"If you need to quote refer to a document in order to define the rules of your relationship you dont got much of a relationship."
//Sam Zell om sitt partnerskap med Bob, där dom ägde 50 procent, om förtroende, trust och relationer, relationship //
From Podcast:
Momentum Audio [Podcast], (2021-03-22). 019: Sam Zell on Seeing the Solutions.
33.40 ”I was mostly the guy who did the traveling so I used to call him from all kinds of places and filling him in. It was being able to wrestle with problems with somebody who had the same risk that you had. And the same exposure that you had. And having that leds to a level of trust. And a level of kind of mutual understanding. I mean when he was building a house we were cash poor. When I was building a house he was cash poor. You know we lived out of the same checkbook. You know after he died, and he died in 1990 the lawyer came to me and said >> You know I’ve been looking through all the documents and there’s no partnership agreement between the two of you<<. And I said >>We never even talked about that, the need for an agreement between us. We resolved issues and there were obviously issues where we didn't agree on everything. But we resolved them by talking about them, not by reading the fine print.
Now I don't recommend an oral agreement as a method of doing business but I certainly think that if you need to quote refer to a document in order to define the rules of your relationship you dont got much of a relationship.” – Sam Zell
Reference:
Momentum Audio [Podcast], (2021-03-22). 019: Sam Zell on Seeing the Solutions. Website: https://www.podbean.com/site/EpisodeDownload/DIRDCB4DABHVFE4
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