A Quote by Howard Schultz
Anybody can leverage celebrity for profit.
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You're starting to see more and more athletes recognizing their reach and how much leverage and power that they have in their celebrity and in their platform. And more and more guys are trying to use that leverage to better their communities, to better this country and are speaking out on injustice.
I've seen more people fail because of liquor and leverage -- leverage being borrowed money. You really don't need leverage in this world much. If you're smart, you're going to make a lot of money without borrowing.
People with leverage have dominance over people with less leverage. In other words, just as humans gained advantages over animals by creating leveraged tools, similarly, humans who use these tools of leverage have more power over humans that do not. Saying it more simply, 'leverage is power'.
The [liberals] consider profits as objectionable. The very existence of profits is in their eyes a proof that wage rates could be raised without harm to anybody. They speak of profit without dealing with loss. Profit and loss are the instruments by means of which the consumers keep a tight rein on all business activities. A profitable enterprise tends to expand; an unprofitable one tends to shrink. The elimination of profit renders production rigid and abolishes the consumer's control.
To me, there are two types of celebrity: there's good celebrity - people that are attracted to the food and working and trying to create something great - and then there's bad celebrity - those who are working on being a celebrity.
We need to reverse three centuries of walling the for-profit and non-profit sectors off from one another. When you think for-profit and non-profit, you most often think of entities with either zero social return or zero return on capital and zero social return. Clearly, there's some opportunity in the spectrum between those extremes. What's missing is the for-profit finance industry coming in to that area. Look at the enormous diversity of the for-profit financial industry as opposed to monolithic nature of the non-profit world; it's quite astonishing.
Tackling still comes down to leverage and owning that leverage and making your hits.
Relationships are leverage. If you give value to someone else first, you have leverage.
Soros has taught me that when you have tremendous conviction on a trade, you have to go for the jugular. It takes courage to be a pig. It takes courage to ride a profit with huge leverage.
That's a term that I really like - 'permissionless innovation' - because anybody who has an idea and has a solution can tap into or can leverage the Bitcoin blockchain.
People without leverage work for those with leverage.
I suppose people also have to be a little more careful or circumspect if they're going to leverage their celebrity to promote their political aims. The problem is that politics is about the accretion of power, and it's very difficult not to get giddy with power.
We [USA] don't have diplomatic leverage to eliminate every vestige of a peaceful nuclear program in Iran. What we do have the leverage to do is to make sure that they don't have a weapon.
They're out there, this appalling idea that there are companies that profit - not just profit but profit enormously - through war.
Perhaps profit isn't everything, but nothing works without profit. Profit is the basis for independent journalism.
When you have a celebrity who is willing to shine his personal spotlight on the non-profit and can also speak articulately about the mission, that's really the best of both worlds.
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