Name: David Malmuth
Age: 54
Occupation/Job Title: Real Estate Developer/ Managing Director and Owner of RCLCO, a real estate advisory and development services firm.
Job Description: My role is to conceptualize and implement real estate projects which make economic sense and benefit the community in which they are located. Examples include The New Amsterdam Theater in NY, Paseo Colorado in Pasadena, CA, and Hollywood and Highland/Kodak Theater in Hollywood, CA.
Education: Undergraduate degree in Psychology/Philosophy from Claremont McKenna College. This turned out to be a great preparation for life – combining critical thinking with understanding people (particularly myself) -- although I wasn’t “trained” for any specific occupation. Then I got an MBA from Stanford University Graduate School of Business.
History: I came out of Stanford with a good grounding in business principles yet no clue about what I wanted to do in my life. I spent 4 years consulting with small, owner-operated companies and found that I always gravitated toward the real estate guys. They were no bull-shit types who seemed genuinely excited by what they were doing. I approached one of my clients, the owner of the largest construction company in St. Louis, and told him that even though I wasn’t an engineer, I felt certain that I could help him to grow his business. He hired me at that lunch and I’ve never looked back.
Obstacles: I’ve made more mistakes in this business that I can count. Since every project is different, there is no template, no book you can pick off the shelf that will tell you exactly how to approach each project. I’ve had monumental failures – for example, spending nearly 4 years and $10mm of The Walt Disney Company’s money on a project that didn’t go forward. The key is to learn from your mistakes (even better to learn from other people’s mistakes) and integrate those lessons into your next opportunity.
Mentors: The most powerful example in my life was the guy who brought me into the real estate business, Mike McCarthy. He demonstrated every day how passion, commitment, and caring deeply about the individuals on your team can produce incredible results. Jim Rouse was also an inspiration in my development career. His philosophy, indeed, his life mission – identify and meet a real need in the community with great integrity – has profoundly shaped how I think about my work.
Advice: There is no substitute for persistence, not brains, not money, not connections. Once you decide what it is you were meant to do, you need to commit to it with every fiber of your being. That is why doing what you love is so important because it will never feel like work. And the world will respond to your conviction and dedication in ways that will defy your imagination.
Age: 54
Occupation/Job Title: Real Estate Developer/ Managing Director and Owner of RCLCO, a real estate advisory and development services firm.
Job Description: My role is to conceptualize and implement real estate projects which make economic sense and benefit the community in which they are located. Examples include The New Amsterdam Theater in NY, Paseo Colorado in Pasadena, CA, and Hollywood and Highland/Kodak Theater in Hollywood, CA.
Education: Undergraduate degree in Psychology/Philosophy from Claremont McKenna College. This turned out to be a great preparation for life – combining critical thinking with understanding people (particularly myself) -- although I wasn’t “trained” for any specific occupation. Then I got an MBA from Stanford University Graduate School of Business.
History: I came out of Stanford with a good grounding in business principles yet no clue about what I wanted to do in my life. I spent 4 years consulting with small, owner-operated companies and found that I always gravitated toward the real estate guys. They were no bull-shit types who seemed genuinely excited by what they were doing. I approached one of my clients, the owner of the largest construction company in St. Louis, and told him that even though I wasn’t an engineer, I felt certain that I could help him to grow his business. He hired me at that lunch and I’ve never looked back.
Obstacles: I’ve made more mistakes in this business that I can count. Since every project is different, there is no template, no book you can pick off the shelf that will tell you exactly how to approach each project. I’ve had monumental failures – for example, spending nearly 4 years and $10mm of The Walt Disney Company’s money on a project that didn’t go forward. The key is to learn from your mistakes (even better to learn from other people’s mistakes) and integrate those lessons into your next opportunity.
Mentors: The most powerful example in my life was the guy who brought me into the real estate business, Mike McCarthy. He demonstrated every day how passion, commitment, and caring deeply about the individuals on your team can produce incredible results. Jim Rouse was also an inspiration in my development career. His philosophy, indeed, his life mission – identify and meet a real need in the community with great integrity – has profoundly shaped how I think about my work.
Advice: There is no substitute for persistence, not brains, not money, not connections. Once you decide what it is you were meant to do, you need to commit to it with every fiber of your being. That is why doing what you love is so important because it will never feel like work. And the world will respond to your conviction and dedication in ways that will defy your imagination.
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Then I got an MBA from Stanford University Graduate School of Business. عقارات السعودية
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