A Quote by Nathan Myhrvold
It's very hard for individual inventors to get paid. For the same reason that private equity is valuable - broadly, that's a good thing - in the case of patents, many that own them aren't in a good position to take the next step.
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If people don't get paid for their inventions, that's not a good thing. In the case of many patents, there are people who aren't in a position to take them to the next level. If you don't enforce your rights, no one is going to enforce them for you.
A good default, like Portugal or Greece, would be very good for the private equity business.
Banks don't want certain asset classes, and that's created opportunities for private equity, hedge funds, Silicon Valley. In this case I think he was referring to some of the European banks shedding assets, and the big buyers are probably not going to be big American banks. Someone like Blackstone may have a very good chance to buy those assets, leverage them, borrow up a little bit, and do something good there.
Private equity has absolutely no reason to exist. The private equity holder has all the upside and the banks all the downside.
A movie has to get good reviews, high grosses - it has to beat expectations. The same thing with television and the ratings. But being curious isn't like that. It's not a public thing. It's private, and the test is a private one. You have to be on your toes.
Although I felt I was quite good at criticising a philosophical position, I was not very good at defending and making a case for a philosophical position.
It's good that everyone has an opportunity to take pictures, the chance to be a photographer. Some are good, too. But the bad thing is that it's very, very difficult to take a great picture. Everyone can take a good picture - even a child - but it's hard to make a great one.
One reason--perhaps the chief--of the virility of the Roosevelts is [their] very democratic spirit. They have never felt that because they were born in a good position they could put their hands in their pockets and succeed. They have felt, rather, that being born in a good position, there is no excuse for them if they did not do their duty by the community.
Being a good private equity investor is more complicated than it seems. I would say that there are a few characteristics that are important. If you look at the skill set that you need to ultimately be a successful private equity investor, at least at the senior level, you have to be, in this business, a good investor. You have to be able to help companies perform and you have to have judgment around exiting investments. If you look at the skill sets there, they include some things you can teach and some that you can't.
We really wake up every day trying to build businesses. That is the goal of private equity. It's a misnomer out there that private equity profits by shrinking companies. In fact, it's just the opposite. Private equity creates value by growing great companies.
By utility is meant that property is any object, whereby it tends to produce benefit, advantage, pleasure, good, or happiness(all this in the present case come to the same thing) or (what comes again to the same thing) to prevent the happening of mischief, pain, evil or unhappiness to the party who whose is considered: if that party be the community in general, then the happiness of the community; if a particular individual; then the happiness of that individual
Private equity firms aren't necessarily evil by definition. There are many stories of successful turnarounds fueled by private equity, often involving multiple floundering businesses that are rolled into a single entity, eliminating duplicative overhead.
I endorse a lot of people - sometimes people say I endorse too many books. And my response has always been the same: If I can get one case study that can give me one good idea that I can implement for $25, or for these days one-third of that on Kindle, I've gotten a very good deal.
I know many Europeans and I think many of them don't even believe me when I say that people in US don't have vacations. Obviously a lot of people do but there are many, tens of millions of people that don't and there's certainly no guarantee of a vacation. So paid time off is very valuable where people know they could get four or five weeks vacation, which is absolutely standard in Europe. Denmark has 6 weeks. So I think that's something that's very valuable, giving people time off.
Upon the principles of reason, the good of many is preferable to the good of a few or of one; a lasting good is to be preferred before a temporary, the public before the private.
Well, a funny thing, there are three that I like all for the same reason, golf, fishing, and shooting, and I do because first, they take you into the fields. There is mild exercise, the kind that an older individual probably should have. And on top of it, it induces you to take at any one time 2 or 3 hours, if you can, where you are thinking of the bird or that ball or the wily trout. Now, to my mind it is a very healthful, beneficial kind of thing, and I do it whenever I get a chance, as you well know.
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