Daymond John

Take $500,000 over a dinner with Jay-Z

[$500,000]. Because most likely Jay-Z has said it a million times in various different ways. So it would be like me saving $500,000 just to spend two days looking at every single interview he's ever done... why do I need to listen to him? I could save $500,000.

Parents should buy a share of stock that matches every toy they buy their kids

Buy him a little Caterpillar truck, right? Buy him a share in Caterpillar. Ooh. And then show him what that truck is equal to... Buy him a share in maybe Disney and a Disney product that he likes... he's gonna start to understand [finance].

You should double down on Amazon stock right now while it is at a 30% discount

Amazon, you should be doubling down on Amazon right now because right now if a car you loved was on a 30% discount, brand new, wouldn't you buy a couple of 'em?... it's gonna go back up.

A recession is coming, and that is the best time to buy assets at a discount

I believe so [we are in a recession], yeah... This is when you take that money because cash is king in a recession. And this is when you buy things because everything is at a discount... This is exactly why you need to know Little Daymond learns to earn because you buy things when they're down.

Hot fashion brands typically only last five to seven years

The cycle of generally for fashion, a hot fashion brand lasts about five to seven years. There's a unicorns like Nike and Louis Vuitton. But you'll notice whether it's Benetton or Levi's... [they] chip away.

If I were starting FUBU in today's social media landscape, the brand would be ten times bigger than it originally was

If you had to do it again today, your, you know 20 year old Daymond John, do you think it still works... This would be, I would, it would be, it would be 10 times bigger. Really? Yeah. You remember, I didn't, the internet didn't even exist. Social media didn't exist. So I had to physically walk up and get into people's face to sell them something.

The only way to make real money in the stock market is to hold for 20 years

If you buy something on one of those [Robinhood/Ameritrade], the real way you're going to make money is to hold it for 20 years. If it's a value. But if you buy it, you naturally look at your account and you go back and go, 'oh, I'm Gordon Gekko. I just made $200. Let me sell it.'... It takes away your discipline.

The markets and real estate will crash in the next 6 to 12 months

Everything's going to crash over the next 6 to 6 months to 12 months. And then you buy it. Gold. Everything's gonna crash.

Most professional athletes and lottery winners go bankrupt within three years of leaving the league or receiving the money

Athletes and lotto winners, they usually bankrupt three years either outside of leaving the league or receiving the money. And you can easily blow $20 million.

Achieving true mastery is impossible because every subject is constantly evolving

I think you don't really achieve mastery in any subject because the subject keeps moving and changing and developing. Bruce Lee was a master of karate at 30 and at 70, he would have to learn how to fight differently because he doesn't have the same strength.

Lori Greiner is the scariest Shark on Shark Tank

I'm always afraid of Lori. We're kind of in the same space of bringing consumer products to the market. And she has two platforms. She has a very strong platform with QVC. And she's also, if it's a woman-related product, she can be the face of it... I always have to have a tussle with Lori.

Buyer's remorse on Shark Tank deals usually stems from the entrepreneur's personality, not the product itself

I do end up having buyer's remorse later on down the line with a lot of products because a lot of times it's not the product that doesn't work. It's the entrepreneur that we don't see eye to eye.

Robert Herjavec is a very keen businessman who knows how to work his angles by acting nice

Robert is a very keen business guy, and he knows how to work his angles. He has that whole 'I'm really nice' type of thing. I'm on to that shit. A lot of people are not onto that.

CBD is the next big industry bubble

[The next bubble is] CBD. I like CBD if it's the real stuff, but I think that there are a lot of fly-by-night companies right now that are trying to capitalize on it.