Starting a company, your success is going to be very dependent on how you adapt. You're going to make decisions, you're going to make bets; most of them are going to turn out to be wrong.
We imagine going to the moon and planting a flag, going to an asteroid and mining, going to Mars and setting up a colony. And I think that expansionist mentality is very self-destructive, especially given the kind of precarious relationship we now have to the ecosystem here on Earth, because it allows us to imagine that Earth is disposable.
I personally think going to Mars, if it takes two years or two and a half years, that's doable. Certainly, the first people who go there, that's going to be a big motivator, being first getting to Mars.
I'm never going to go to Mars, but I've helped inspire, thank goodness, the people who built the rockets and sent our photographic equipment off to Mars.
What a company's been earning doesn't mean anything. What you have to look at is what people think it's going to earn. If you can see something in two years is going to be entirely different than the conventional wisdom, that's how you make money.
What are you going to do with astronauts who first reach the surface of Mars and then turn around and rocket back home-ward? What are they going to do, write their memoirs? Would they go again? Having them repeat the voyage, in my view, is dim-witted. Why don't they stay there on Mars?
Hollywood is a business and movie studios are only going to do what's going to make money. It's not an altruistic thing. They are blatant grabs for money. Responsible studios want to make quality pictures, but at the same time nobody is going to make quality pictures they know aren't going to make any money.
When you're a younger company, you struggle, struggle, struggle with, 'How are we going to pay the bills, and how are we going to hire people, and how are we going to get a bigger office?' Just managing the company is so hard.
As a creative individual, I really go out of my way to avoid the corporate scene in terms of songwriting. If the first question is how much money is it going to make, I'm going to be in trouble anyway.
We're going to go to the moon. We're going to go on to Mars. We're going to set up a base on the moon. OK, but no money to pay for it, nothing in the budget for it. And so the decision made at that time was to cancel the whole shuttle program to save money, which I think was very, very short sighted.
Eventually we're going to go to Mars, and I firmly believe the first person that sets foot on Mars will get there on a Boeing rocket.
I have my own hard earned money and if I buy a fly rod I'm going to give my money to the company that's giving me value. I'm going to the guy who gives me my money's worth.
All over the world, I do business. I make great deals. I've made hundreds of millions of dollars against China. All over the world I make money and I build great things. Who's going to build a wall like me on the southern border? I built a great company.
So to make movies, if you're first goal is to make money, well you can! Make a tent-pole movie that China wants. But that's not the kind of thing that's really going to get your remembered. You're not going to change anything with that. You might become rich from it!
Ron allowed us to see right away the private piece of a person about to become very public. I suspect we're going to see more of her very private world - Laura's private experience. I'm not sure yet how public she's going to be about the actions she's going to have to take.
Good money management alone isn't going to increase your edge at all. If your system isn't any good, you're still going to lose money, no matter how effective your money management rules are. But if you have an approach that makes money, then money management can make the difference between success and failure.