entire world. Even if Bill Gates regained the position, he is pretty rich and does know everything about making money. We can easily learn from him and his quotes. Here are some that we particularly love.

This is definitely one thing that a lot of people do not understand at the moment. During recession time, a lot of people do not invest because of the fact that they believe they will lose money on the long run. You should not do this. In reality, you can end up making a lot more as you invest when others do not. Have patience and always find exactly what the best options are available, no matter the time.

This is a very good principle for investments. You have to basically take a look at situations where people want to get out but the crisis can be solved. If that crisis is solved and you invested while people got out, you can easily make a lot of money. Stay on the lookout for such opportunities.

We all make mistakes in management, marketing and investing. Carlos Slim Helu clearly highlights this many different times. If he made mistakes and keeps making them, it is a guarantee that we will make more. However, although this is true, it is important to just make mistakes that are not going to damage us much in the future. Risk management is always important. It is something we have to consider.

This is quite hard to understand in the event that you do not have a lot of experience. Investing is all about the numbers and being aware of what happens in the market. That is especially true when you try to take advantage of situations in which a company is faced with a crisis. You need to do all that you can in order to properly analyze numbers. There is basically no way around that and you should never just trust your instinct when an investment is made. Numbers do not lie but we tend to lie to ourselves.

Take into account all the Carlos Slim Helu quotes above. We are sure that they will help you to look at business in a different way.