The returns from investing in poor people are just as great as the returns from investing in the business world... and have even more meaning
The biggest mistake investors make is to believe that what happened in the recent past is likely to persist. They assume that something that was a good investment in the recent past is still a good investment. Typically, high past returns simply imply that an asset has become more expensive and is a poorer, not better, investment.
I strongly believe that missionaries make better products. They care more. For a missionary, it's not just about the business. There has to be a business, and the business has to make sense, but that's not why you do it. You do it because you have something meaningful that motivates you.
If you want to attract more investment, foreign investment, more talent, more business, I think having some level of certainty that the business environment respects, those who have been your partners for a long time, is important.
What you pay for an investment is the single biggest determinant for how successful that investment will be. When equity prices are high, your returns will be lower. When they are cheap, your returns will be higher.
Almost all the noblest things that have been achieved in the world, have been achieved by poor men; poor scholars, poor professional men, poor artisans and artists, poor philosophers, poets, and men of genius.
People I respect complimenting me on my work in fashion is more exciting to me than anything I ever achieved as a Spice Girl. I am now competing in an arena where I can hold my head high. I feel quite confident in what I'm doing now, much more than the singing. I was never going to give Mariah Carey any competition.
For any sport to be sustainable, it cannot survive on government or corporate grants alone. The sporting ecosystem needs more investments from businesses, and businesses need to see the returns from their investment in sport. Cricket has achieved that distinction, but I feel a country of a billion-plus people cannot remain captive to one sport.
Investors should always keep in mind that the most important metric is not the returns achieved but the returns weighed against the risks incurred. Ultimately, nothing should be more important to investors than the ability to sleep soundly at night.
We monitor close to 50 companies globally that can be potential investment opportunities. I'd like to see DST as a significant global investment company in the Internet arena.
The best business returns are usually achieved by companies that are doing something quite similar today to what they were doing five or ten years ago.
I've had a lot of successes as a songwriter, and I really have nothing to prove in that arena, so I'm just excited about the next challenge of pursuing this artist thing.
It's not even a question of whether the universe is meaningful or meaningless. It's in what way could it be meaningful, or in what way, if it was meaningful, could that be even more meaningless than normal meaninglessness?
I've often felt there might be more to be gained by studying business failures than business successes.
One thing I wanted to say in my Tony speech, which I didn't because I forgot what I was doing because I couldn't believe the view from where I was standing, was that I really, truly believe in an investment in young people in the arts. It is an investment in a more beautiful world.
There is no such thing as guaranteed high investment returns. Be wary of anyone who promises that you will receive a high rate of return on your investment with little or no risk.