A Quote by John C. Malone
The curse of the cable industry over all these years as an operating reality is that every year the debt goes up (and) all the money generated gets reinvested, and then some.
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Science is a capital or fund perpetually reinvested; it accumulates, rolls up, is carried forward by every new man. Every man of science has all the science before him to go upon, to set himself up in business with. What an enormous sum Darwin availed himself of and reinvested! Not so in literature; to every poet, to every artist, it is still the first day of creation, so far as the essentials of his task are concerned. Literature is not so much a fund to be reinvested as it is a crop to be ever new-grown.
You, as a wage earner have to pay your taxes every year on your income for that year. So if you have a one-time windfall that makes you a lot money you could end up in the top tax bracket. But if you're a corporation you are allowed to reach forward with deferrals for years. Over a 45 to 50 year period, you can balance out the winning years and the losing years in such a way that you pay very little tax, especially considering the time-value of the money.
The restructuring theme can be of various kinds. Some amount of debt gets serviced out of cash flows, some gets back-ended and resolved with sale of non-core assets of the company, and some debt gets converted into equity which might today look like a haircut.
The problem I have with Bill Parcells is him quitting. I don't like guys quitting. If you sign up for something, finish the job get the job done. Don't quit. It is a three-year formula, he goes in, gets his three years and then he quits and walks out of there with a bucket full of money. I don't like that part of it
You ask everybody you know: How long does it usually take to get over it? There are many formulas. One year for every year you dated. Two years for every year you dated. It's just a matter of will power: The day you decide it's over, it's over. You never get over it.
What people don't realize is that the initial sales of an album isn't where the bulk of your returns come from. It happens over time, sitting in the catalog, picking up commercials, getting included on packages here and there - there's years and years of pipeline money that goes on. That's where real money comes from - building that body of work.
The model for our early bankruptcy laws was Deuteronomy, the idea that, under certain circumstances - in Deuteronomy, it is simply the passage of seven years' time - people are released from debt, simply because they are released from debt. No more debt. You start over again. This has been a very powerful model in this country. It's being destroyed now. People talk about how much new employment, new wealth, and so on are continuously generated in this country.
In January we start saving money, getting out of credit card debt, funding our retirement accounts, and we're doing wonderful. Then, every single year like clockwork, starting in November, all of you fall into this trap that says, 'I have to buy this gift... I can't show up at this party and not have something for everybody.'
In January we start saving money, getting out of credit card debt, funding our retirement accounts, and we're doing wonderful. Then, every single year like clockwork, starting in November, all of you fall into this trap that says, 'I have to buy this gift... I can't show up at this party and not have something for everybody.
I doubt anybody gets taken seriously for very long. I'll be on some reality show in about six years going, Hey, I had a great year in 2006.
If we keep kicking the can down the road, if we follow the president's lead or if we pass the Senate budget, then we will have a debt crisis. Then everybody gets hurt. You know who gets hurt first and the worst in a debt crisis? The poor, the elderly. That's what we're trying to prevent from happening.
Every year, I have a tournament in Czech Republic, so there are a lot of things I'm trying to do. Sometimes the money goes towards children; sometimes it's for wheelchair tennis players. I try to change it so everybody gets something.
Money is a good thing, but every morning you have to get up with something no one else in the world gets up with - that's that image. That face you see in the mirror, you got to love it, and you better do some things that you feel good about inside of you. Of course, money is going to come, but make certain that you do some good with it.
There's a lot that goes into being able to play every game and every practice and take every rep. Every year it gets a little bit harder, but I also enjoy that challenge.
This is just the way it goes: there's always a cycle with music - it goes up and it goes down, it goes risque and it goes back, it goes loud then it goes soft, then it goes rock and it goes pop.
With the absence of a flu vaccination last year, I did not take a flu shot; but there is still some immunity that carries over from year to year; but about every 30 years, there is a major change in the genetics of the flu virus.
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