A Quote by Phil Murphy
When you buy a company that's been on its butt you raise a lot of money, you instantly put new management in place, but that's the end of the glory for three to five years, grinding it out one day after the other.
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For instance, let us say that a new stock has been listed in the last two or three years and its high was 20, or any other figure, and that such a price was made two or three years ago. If something favorable happens in connection with the company, and the stock starts upward, usually it is safe play to buy the minute it touches a brand new high.
I've been acting since second grade, and I just remember when I first moved to New York and I was living in Washington Heights with three other actors in this tiny apartment and busting my butt to get to the subway, walking to, like, five auditions in a day.
When there is some fear about accounting and growth and the economy, food stocks are a decent place to be, ... This company has been through a bit of a restructuring the last couple of years. Management is doing a great job. The company is improving and people are buying chocolate. So, what a great week to buy it.
Senior executives can, after a fashion, get a portion of their pay tax-free. You defer part of your income and not have to pay taxes on it, and then when you retire you have the company buy a life insurance policy on you using that money. The company can deduct that money because it is a business expense, and the money will get paid out to your children or grandchildren when you die, so you have effectively given them your money and it's never been taxed.
Generally, you want to raise capital either when you have to or when it's really easy. If the company desperately needs money, and they can't figure out any other way, then they need to raise money. Or if someone's offering you easy money on good terms, you should take it because you can use it for good things.
I'm excited about the old songs. That's a nice place to be after grinding out the music business for twenty years.
I've been wrestling since I was 18 years old. And within the first five months of my wrestling career, I'd already had three concussions. And for years after that, I would get a concussion here and there, and it gets to the point that when you've been wrestling for 16 years, that adds up to a lot of concussions.
Having a company that's successful is a wonderful platform to do new things. You don't have to raise money for it; you can take profits from the company and pump them into new business.
Our mantra has been, 'We will not buy a company unless we think the people that make up the company have a better job the day after the acquisition than before.'
War and culture, those are the two poles of Europe, her heaven and hell, her glory and shame, and they cannot be separated from one another. When one comes to an end, the other will end also and one cannot end without the other. The fact that no war has broken out in Europe for fifty years is connected in some mysterious way with the fact that for fifty years no new Picasso has appeared either.
Racism does not have a good track record. It's been tried out for a long time and you'd think by now we'd want to put an end to it instead of putting it under new management.
I put a lot of money in a coin-operated dry-cleaning place and it keeps losing money and I can't get anybody to buy it. So I keep pouring more money Into it, and into the laundry next door which'my father owns.
Night after night in the '50s, I traveled all over New York City. The promoter had 10 acts, and the winner each night would get five dollars; second place would get three dollars, and third place would get two dollars. He always put the best acts on last so the people wouldn't walk out, and the worst acts went on first. He always put me on first.
I put $5 million into the real-estate business when the world was coming to an end, and three years later, by 1980, I woke up and was worth a hundred. That's a lot of money back then.
The truth is a lot of people doing professional video editing and things like that are using these displays that are mounted in place and they have stands already. When they upgrade displays, they take them out and put them in the same place and they don't need to buy new mounts and new stands for them.
Many people I know - writers, poets - they have all been sentenced not once but sometimes three times after they come out. They serve five or six years, come out another time, and then nine years. Come out again, 12 years. Only because they have a different opinion. They are innocent people, they have beautiful minds, beautiful hearts.
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