When I started getting my first fan letters, I made a point to try to respond to every single one. The wins always felt that much more special because I knew I was making so many people happy. And losses hurt that much worse because I truly was invested in not wanting to disappoint those who supported my side. But more than anything, I always appreciated the fact so many fans invested their emotions in my performance.
What is one of the best or most worthwhile investments you have ever made — of money, time, or energy?
Question
How has a failure, or apparent failure, set you up for later success? Do you have a favourite failure?
Failure & regret
But from day one, I really wanted to build the kind of company my father never got a chance to work for. A company that honors and respects the dignity of work and the dignity of all men and all women. And that is why we became the first company in all of America to provide comprehensive health insurance 30 years ahead of the affordable care act, as well as ownership in the form of stock options for all of our employees, including part-time people because it is my firm belief that success in business and in life is best when it's shared.
Arizona State University commencement, Speakola, 2017 source ↗
Others on this question
View all 44 →
Dan Carter
New Zealand international rugby union fly-half, 2003–2015
Neil Sheehan
War correspondent and author; Pulitzer Prize winner, 1989
I’m glad now I did it. It took up all my middle years. I started it in 1972, and I published it in 1988, and my middle years all went into it, but I am glad I put them into it. Otherwise I’d have just been writing newspaper stories. It’s a worthy profession. It’s a good profession, but the newspaper, after it’s published, is something to wrap the fodder in the next day. ... A book sits on the shelf, and I really wanted to do this. I’m glad that I had done it.
Recorded
Academy of Achievement recorded interview, American Academy of Achievement, 19 June 2007
source ↗
Mellody Hobson
Co-chief executive and president of Ariel Investments
Our business everyday is to make money for people. And I take it as seriously as doctors who are trying to cure cancer, because by giving people financial freedom, we allow them to do great things in their lives - from retire to send their kids to college, to buy their first house, to fund a business that they might want to start.
Lewis Hamilton
British Formula One driver
I did boxing because I needed to channel the pain. I did karate because I was being beaten up and I wanted to be able to defend myself.
More from Howard Schultz
View profile →But in 2007, the music stopped. We had lost sight of our shared purpose and our guiding principles, in which growth and success began to cover up mistakes and a disease set into Starbucks. That disease, hubris. We lost our way and believe it or not, we almost lost the entire company.
More on money & investment
Also answered this
Warren Buffett, Mellody Hobson, Henry R. Kravis, Yvon Chouinard, Charlie Munger, Indra Nooyi
Search the directory for somebody in particular.
Explore further
- All money & investment questions
- Explore the archive — by field, age, era, and subject