A Quote by Dominic Cummings
Billionaires who want to influence politics could get better 'returns on investment' than from early stage Amazon.
Quote Topics
Quote Author
Related Quotes
I said the only way I would join Pets.com was if I could get Amazon to invest, and I did. I knew that anything that could be sourced externally, Amazon could do better and cheaper than anyone else except Walmart. It was really obvious to me.
That's the miracle of Amazon! It's like Internet dating. In the early days, you could get slimed as an author on Amazon by someone bearing a grudge, or jealous, or whatever. And because there were so few reviews posted, this stank.
We must reduce the influence of money in politics, beginning by overturning Citizens United and taking back our system from the millionaires and billionaires who can give unlimited and undisclosed amounts of money to influence our elections.
When I left politics in the early Eighties and started writing and recording, my idea was that I could have an influence further down into other generations. That Natives could come into the culture through arts and music.
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.
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.
It has been our experience that if a young man decides to go on a mission, he can not only play well when he returns, he will often play better. If an athlete could play well before he went on a mission, he will definitely play well when he returns; and, if an athlete could not play well before his mission, he probably won't play well when he returns. However, his chances of playing well are perhaps better if he goes because he will return with . . . better work habits, and a better knowledge of what it takes to be successful.
If you're a retailer, and you want to sell the same products that Amazon is selling, well, Amazon is going to have a better consumer experience. Better prices. You have no chance to be successful. If it's not completely different, close up, go home, give up.
Seed stage is an investment area that is really important for early stage startups. It feels like there is a need for trusted, experienced people to work with and to guide startups at this level.
Enjoy the magic of compounding returns. Even modest investments made in one's early 20s are likely to grow to staggering amounts over the course of an investment lifetime.
I was an empty shell. Like a vacant house?condemned?for months I'd been utterly uninhabitable. Now I was a little improved. The front room was in better repair. But that was all?just the one small piece. He deserved better than that?better than a one-room, falling-down fixer-upper. No amount of investment on his part could put me back in working order.
If your broker or investment advisor is not familiar with the concept of standard deviation of returns, get a new one.
Mitt Romney was treated very unfairly. Mitt Romney didn't want to give his tax returns, because people don't understand returns that are complicated, and complex. And he didn't give it. He fought it, fought it, fought it, all the way into September. A month before the election, he gave his tax returns. And they picked out two items that were absolutely perfect. He did nothing wrong. And his returns are very much smaller than my returns.
One of the things that has been truly incredible to observe though, is the amount of venture investment that has gone into early stage security technology.
You never know what could happen. Someone could get injured early in the game, so everyone knows they have to be ready. Anyone can come on at any stage in the game and make the difference.
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.
Related Authors
Andrew Yang Quotes
American
Public Servant
Ben Bernanke Quotes
American
Public Servant
David Frum Quotes
American
Public Servant
Elizabeth Warren Quotes
American
Public Servant
Henry Paulson Quotes
American
Public Servant
James Comey Quotes
American
Public Servant
Janet Reno Quotes
American
Public Servant
Janet Yellen Quotes
American
Public Servant
Karren Brady Quotes
British
Public Servant
Michael Hayden Quotes
American
Public Servant
Mohammed Saeed al-Sahaf Quotes
Iraqi
Public Servant
Paula White Quotes
American
Public Servant
Samantha Power Quotes
Irish
Public Servant
Steve Bannon Quotes
American
Public Servant
Vivek Murthy Quotes
American
Public Servant
Wendy Kopp Quotes
American
Public Servant