A Quote by Bethany McLean
Capital isn't this pile of money sitting somewhere; it's an accounting construct.
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I'm still fighting for parts - it's not like I'm sitting with a big pile of scripts putting them in a 'yes' and 'no' pile.
Without market prices for capital goods, accounting is not possible. You don't know if you are making money or losing money, saving resources or wasting them, doing the right thing or not doing the right thing.
You have to spend a lot to make a lot. It's not like I'm sitting on top of a pile of money.
Accounting consequences do not influence our operating or capital-allocation decisions. When acquisition costs are similar, we much prefer to purchase $2 of earnings that is not reportable by us under standard accounting principles than to purchase $1 of earnings that is reportable.
The geographical movement of money and commodities as capital is not the same as the movements of products and of precious metals. Capital is, after all, money used in a certain way, and is by no means identical with all money uses.
The great myth is the manager as orchestra conductor. It's this idea of standing on a pedestal and you wave your baton and accounting comes in, and you wave it somewhere else and marketing chimes in with accounting, and they all sound very glorious. But management is more like orchestra conducting during rehearsals, when everything is going wrong.
Capital, however capital may be defined, would practically cease to exist as an income producing fund, for the simple reason that if money, wherewith to buy capital, could be obtained for one-half of one per cent, capital itself could command no higher price.
People look at me in many ways. They've said, 'The guy has no regard for money.' That is not true. I have had regard for money. It depends on who's saying that. Some people worship money as something you've got to have piled up in a big pile somewhere. I've only thought about money in one way, and that is to do something with it. I don't think there's a thing I own that I will ever get the benefit of except through doing things with it. I don't even want the dividends from the stock in the studio, because the government's going to take it away. I'd rather have that in (the company) working.
There's almost too much venture capital in India - there are issues with seed capital, but for venture capital, there's a lot money chasing deals here.
I love sitting through long things. I mean, 'Gone With the Wind' I will sit through; I love sitting somewhere for four hours, for anything. I love being on a train. I love sitting down for four hours. I think it's the most wonderful thing to be able to sit somewhere and concentrate on something for more than two hours.
I always tell new people in show business. I say, "Look, show business pays you a lot of money, because eventually you're gonna get screwed. And when you get screwed, you will have this pile of money off to the side already." And they go, "OK, OK. OK, you ready? You ready?" "I got screwed." "You got the pile of money?" "Yeah, I'm fine." I mean, that's the way it works.
I don't really care about money. I find money boring and accounting boring, so I'm probably not going to ever make a lot of money.
Accounting rules give financial institutions flexibility about when they choose to recognize venture capital profits.
If you can read the world as a construct, you can ask questions of the construct, and you can suggest ways to change the construct.
When economists speak of money, they neglect that all money and credit is debt. That is the essence of bookkeeping and accounting. There are always two sides to the balance sheet. And one party’s money or savings is another party
You have to understand accounting and you have to understand the nuances of accounting. It's the language of business and it's an imperfect language, but unless you are willing to put in the effort to learn accounting - how to read and interpret financial statements - you really shouldn't select stocks yourself
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