Quote of the Day:

Barry Sternlicht

  • As the facts change, change your thesis. Don't be a stubborn mule, or you'll get killed.
  • The best advice is often the compliments received, and they are often about an associate who did something exceptional. I tell my teams that it's the random acts of kindness, the unexpected, that people remember most.
  • I like to go to my simple cottage by the ocean or, really, any beach!
  • It's cheaper to buy a house and finance it than it is to rent in many markets.
  • It is very important that a leader in the hotel industry be both creative, I think, and compassionate.
  • There's more single-family homes rented in the United States then there are apartments.
  • I wanted to start a hotel company from scratch.
  • You go public because you want access to capital in the form of debt and equity.
  • The American dream is still to own your home.
  • If I had high-ticker 10 percent financing, which would probably be the market rate, I would have to dump stuff. The interest payments would be killing me.