A Quote by Harold S. Geneen
In the business world, everyone is paid in two coins: cash and experience. Take the experience first; the cash will come later.
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Cash is the lifeblood of your business. There are very few things in business that will kill you, but running our of cash is one of those things. You can recover from almost any other mistake, but if you run out of cash you're dead.
There are two kinds of businesses: The first earns 12%, and you can take it out at the end of the year. The second earns 12%, but all the excess cash must be reinvested - there's never any cash. It reminds me of the guy who looks at all of his equipment and says, 'There's all of my profit.' We hate that kind of business.
Cash, though, is to a business as oxygen is to an individual: never thought about when it is present, the only thing in mind when it is absent... When bills come due, only cash is legal tender. Don't leave home without it.
In so many ways, our business is very, very unique. For example, in India, people pay with cash, and we accept cash from day one. And a lot of people in India pay with cash. And that's part of our business model.
We want to use cash. The reason we haven't used our cash two years ago, we just didn't find things that were that attractive. But when people talk about cash being king, it's not king if it just sits there and never does anything. There are times when cash buys more than other times, and this is one of the other times when it buys a fair amount more, so we use it.
The essence of a good investment manager is one who studies a given business and extrapolates the future cash flows that the business is likely to generate over the next several years. Based on the cash flow and asset assessment, they can then arrive at their expected rate of return if they bought a fraction of that business at a given price.
I’m not the smartest guy in the world, but I’m certainly not the dumbest. I mean, I’ve read books like "The Unbearable Lightness of Being" and "Love in the Time of Cholera", and I think I’ve understood them. They’re about girls, right? Just kidding. But I have to say my all-time favorite book is Johnny Cash’s autobiography "Cash" by Johnny Cash.
The capping of cash transactions will help the banks reduce cash intensity.
I love Johnny Cash, and I respect Johnny Cash. He's the biggest. He's like an Elvis in this business, but no, he's never been the rebel.
We wonder, what if we got rid of cash? After all, cash is what keeps terrorists, drug dealers and gun dealers in business.
Cash-payment never was, or could except for a few years be, the union-bond of man to man. Cash never yet paid one man fully his deserts to another; nor could it, nor can it, now or henceforth to the end of the world.
The first core value we have is that everyone deserves a Cinderella experience. And I have experienced a Cinderella experience. And I really believe that most people who've come to Rent the Runway have had a Cinderella experience.
I was a kid who was born and raised on Johnny Cash. My father played 'At Folsom Prison' constantly. Cash was the only thing I remember coming from our big, warm stereo console. Even then, I knew Cash was uncool. I knew he was an unhip Republican.
The restaurant business had a profound effect on my future and that of my two brothers. When we were able to stand on a stool to reach the sink, we washed dishes, and later, when we could see over the counter, we waited tables and managed the cash register.
The World Bank and others have been converted to conditional cash transfers (CCT). These provide poor people with cash on condition they send their children to school and for medical treatment.
A failure is a man who has blundered, but is not able to cash in the experience.
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