Australian - Businessman | March 3, 1933 -
I'm easy. Very easy. I'll tell you why I am easy. If someone is no good, I get rid of them. It is no good being tough on somebody who can't do the job. If he can do the job, then there is no point in being tough with him.
Harry Triguboff
GoodJobI AmToughSomeoneYou
I fire very little because I try to be very careful when I select people. If you know how to select, you don't fire often.
FirePeopleYouKnowTryLittle
It's a very difficult business, and I'm very interested in the future of it after I'm gone, and I thought that if I can't produce a strong management team here myself, and I can find better management elsewhere, then I should sell it.
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I would consider selling the whole company; I wouldn't like to sell just part of it, but on the other hand, I have a grandson intent on following my footsteps and another grandson in another couple of years.
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I looked around, and I saw cottages everywhere. I thought it was time they lived in apartments.
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In this business, you don't have to be an architect or an engineer or a brick layer. But you have to understand how the money flows. That you can only understand if you're on the site.
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In Sydney, we always have a deficiency of housing. So that's one good thing, which will cause real estate to keep going up. Not fast, but it'll go up.
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Local councils are hostile to large developers and think that, by doing this, they are standing up for the community. But they're wrong.
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The market is good when the local people are in it and believe in it and support it. That's what I want.
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People have lots of money in super, but they have no money in the bank, and the super funds are not built to help people buy property.
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If the banks become unreliable lenders, apartment prices will drop dramatically.
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I don't think I have to combat Airbnb. It is like comparing Tiffany to a shop that sells things for one dollar.
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