A Quote by Mohamed El-Erian
Once you start moving [market] lower, then you trigger of all sorts of things. You trigger people who have to sell because they're over-levered. So they sell their winners and their losers. They're just trying to raise cash. So, what you then get is spreading malaise throughout the global markets.
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[When] the market is trying to get to terms with, first, lower global growth, particularly out of emerging markets and China. And, second, the market is worried the central banks have run out of ammunition. So put these two things together, and then investors are repricing the market lower.
Everything that works in sales has been done already. Just keep track of the crap that you buy, or the awesome stuff that you buy, and decide what was the trigger, and then just sell to people like you. It's really that easy - and that's what I do.
You cannot just depend on the market, because the market will say: China needs oil; China needs coal; China needs whatever, and Africa has got all these things in abundance. And we go there and get them, and the more we develop the Chinese economy, the larger the manufacturing is, the more we need global markets - sell it to the Africans which indeed might very well destroy whatever infant industries are trying to develop on the continent. That is what the market would do.
First there are those who are winners, and know they are winners. Then there are the losers who know they are losers. Then there are those who are not winners, but don't know it. They're the ones for me. They never quit trying. They're the soul of our game.
Once you start trying to sell creativity, you're always going to run into the problem that the people selling it aren't as creative as the people making it, and the people making it don't know how to talk business with the people trying to sell it.
You start in bars and then restaurants, then you want to get into comedy clubs where you feature, then you headline, and once you sell out clubs you're into theaters. I've been able to get there, and it's cool to do that.
So winners, Hae-Joo proposed, are the real losers because they learn nothing? What, then, are losers? Winners?
This is a war universe. War all the time. That is its nature. There may be other universes based on all sorts of other principles, but ours seems to be based on war and games. All games are basically hostile. Winners and losers. We see them all around us: the winners and the losers. The losers can oftentimes become winners, and the winners can very easily become losers.
What's when you rap and don't appreciate the art?
What's when you sell out just to get a start?
What's when you make bullshit just for the charts?
What's when you rap, but it's not from the heart?
What's when you're hardcore, then you turn pop?
When you steal ideas to get props?
When you sell out to be on top?
What's when you front like you're hard, but you're not?
That's a gimmick.
Go into business, sell a product, sell a service, you're automatically a suspect to people like Barack Obama and Hillary Clinton - unless you donate to them, and then you become their closest friends, and then we get cronyism.
On Startups: "I hate it when people call themselves "entrepreneurs" when what they're really trying to do is launch a startup and then sell or go public, so they can cash in and move on.
I've made it very clear that the government should get out of the business of trying to affect the markets, of trying to pick winners and losers.
Raise as little as you can to get you to something that you can show - plus maybe a quarter or two so you have a little bit of cushion - and then raise some more money. Raise as little - not as much - as you can because that's the most expensive equity you're going to sell.
People often panic when the markets go down and sell off their stocks - but then they aren't in the game when the markets are doing well.
We're trying to sell peace, like a product, you know, and sell it like people sell soap or soft drinks. And it's the only way to get people aware that peace is possible, and it isn't just inevitable to have violence. Not just war - all forms of violence.
I'm a Catholic, and I have always been fascinated by not just my religion, but religion in general, in the sense that it is the ultimate brand that they're trying to sell. Whereas Ford is trying to sell cars, the Vatican is trying to sell salvation, which is a much better product to be peddling.
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