David Park is chairman and cofounder of Job Creators Alliance and founder and CEO and founder of Austin Capital, LLC.
“David, I really like you,” my biggest client—in fact, my only client—was saying over the phone. And I remember thinking, this is going to be bad, really bad.
I had been trying to make it in the early 1990s with my own investment business, after my boss at a large established investment house threw me out of his office for saying the pension funds we managed had long-term problems about which our clients should be warned.
My own venture wasn’t going well, though, something I had to admit while working one day out of what had become my new personal office—a Mrs. Fields chocolate cookie shop.
For the first time, giving up seemed a possibility. Just then I noticed a “for sale” sign at the cash register. Apparently this Mrs. Fields store wasn’t making money. Paying closer attention to everyday transactions I had been watching only casually, I tried to figure out why. After a while I had a theory,
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