A Quote by Jeffrey Sachs
In the early 1990s, when a lot of the developing world opened up to international capital flows... they ended up in very good long-term projects, but projects that weren't going to pay off for five or 10 or 20 years.
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They are damn good projects - excellent projects. That goes for all the projects up there. You know some people make fun of people who speak a foreign language, and dumb people criticize something they do not understand, and that is what is going on up there - God damn it!
My projects have typically taken a long time to complete. Buildings might take on average about five to seven years to finish, but in my case it's been longer, because the projects I have accepted within the past 15 years have been mostly government projects, and those involve some politics and funding issues, and approvals and so forth. So they're slower.
Empowering innovations require long-term investments, which tie up capital for years and years. So companies are using capital to create more capital, and consequently, the world is awash in capital, but the innovations we need to advance aren't there.
I really had the right nose for making the right decisions, in terms of which projects to do and which projects to stay away from. The people that I ended up becoming very close to in my career are the guys who inspire me.
I like to work long-term on projects. It's fun to go in and out and get in there and do something and leave it behind, but to me, the real satisfaction is doing five years on a show, where you're really just up to your eyes in it. It's part of your life. That's what makes me the happiest.
I was lucky enough to co-found a business in college that ended up with 400 employees, and I launched 20 different projects while I was there - a project a week.
One of the most important things for a country, particularly when it's seeking to attract long-term capital in big risky projects that are going to have a payback over many years if not decades, is to be seen as being a predictable environment where tax changes will be few. But if they are going to come about they'll come about in a way that you know is predictable, understandable.
In Asia, a lot of successful economies that had been living on their own saving, decided to open up their financial markets to international capital in the early 1990s. So here were countries doing quite well, but they decided to borrow a bit more and do even better.
In Asia, a lot of successful economies that had been living on their own saving, decided to open up their financial markets to international capital in the early 1990s. So here were countries doing quite well, but they decided they'd borrow a bit more and do even better.
I learned to focus my energy on high-quality, long-term projects rather than lower-quality projects with quicker payoffs.
We've run out of good projects. This is not a money issue... If these oil companies had fantastic projects, they'd be out there [developing new fields].
I don't want projects to take 10 years to set up. That adds to the cost.
I made a decision to live outside the city in northern California. My agent said to me, 'Kid, you're going to make a mint in television movies.' He positioned me, and we picked really good projects, and I cornered that market. They were 20-day projects.
A lot of the projects I've allowed myself to get involved with over the past few years have made me a bit unfocused. It's just so ridiculously easy to do things here; if you're part of the scene, in five minutes you can wind up with two gigs within three days of each other. There's too much going on here and that's a bad thing, to me. Unless you want to jam, and then it's good.
Every year, I have given Rs 20,000 crore worth of projects to HAL. But the previous UPA government gave just Rs 10,000 crore projects.
For minority actors, developing our own projects has to be the eventual path. We have a lot of stories to tell and a really unique voice. But none of that is going to be heard as long as we're just the hired hands, acting.
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