Bad time Quote by Michael Dorn
“When you're on a series, it's tough to go on and do something else afterward. If you're smart, save your money and you can wait out the bad times, until something else comes along.”
About This Quote
Source Interview: Podcast with Michael Dorn, 2023
Continuing a successful venture makes it hard to start new projects; prudent saving lets you survive downturns until better opportunities appear.
In simple terms: Sticking with one thing blocks new starts; saving helps you wait for better chances.
Key Takeaway
Save and wait for better opportunities.
Themes
financial planning
opportunity cost
patience
Mood
cautious
strategic
Type
advisory
practical
When to use this quote
- entrepreneurship
- investment
- personal finance
Key Concepts
risk management
capital allocation
career transitions
Questions to Reflect On
- How do you balance staying invested vs. seeking new ventures?
- When is it better to pivot?
A Different Perspective
Saving may limit growth if overused.
