Carlos Slim
Carlos Slim
Carlos Slim Helúis a Lebanese Mexican business magnate, investor, and philanthropist. From 2010 to 2013, Slim was ranked as the richest person in the world. Known as the "Warren Buffett of Mexico", he derived his fortune from his extensive holdings in a considerable number of Mexican companies through his conglomerate, Grupo Carso. As of 31 July 2016 he was #7 on Forbes list of billionaires, with a net worth estimated at US$50 billion...
NationalityMexican
ProfessionEntrepreneur
Date of Birth28 January 1940
CityMexico City, Mexico
CountryMexico
The year 1983 was crazy. People wanted to sell not only their investments... but also their companies.
How can you be on top of the things you do? I think when you are involved in a business, first of all you need to know the business. After that you know the business, you can - the numbers tell you what is happening. You can read with the numbers.
Low interest rates are a big opportunity for investment. But the issue is that this money should go to the real economy, not the financial economy.
I buy companies for strategic reasons and operate them.
Profitability is coming from productivity, efficiency, management, austerity, and the way to manage the business.
At 25, I made many companies. I was thinking more like a businessman or entrepreneur than a CEO. I created many companies, small companies, medium companies. I tried to be involved in many kinds of activities, in finance, in real estate, in mining.
Any personal crisis - you have to use it to get stronger.
First I opened a check account. I looked at the - I looked that there was nothing of yield. So I bought some bonds. It was a bond. When I bought this bond, it was duplicated in 10 years. I think it was 10 percent.
I studied engineering in the national university, the Universidad Autonoma, in San Ildefonso.
I love baseball. And American Football, too. But not rugby.
No, my father passed away when I was 13 years old. I was very young.
Staying occupied displaces preoccupation and problems, and when we face our problems, they disappear.
Choose the right employees and then set them loose.
I think that anything that has privileges have responsibility and all people that is clear about their responsibility has compromise.