Donald Trump's Commencement Speech: The Importance of Momentum and Avoiding 'Trophy Wives'

The Power of Momentum

• ⚡ Momentum is an amazing thing that needs to be maintained, as illustrated by the story of a prominent real estate developer.
• 💡 The developer, who built entire towns, became very rich after selling his company to a conglomerate.
• 🚀 After selling, he experienced a period of leisure, including a divorce and a new, possibly 'trophy', wife, and living a life of luxury.

Losing Momentum and Its Consequences

• 📉 15 years later, the company that bought his business found it wasn't for them and offered to sell it back cheaply.
• ⚠️ The developer bought it back, thinking he made a great deal, but he had lost his momentum and ultimately lost everything.
• 💔 The story serves as a cautionary tale about the importance of recognizing when momentum is lost and when it's time to leave a field.

Personal Anecdote and Advice

• 💬 Donald Trump recounts witnessing Mr. Levit, the developer, at a party on Fifth Avenue after he had gone bankrupt.
• 🗣️ Levit confessed to Trump that he had lost his momentum, which was the reason for his downfall.
• ✅ The key takeaway is to understand when you have momentum, but also to know when that momentum is gone and it's time to move on.