"Don’t cry about money—it never cries for you” was said by Kevin O’Leary to a contestant on the first televised show of Shark Tank (where entrepreneurs suggest business ideas to a professional panel), on August 9, 2009. O’Leary’s advice appeared on promotional clips for the show.
A similar statement about stocks is “A stock doesn’t know where it’s been” or “A stock doesn’t know that you own it.”
Shark Tank - ABC.com
Kevin O’Leary is opinionated, ruthless, hungers for big deals and loves to take control, yet he made his millions helping children learn how to read. Kevin’s success story starts where most entrepreneurs begin: with a big idea and zero cash. From his basement, he launched SoftKey Software Products. As sales took off, Kevin moved to headquarters in Cambridge, Massachusetts and went on an industry consolidating acquisition binge. From 1995 to 1999 he bought almost every one of his software competitors, including Mindscape, Broderbund and the Learning Company in the industry’s first vicious public hostile battle. Shareholders love his take-no-prisoners cost cutting style and fueled him with billions to do his deals. In 1999 Kevin sold his company to the Mattel Toy Company for a staggering 3.7 billion dollars, one of the largest deals ever done in the consumer software industry. To keep his money working hard, Kevin took control of his wealth from his lackluster money managers and founded his own mutual fund company, O’Leary Funds. He raised hundreds of millions of dollars from investors who share his “get paid while you wait” yield oriented value investing philosophy. He shares his tips and tribulations with a national television audience and turns the Street upside down in the process. As a self-proclaimed “Eco-preneur,” Kevin looks hardest for investments that make money—and are environmentally friendly. When he’s not squeezing the market from his office in West Palm Beach, he travels the world looking for new opportunities to deploy his capital. He is a founding investor and director of Stream Global, an international business outsourcing company. Kevin is on the investment committee of Boston’s prestigious 200-year-old Hamilton Trust, and is the Chairman of O’Leary Funds. He also serves on the executive board of The Richard Ivey School of Business. Kevin escapes on weekends with his family to his luxurious cottage that spreads over prime Canadian wilderness on the shore of an ancient glacial lake.
“Don’t cry about money, it never cries for you.” (ABC Shark Tank) Good one lol.
12:36 PM Jul 10th from TwitterBerry
Don’t cry about money.... Money never cried for you.
9:38 AM Jul 19th from web
Jay Pee Morgan
Asshole billionaires and sniveling sycophants
By Heather Havrilesky
Aug. 02, 2009
When Tod tearily recalls how he took too many risks in his pursuit of success and “spent the next four months living in my car,” Kevin interrupts him: “Tod, never cry about money. It never cries for you.” Kevin, the Simon Cowell of “Shark Tank,” disrespects money so much that he puts words into money’s mouth whenever he feels like it.
Washington (DC) Post
‘Shark Tank’: ABC Is Out for Blood
By Tom Shales
Washington Post Staff Writer
Saturday, August 8, 2009
A Georgia man comes before the group seeking $460,000 for “Mr. Tod’s Pies,” single-portion sweet-potato pies based on an old family recipe, and when he recalls how one of his previous business ventures failed and he spent “four months living in my car,” the memory brings tears to his eyes. But O’Leary not only isn’t sympathetic, he’s hostile. “Don’t cry about money,” he barks. “It never cries for you.”
Hmmm. Mean, yes, but a bit of wisdom well articulated.
Some viewers will find “Shark Tank” entertainingly sadistic; for others, the possibility that it might succeed (seemingly remote) will be a veritable crying shame. But don’t cry for television—because heaven knows it doesn’t cry for you.
New York City • Banking/Finance/Insurance • (0) Comments • Saturday, August 08, 2009 • Permalink