A Quote by Larry Ellison
Everyone thought the acquisition strategy was extremely risky because no one had ever done it successfully. In other words, it was innovative.
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Playing President Clinton (in Primary Colors) was risky and challenging. Some people thought Saturday Night Fever was risky, because no one had danced in movies for years.
I thought, "why don't we be innovative and create something nobody had ever done before?" It was a huge hit and we immediately did a sequel with Chris Rock, Morgan Freeman, Tina Turner and Maya Angelou.
If your strategy calls for you to be in America, then you will go into America. If your strategy calls for you to be in M&A, then you'll do an acquisition. You usually acquire a company to acquire technology, geographic advantage, etc. Similarly, geographic expansion is very much like M&A. It's done to advance a strategy.
I had done drama at university, but I never thought I could be a director. There were so few female directors then. I just assumed you had to be a man to be a director. I also assumed you had to be extremely authoritarian and extremely intellectual, none of which I was.
It is crucial to have a strategy in place before problems hit, precisely because no one can accurately predict the future direction of the stock market or economy. Value investing, the strategy of buying stocks at an appreciable discount from the value of the underlying businesses, is one strategy that provides a road map to successfully navigate not only through good times but also through turmoil.
After I released 'Jesus, Take the Wheel,' people started saying, Oh, it's kind of risky. You're coming out with a religious song. And I was thinking, Really? I grew up in Oklahoma; I always had a close relationship with God. I never thought it was risky in the least. If anything, I thought it was the safest thing I could do.
Who would have ever thought I'd find love, contentment and joy in a prison cell, but I did. I knew that I knew that I knew that day, I'd been released, and I thought to myself, "I need to tell everyone about this" because no one had ever told me.
The Berlin Defence suited my strategy for the match. I had a defensive strategy - Actually, I had in my pocket some other sharper stuff to fall back on - but first I wanted to try the defensive strategy with Black and it worked so well.
I don't think the space station is innovative. Going to the moon was innovative because we had no idea how to do it.
I do think that it's really important for leaders of countries to be very clear and careful in the statements they make because their words are weighed extremely carefully by other countries, and you have to create a continuity of seriousness and of credibility in order to be able to be taken seriously and get things done.
Some professional writers write everyday no matter what and perhaps that's the way it should be done, but it's not the way I do it. If I'm not pregnant with words and I'm not in labor with them, I don't even try to bring them forth because they won't be any good anyway. Once I'm ready to deliver, it's like being pregnant. I've got to find a typewriter or a piece of paper. The only words that have ever had any possible value to others seem to have been those words that just had to come out.
I found ways to maintain my performance through working with professionals and doing things that other people weren't doing. Later in my career, I had a great physical therapist who kept me out on the track. We were doing innovative things like ice baths back in the early '80s when everyone else thought it was crazy.
Dropping of the atomic bomb was the main subject of conversation for many years and so people had very strong feelings about it on both sides and people who thought it was the greatest thing they'd ever done and people who thought it was just an unpleasant job and people who thought they should have never done it at all, so there were opinions of all kinds.
I never knew I was poor until I got older because we just had so much fun. I thought everyone had grilled cheese night and that everyone had Cup-O-Noodles for dinner on Fridays.
An effective strategy almost always involves both doing something and not doing something, and knowing when to choose the right alternative. To succeed, the strategy that is chosen ultimately depends on the acquisition of as much information as possible.
Every President I think I've ever known, except Truman, has thought they didn't quite get done what they wanted done. And toward the end of their Administrations, they were disappointed and wished they had done some things differently.
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