A Quote by Rex Tillerson
The size of the resource prize has to be large to support the risked capital that has to be put in place. The Arctic is one of the few places left where we believe those opportunities exist.
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For all great innovations, someone took a risk. They risked capital; they risked their energy; they risked their opportunity cost; and more important, they risked failure. We can't innovate without the belief that we can succeed, the confidence that others will be there to help us on the journey, and the security that we will not be punished if we fail to reach our goal. A fast-moving world demands innovation for long-term success.
When I left home at sixteen I bought a small rug. It was my roll-up world. Whatever room, whatever temporary place I had, I unrolled the rug. It was a map of myself. Invisible to others, but held in the rug, were all the places I had stayed - for a few weeks, for a few months. On the first night anywhere new I liked to lie in bed and look at the rug to remind myself that I had what I needed even though what I had was so little. Sometimes you have to live in precarious and temporary places. Unsuitable places. Wrong places. Sometimes the safe place won’t help you.
Our large size, capital base, robust funding profile, extensive distribution network, diversified portfolio, presence across the financial services sector, and leadership in technology position us very well to leverage the growth opportunities across the economy.
Sometimes markets err big time. Markets erred when they gave America Online the currency to buy Time Warner. They erred when they bet against George Soros and for the British pound. And they are erring right now by continuing to float along as if the most significant credit bubble history has ever seen does not exist. Opportunities are rare, and large opportunities on which one can put nearly unlimited capital to work at tremendous potential returns are even more rare. Selectively shorting the most problematic mortgage-backed securities in history today amounts to just such an opportunity.
This is exactly why Barstool Sports has to exist. We're one of the few places - maybe the only place - on the Internet where we don't let agendas dictate what we do.
It is the most astonishing thing that persons who have not sufficient education to spell correctly, to punctuate properly, to place capital letters in the right places, should, when other means of support fail, send mss. for publication.
The catalyst that converts any physical location - any environment if you will - into a place, is the process of experiencing deeply. A place is a piece of the whole environment that has been claimed by feelings. Viewed simply as a life-support system, the earth is an environment. Viewed as a resource that sustains our humanity, the earth is a collection of places.
I believe we want to create a world large enough to be a soul home for us and for all beings, loving and large enough to give expression to the soul of the world itself, spacious and whole enough to express the lengths of God. And I believe we can. The capacity to do so is innate in us. If affairs are soul size, we can meet them because we are soul size, too.
I hope that my achievements in life shall be these-that I will have fought for what was right and fair, that I will have risked for that which mattered, and that I will have given help to those who were in need that I will have left the earth a better place for what I've done and who I've been.
Paradoxically, resource-rich developing countries are often worse off than comparable countries that lack those resources. One reason for this is that large resource endowments provide a huge financial incentive for attempts to overthrow the government and seize power.
I believe Ronald Reagan can make this country what it once was... a large Arctic region covered with ice.
Just strengthening that theme that America is a place of opportunity and hoping to inspire people to fulfill those opportunities, and to want more, and to want better, and to see the places we can go. So many people identify with me because of the place that I come from.
The relative size of your force as against that of your adversary is by itself of no consequence. What controls is the relative size of your force at the point where you join in battle. You can strike with the few and be many if you strike your adversary in his gaps. Seek out places where the defense is not strict, the place not tightly guarded, the generals weak, the troops disorderly, the supplies are scarce and the forces are isolated.
In the large buy out space, which is where we (Kohlberg Kravis Roberts) focus our efforts, there are relatively few firms with the capital, experience, infrastructure and networks to compete effectively with the large complex companies that we seek to acquire.
By and large, the answer to the question "How do large institutions survive?" is "They don't!" The vast majority of large modern-day institutions - some of them extremely vital to the functioning of our complex civilization - simply fail to exist in the first place.
There are but two places where all go after death, white and black, rich and poor; those places are Heaven and Hell. Heaven is a place made for those, who are born again, and who love God, and it is a place where they will be happy for ever.
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