It has been an up-and-down week around the global markets already, and now that we have reached “hump day,” some investors might be in need of some midweek motivation. And in honor of Salesforce’s (CRM - Free Report) earnings announcement last night, this week’s edition of Wednesday Wisdom will feature words from the cloud king himself, Marc Benioff.
Benioff started developing software as a kid and was reportedly raking in nearly $1,500 from royalties on his self-made computer games in high-school. After spending the first 13 years of his career at Oracle (ORCL - Free Report) , Benioff left to found Salesforce, which would quickly become the worldwide leader in customer relations management software.
Just last night, Salesforce reported that it recently became the first enterprise cloud software company to break the $10 billion revenue run rate, and there’s no doubt that Benioff’s dynamic leadership was a major catalyst for this historic accomplishment (also read: Salesforce Posts Earnings and Revenue Beats, Solid Guidance).
Benioff is, without question, one of the software industry’s titans, and like the great minds of Bill Gates, Steve Jobs, and Larry Ellison, investors tend to listen when he speaks. So as earnings season wraps up and the technology sector remains relatively hot, let’s take a look at three Benioff quotes that every tech investor should benefit from.
While this quote was likely aimed at the entrepreneurs and would-be-Benioffs of the world, it is also useful for tech investors to keep in mind. Are you just finally getting a grasp on the importance of the Internet of Things and self-driving cars? Great, but you can bet it won’t be long until the next big thing comes along, and you better be ready to adapt again.
Again, here we see Benioff speaking to the up-and-comers and dreamers throughout the industry. Benioff believes in the value of the beginner’s mind—the kind that is fresh, inspired, and without hesitation. This is important for seasoned investors to remember too. Even if you’ve been trading stocks for years, the ability to approach your investment ideas with the excitement of a beginner can keep your portfolio crisp.
Of course, this is easier said than done, but its meaning remains the same. As investors, we must have an eye on the future at all times—and we must be able to adapt to changes. What’s the point of predicting something will happen if you don’t have a winning strategy to profit from it?
Want more advice from the investing greats? Check out the previous edition of Wednesday Wisdom, 3 Bill Gates Quotes Every Investor Needs to Remember Right Now, and remember to check back here next week!
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