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" I'm not interested in having the second- or third-largest mall in Cincinnati. "
David Lichtenstein
Cincinnati
Not Interested
Second
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" In Texas, they're very proud of being cowboys. It's a different atmosphere - a lot more agricultural. I can't, living here in Jersey, predict who they are. It's called respecting the community. "
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" I'm just a normal guy. "
David Lichtenstein
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Just
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" To be human is to err, isn't it? "
David Lichtenstein
Human
Err
" Perhaps the secret to making a billion dollars in real estate is that there is no secret. "
David Lichtenstein
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" At the end of the day, nobody cares how much you tried, what the deal was, or if you were a good guy or a bad guy. "
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Bad
Day
" When you're in 45 markets, you take it on the chin here and there. "
David Lichtenstein
Chin
You
Here
" You don't have to be too bright to get into real estate. "
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" People from all over the world want to be in New York. This rather simple idea took me a long time to learn. "
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People
New York
" Growing companies need commercial space, and their employees need to live nearby. "
David Lichtenstein
Employees
Live
Need
" I started my career buying and owning single-family houses, and I know that's a really tough job. Toilets break. Trees fall. There are so many things that can go wrong. Land, on the other hand, is cheap to manage. It's painless, really. All you have to do is pay your taxes, and that's it. "
David Lichtenstein
Fall
Know
Trees
" One valuable lesson I learned is that buying cheap is very important. Buying without debt is also very important. Leverage is your enemy. "
David Lichtenstein
Enemy
Debt
Important
" The annual 'Forbes' Billionaires List speaks volumes about the movement and concentration of wealth across industries and geographies. "
David Lichtenstein
Movement
Concentration
List
" I would rather be the only horse in a one-horse town than be the third horse in a big city. "
David Lichtenstein
Big
Town
Big City
" I'm an extrovert. "
David Lichtenstein
Extrovert
" When you take smaller gambles, no one particular deal can be big enough to have a material adverse effect on the company. "
David Lichtenstein
Big
You
Take