A Quote by JJ Ramberg

I talked with people starting up in the middle of the recession and employees, and supplies and office space were cheap. As far as companies that are already in existence, many became more creative with how they spent their money. A lot of them stopped wasting money that they didn't know they were wasting after they looked hard at their businesses. Some had to change business models because of the economy. Their market didn't exist or wasn't as big anymore.
Tech stocks were the cubic zirconium of the market. They looked good and were sexy, but they just were a way for the company selling them to make money. That's always going to be transient in terms of the stock market. What's real is that companies have to compete. Technology used well is a great tool to enable that if only because most companies dont use technologies well.
There were never as many big businesses as people were piling money into in the late 90's or early 2000's. This is really a lesson to institutional investors about how much capital the market can absorb, and it's a 10-year adjustment cycle, and we're only beginning to wake up to that.
Today the patent office is obsolete. You just take whatever you do, tool up, and start production for six months. At the end of the six months you put the data on all the computer inputs all over the world and you got your business. You can make all your money, and then people can steal it, but by then it doesn't matter because you've made the money up front and you avoid wasting money in lawsuits. [My father] had all these kinds of ideas years ahead of others.
I knew I had found my life's passion after writing my first column for The Washington Post. The response was like nothing we had seen in the business section. Everyday people were writing that finally someone was speaking to them in a way that was understandable. I think we were all shocked at how many readers wrote in to say that they too had a Big Mama who taught them about money.
When there were not very many Internet companies, the supply of Internet companies to the market was small and the appetite for them was large. Therefore, if you were in the business of creating Internet companies in 1996-98, you had a market that provided massive demand for that.
When I was eight, an uncle, great uncle, gave a violin to me, and my father took me off to have lessons. After about six weeks, the violin teacher told my father he was wasting his money, wasting his time, and wasting my time, and it's one of my big regrets.
The best way to encourage economic vitality and growth is to let people keep their own money.When you spend your own money, somebody's got to manufacture that which you're spending it on. You see, more money in the private sector circulating makes it more likely that our economy will grow. And, incredibly enough, some want to take away part of those tax cuts. They've been reading the wrong textbook. You don't raise somebody's taxes in the middle of a recession. You trust people with their own money. And, by the way, that money isn't the government's money; it's the people's money.
In Sweden, I went to an English school, where there was a mishmash of people from all over the world. Some were diplomatic kids with a lot of money, some were ghetto kids who came up from the suburbs, and I grew up in between. There's a community of second generation immigrants, and I became part of that because I had an American father.
If the choice is between cooking alive and wasting money unnecessarily I would rather waste some money, because long before we cook we are going to kill each other if we don't deal with climate change.
The businessmen of the world who are not taking environmental matters seriously are just wasting money, aside from damaging the environment it's wasting money and in this economic climate you just can't afford to do that.
I’d say that Berkshire Hathaway’s system is adapting to the nature of the investment problem as it really is. We’ve really made the money out of high quality businesses. In some cases, we bought the whole business. And in some cases, we just bought a big block of stock. But when you analyze what happened, the big money’s been made in the high quality businesses. And most of the other people who’ve made a lot of money have done so in high quality businesses.
Facebook has revealed their estimated net worth - $96 billion. That's almost as much money as businesses lose every year from their employees wasting time looking at Facebook.
When we got quite big and were generating a lot of money through the arenas, we became quite a big thing, and a lot of managers appeared, and it became a big machine, like we were in Pink Floyd or something, and I don't think we were into that. We didn't really compromise.
People thought they were going to make a lot of money. And then at one point, it got too hot, and the government wanted to knock it down. Trying to get it up and then knock it down, both were a mistake. And part of the reason, some people think, is that they wanted to equitize some of their companies. A healthy stock market helps equitize companies and reduce the country's debt burden.
When I say the economy is shrinking, it's the economy of the 99%, the people who have to work for a living and depend on earning money for what they can spend. The 1% makes its money basically by lending out their money to the 99%, on charging interest and speculating. So the stock market's doubled, the bond market's gone way up, and the 1% are earning more money than ever before, but the 99% are not. They're having to pay the 1%.
I had relatives in New York City who I stayed with. And in those days, the area from Union Square down Fourth Avenue had small bookstores, many of which were run by Spanish immigrants who'd fled after [Francisco] Franco's victory. I spent time in them, and also in the offices of Freie Arbeiter Stimme (Free Worker's Voice) with anarchists. I picked up a lot of material and talked to people, and it became a major influence.
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