“Protect the downside and the upside will take care of itself.”
Trump learned that he would rather own casinos than be a gambler himself.
“I always go into the deal anticipating the worst,” he writes. “If you plan for the worst — if you can live with the worst — the good will always take care of itself.”
“Maximize your options.”
It’s necessary to be flexible, he says.
“I never get too attached to one deal or one approach,” Trump writes. “For starters, I keep a lot of balls in the air, because most deals fall out, no matter how promising they seem at first. In addition, once I’ve made a deal, I always come up with at least a half dozen approaches to making it work, because anything can happen, even to the best-laid plans.”