On Their Foundations for Success:
Donald Trump Jr: Clearly we’ve been given a great foundation to start with, obviously working within our father’s business, to not recognize that would be asinine. But, I think from a very young age we were involved in the business, whether it was Eric and I working in landscaping or as a dock attendant, these kind of things, really starting at the base of the company and working our way up from there.
On Having That Competitive Edge:
Eric Trump: Well, as a company we’re very multifaceted. We have a very big hotel portfolio… we’ve got a great golf portfolio… we’ve got The Apprentice, we’ve got wineries, we’ve got Miss Universe, so many different tentacles that stream into the overall organization. That’s really powerful – powerful from a marketing standpoint, powerful from a brand standpoint.
On Being the Best:
ET: The one consistent element with everything we do, is that everything has to be the best. From a real estate standpoint we want the best assets, they have to be in the best location.
On That Whole Brand-Building Thing:
DTJ: When there’s a problem in one of our places, the letters go to my father directly. There’s a face to the brand, unlike anywhere else, and I think that brand is the best asset we have, and that’s what we have to protect at all costs.
On Being Hands-On:
ET: We’re incredibly hands on. You have to be. And I think the second you stop being hands-on is when the brand starts to deteriorate.
Advice for the Aspiring Businessman:
ET: Well I think the one thing that holds true in our family, is hard work. Also, one of the things that made us successful was that we each picked a little niche and we went after it, and went after it very aggressively.
If you look at us, we’re the first people in the office every day, we’re the last people to leave, we’re always at our assets on the weekend, and that’s important.
On Following One’s True Passion:
DTJ: At the time when I graduated in about 2000, everyone wanted to go into investment banking, because that’s where you could make the most money. Problem is, a lot of the guys, they’re 22-years-old, making almost half a million dollars a year, but they hated it. Hated it. And those are the first guys to get laid-off. I think you have to have a passion for whatever it is you do, don’t just go for the easy money job right out of school.
Favourite brand of suit?
DTJ: Whatever fits well.
Wingtips or Monkstraps?
Scotch or Vodka?
DTJ: I don’t drink, and when I did I was more of a beer guy anyway.
Favourite city other than New York (for a getaway):
DTJ: I’d say either Vancouver or New Orleans.
ET: I love Washington DC. I went to school there, and it’s an incredible place.
Baseball or Football?
DTJ: Wait, I can’t believe in Canada you didn’t even include hockey.
You both like hockey?
DTJ: Oh, much more than anything. Hockey as a professional sport wins.
ET: Yeah, write that answer down: Neither, hockey.