A Quote by James Daly
Certainly there are bubble-like valuations of certain companies, but I don't think anyone out there believes that we're going to go back to doing business the way we used to do business.
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I think my dad [ Stephen Hawking] would have been pleased if I had turned out a scientist because he truly believes that is the most interesting career open to anyone. But he also believes that you have to follow your own path in life and so he certainly wasn't going to push me toward theoretical physics when it didn't look like I was going in that direction naturally.
Nobody in my generation ever started out in private equity. We got there by accident. There was no private equity business - actually, the word didn't even exist - when I started. I got there out of the purest of happenstance and so I think many people find what they really enjoy doing just in that way. So another piece of advice for you is: don't worry too much about what you're going to be doing when you get out of business school - life will come your way.
It used to be that American and European companies built their products in low-wage countries, separated by great distances from the innovators who developed the products and the markets where they were sold. But companies increasingly find that is an outmoded way of doing business.
The reason I grew so fast in the supermarket business, without help of the banks in those days, was through my vendors. I convinced my vendors, the companies I was doing business with, if I did more business, they would do more business.
I'm certainly a real homebody. But the truth is that I understand that desire to, in a way, go join the circus. That's what got me out of Long Island and into show business. I was like, 'I'm just going to have an adventure. I want to be a person that isn't surrounded by their mail and their cat.'
We need a new way of doing business to get out of the present crisis ... Absolute greed has come close to bankrupting the world. Thanks to the crisis that certain businesses have dumped on everyone a lot of people are going to suffer on a global scale. All of us must learn. It is all the more important that those business leaders that are left standing try to be a force for good.
I always try and watch how business people think. I like to read a lot about business people. I'm not going to say I've got a great business mind, but I enjoy learning from the world of business.
In business, every phase of things counts. Companies that just yell out a low price today to win business aren't going to make money in the long term.
The way the business things work in Russia is you have to meet people, you have to go through a certain amount of etiquette and business things are done just simply by a shake of the hand and whether they like you or not.
I think the only word I can use to describe what I'm doing today is feeling free. Of course, it's a business - it's about money at the end of the day, but it's about ideas as well. When you treat fashion only like a business, you're not going to go anywhere; when you push on that, we have the chance to express ourselves.
In a family business, you grow up with close contact to the business, whatever it is, and the beer business is certainly a very social type of business.
The best way to look at any business is from the standpoint of the clients. So there are these certain basic things that aren't going to change. Companies are going to have needs for equity, debt, advice, FX, and derivatives. Individuals are going to have needs for auto loans, mortgages, something that looks like a deposit account, and the ability to send money to people. Those things aren't going to change.
Acting is a cruel enough business. One minute everyone's going 'Hey!' and the next they're going 'Who?'. You certainly don't need people knowing your private business, especially if you want to come out with your head still attached.
We ought to start running the government like a private-sector business. I have that ability as CEO of our companies. I have line item vetoes, and if I didn't, we'd probably be out of business by now.
Whenever you're in a chaotic environment, there are some of the best opportunities. Nobody knows where the music business is going, but I know one thing: it's going to be about fan-artist relationships and how you monetize that. The business isn't going to turn around the way we're doing it now.
Acting is a cruel enough business. One minute everyones going Hey! and the next theyre going Who?. You certainly dont need people knowing your private business, especially if you want to come out with your head still attached.
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