A Quote by Ingvar Kamprad
I decided that the stock market was not an option for IKEA. I knew that only a long-term perspective could secure our growth plans, and I didn't want IKEA to become dependent on financial institutions.
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IKEA is not completely perfect. It irritates me to hear it said that IKEA is the best company in the world. We are going the right way to becoming it but we are not there yet.
I feel many responsibilities - to our customers, to our employees, to the environment, to the world at large. But I don't want to feel responsible to investors, to outsiders with financial concerns that may differ from those of the welfare of IKEA.
I'm a bit tight with money, but so what? I look at the money I'm about to spend on myself and ask myself if IKEA's customers can afford it... I could regularly travel first class, but having money in abundance doesn't seem like a good reason to waste it.. If there is such a thing as good leadership, it is to give a good example. I have to do so for all the IKEA employees.
To restore confidence in our markets and our financial institutions so they can fuel continued growth and prosperity, we must address the underlying problem. The federal government must implement a program to remove these illiquid assets that are weighing down our financial institutions and threatening our economy.
The underlying strategy of the Fed is to tell people, "Do you want your money to lose value in the bank, or do you want to put it in the stock market?" They're trying to push money into the stock market, into hedge funds, to temporarily bid up prices. Then, all of a sudden, the Fed can raise interest rates, let the stock market prices collapse and the people will lose even more in the stock market than they would have by the negative interest rates in the bank. So it's a pro-Wall Street financial engineering gimmick.
I can't figure the stock market out. I think it's wacky. I have done well with a long-term strategy and will continue being a long-term investor.
You know I used to work at Ikea, selling over 7,000 products. Give me a number between 1-7,000 I'll tell you about it. Sorry out of stock, lucky you chose that one.
I look at the money I'm about to spend on myself and ask if IKEA's customers could afford it.
The financial time frame always has been short-term. Projects with long-term paybacks are cut back, because CEOs and financial managers simply want to take their money and run. That is the financial mentality.
I want to make a positive point of Ikea. It makes income inequality a minor distraction.
So the stock market could have a negative wealth effect and weigh on capital spending, but a sharp decline in long-term interest rates would be an important counterweight.
We believe a large-scale, next-generation venue will not only become a premier destination, but also drive growth in London's overall music and entertainment market, benefiting artists and fans, and serving as a long-term investment in the future of this incredible city.
India is a country with huge potential, and it remains an attractive high priority market for PepsiCo. We believe we have only scratched the surface of long term growth opportunities that exist for PepsiCo and our partners.
Short-termism is no longer an option. We have to envisage humanitarian action with a medium- and long-term perspective.
We got to his place and it looked a lot like his personality. Just a bunch of space filler, nothing to really wow you. It looked like he had bought a lot of stuff from IKEA and then decided to refinish it at home. Everything was neat and tidy, but you wouldn't want any of it for yourself.
There's no denying that a collapse in stock prices today would pose serious macroeconomic challenges for the United States. Consumer spending would slow, and the U.S. economy would become less of a magnet for foreign investors. Economic growth, which in any case has recently been at unsustainable levels, would decline somewhat. History proves, however, that a smart central bank can protect the economy and the financial sector from the nastier side effects of a stock market collapse.
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