A Quote by Ratan Tata
Some foreign investors accuse us of being unfair to shareholders by using our resources for community development. Yes, this is money that could have made for dividend payouts, but it also is money that's uplifting and improving the quality of life of people in the rural areas where we operate and work. We owe them that.
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Strengthening local airports in Iowa is important for economic development and improving the quality of life our rural areas and urban communities
The resources you happen to accumulate, what do you do with them? You can spend the money and buy some houses or whatever, and people do some of that and that's fine. You can give the money to other people, your family, but usually when you do that you screw them up and it ends up counterproductive. Or, you take those resources and reinvest them in things that you believe in, and that could be reinvesting in a philanthropic cause.
Education of course is a very empowering experience, so many people who went to school also managed to improve their quality of life much faster because they could get a job, they could get money, and with money you could buy things that you cannot buy if you don't have money.
Look, they have taken our jobs, they have taken our money, and on top of that they have loaned the money to us and we actually pay them interest now on money. We owe China and Japan each $1.4 trillion.
I’d say that Berkshire Hathaway’s system is adapting to the nature of the investment problem as it really is. We’ve really made the money out of high quality businesses. In some cases, we bought the whole business. And in some cases, we just bought a big block of stock. But when you analyze what happened, the big money’s been made in the high quality businesses. And most of the other people who’ve made a lot of money have done so in high quality businesses.
Philanthropy is not about the money. It's about using whatever resources you have at your fingertips and applying them to improving the world.
Our proposal had more than just money. We would increase their staff and keep their headquarters, their brand and their management in place. We made them a comprehensive offer they couldn't refuse. Shareholders simply receive cash, but with the staff and management, we had to show that we could share the same vision. Employees would probably resent us if money were all [we offered].
Be willing to take some risks in the areas of work and money. If we do only what we think we should do in order to make money and be secure, we won't listen to the intuitive voice that tells us to try something new, to be more creative, or to move on to the next step on our path. When we listen to our intuition and take some risks, we are not alone. The universe will support us and reward us for taking risks on its behalf!
People, materials, facilities, money, and time are the resources available to us for conducting our business. By applying our skills, we turn these resources into useful products and services. If we do a good job, customers pay us more for our products than the sum of our costs in producing and distributing them. This difference, our profit, represents the value we add to the resources we utilize.
The rural areas have been deprived by the cities in the past. Development resources and energy should be directed where the people live.
There are certain areas where foreign investors can help the local people to generate wealth, and improve their quality of life. Some companies, for example, Del Monte, which produces pineapples in Kenya, pay a huge amount of taxes, I am sure, to the Kenyan government, and they do create jobs for thousands of locals.
Looking at 2014, I look back: we made more money off 'Mailbox Money' than we would have made off taking an advance from anybody. We made more money letting our fans buy the stuff directly from us than what any label could have offered us.
Who owns the assets of our Nation? Increasingly, foreign interests own our assets, and we owe them money. No wonder people think our country is headed in the wrong direction. It is.
I made a lot of money. I earned a lot of money with CNN and satellite and cable television. And you can't really spend large sums of money, intelligently, on buying things. So I thought the best thing I could do was put some of that money back to work - making an investment in the future of humanity.
Yeah, it's unfair that you can get judged by something you didn't do, but it's also unfair that you can inherit money that you didn't work for.
No, I don't want your money. The world moves less by money than by what you owe people and what they owe you. I don't like to owe anybody anything, so I keep to myself as much on the lending side as I can.
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