"I always invest my own money in..." - Quote by Elon Musk
I always invest my own money in the companies that I create. I don't believe in the whole thing of just using other people's money. I don't think that's right. I'm not going to ask other people to invest in something if I'm not prepared to do so myself.
More by Elon Musk
“It's OK to have your eggs in one basket as long as you control what happens to that basket.”
“The only reason I was able to accomplish things is the great people willing to work with me. A company is a group of people organized to create a product or service, and that product or service is only as good as the people in the company - and how excited they are about creating it. I do want to recognize a ton of super-talented people. Without them, I would have accomplished very little. I just happen to be the face of the companies.”
“Going from PayPal, I thought: 'Well, what are some of the other problems that are likely to most affect the future of humanity?' Not from the perspective, 'What's the best way to make money?'”
More on Investment
“We look for things I can understand. A lot of businesses I don't understand.”
“Buy an annuity cheap, and make your life interesting to yourself and everybody else that watches the speculation.”
“Of course, in order to build something new, one has to economize, accumulate means, temporarily limit one's requirements, borrow from others. If you want to build a new house,you save money temporarily and limit your requirements, otherwise you might not build your house.”
More on Entrepreneurship
“Capital formation is shifting from the entrepreneur who invests in the future to the pension trustee who invests in the past.”
“Unless you've a lot of passion about this, you're not gonna survive. You're gonna give it up. So you've got to have an idea or a wrong that you want to right that you're passionate about, otherwise you're not gonna have the perseverance to stick it through. I think it's half the battle right there.”
“Mark Zuckerberg will be a hero to many young entrepreneurs 20 years from now. Bill Gates will be a hero to others, and they will look to those [people] like I read books when I was in my teens about Rockefeller or Carnegie.”