A Quote by James Packer
You can say on one hand the market is crazy but it's not 1999. People have had their medicine from overexuberance. I find it really interesting that those two businesses, Yahoo! and Google, which are just online advertising businesses, are valued at more than the media behemoths in America.
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Online advertising works, although it lands especially on search engines like Google and Yahoo. They achieve much higher revenues online than the websites of publishing companies.
There are only two kinds of businesses in this world: Businesses in crazy competition, and businesses that are one of a kind.
If you look at America, one of the great strengths of America is its university towns and the way a lot of their businesses and a lot of their innovation and enormous economic growth have come from reducing that gap, getting those universities directly involved in start-up businesses, green field businesses, new development businesses.
More and more people are opening online stores and online retail businesses. This market is expanding very, very quickly.
If you bring [tax] rates down, it makes it easier for small business to keep more of their capital and hire people. And for me, this is about jobs. I want to get America's economy going again. Fifty-four percent of America's workers work in businesses that are taxed as individuals. So when you bring those rates down, those small businesses are able to keep more money and hire more people.
Big businesses have always had a lot more voice. They can afford advertising; they can afford marketing. But for small businesses, being able to quickly and cheaply connect to customers is a big deal.
My new mission is, and I've said this to the White House, I want the Buy America to be real. I want the Buy America to be by small businesses, African American businesses, Latino and Asian, but in particular our African American businesses who heretofore couldn't even find the front door of government contracts.
Jon Miller would be amazing for Yahoo because he is extremely good at building display advertising businesses and buying young startups.
Small businesses were slower than large businesses in adopting broadband. One of the reasons was they were concerned with putting their customer lists online or in the cloud.
The most objective measurement we have is that the market actually valued the two split Ethereums more than it valued the one original Ethereum; the market viewed it as a good thing, and I don't see it as any sort of disaster whatsoever.
I suppose once in a while, a filmmaker makes a movie that's more than just a sum of its parts, more than good acting or good filmmaking. It's something else that has nothing to do with what you've done. This is in 1999, made by people in 1999 for people in 1999 about people in 1999.
And what's interesting, and I don't think a lot of Americans understand this fact, is that, one, most new jobs are created by small businesses; two, most small businesses pay tax at the individual income tax, or many small businesses pay tax there.
While it is often true that the enemy of my enemy is my friend, it seems like Yahoo's almost obsessive focus on Google is taking away from its other businesses.
Because I work with entrepreneurs who own businesses, I have found Doug Tatum's No Man's Land to be a really helpful body of working knowledge. It's very applicable to most businesses that have the usual problems of growing businesses - managing people, capital, markets, etc.
Mahalo's business model is advertising. Yahoo, Google, Ask, AOL and MSN are all advertising-based. So I don't see anything wrong with advertising-based search.
There are two ways to approach the market. You can guess which direction prices will go in next, or you can figure out what businesses and their securities are really worth.
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