INTEGRITY

I wrote a book exposing creative accounting and got fired for it. Best career move I ever made.

Leaving Facebook cost me billions in unvested stock. Staying would have cost me something more important.

Business, as I have seen it, places one great demand on you: it asks for your honesty.

Real integrity is doing the right thing, knowing that nobody's going to know whether you did it or not.

A handshake deal is only as good as the man shaking your hand.

I sold my private jet to reduce my carbon footprint. If you're going to talk about sustainability, you have to live it.

I walked away from $850 million in unvested stock because I couldn't watch them put ads in WhatsApp.

I don't charge for my research because the moment I do, I have conflicts of interest. Independence is worth more than money.

When our edge diminished, I gave back half the money. Most hedge fund managers would never do that. That's why I did it.

I believe that the softest pillow is a clear conscience. I want every Infoscion to sleep well at night.

If you get the opportunity to do something you love, protect it. Don't let money make you do things you don't believe in.

You have to earn every win. There are no shortcuts in this sport, and there aren't any in business either.

Returning capital to investors when you can't earn it is not failure. Keeping it and collecting fees when you can't earn it — that's failure.

We grew because we were honest. In money-changing, your reputation is your only product. Lose it, and you have nothing.

Independence from institutional pressure is the only way to give truly unbiased research.

I have never done a dishonest thing in my business life. Every building we promised, we built. Every worker we employed, we paid.

Perseverance got me to this point to realize this opportunity. You can persevere, but you also need good relationships, you treat your partners and investors well, and you act with honesty and integrity.

There are failures with integrity, and there are failures without integrity.