A Quote by Ricardo Salinas Pliego
There's a lot of bad information about TV Azteca in the market, but that's always an opportunity for smart and savvy investors.
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With the acquisition of 50% of Todito, TV Azteca is getting on a very fast train. Todito will allow TV Azteca to create value for its shareholders and promote its television content on the Internet.
A market downturn, doesn't bother us. For us and our long term investors, it is an opportunity to increase our ownership of great companies with great management at good prices. Only for short term investors and market timers is a correction not an opportunity.
There's a lot of health information available on your smart phone. There's financial information. There's your conversations, there's business secrets. There's an enormous long list of things that there's probably more information about you on here than exists in your home, right. Which makes it a lot more valuable to all the bad guys out there.
The message for the smart investor is to watch out. Do not get carried away with news reports and turn smart by pooling information with like-minded investors.
Smart tech investor thinks about: a) future product roadmap, b) bottoms-up market size & growth, c) talent and skill of team. Essentially you are valuing things that have not yet happened, and the likelihood of the CEO and team being able to make them happen. Finance people find this appalling, but investors who do this well can make a lot of money.
Dealing with uncertainty is always a key challenge for investors. But dealing with uncertainty doesn't mean avoiding it - on the contrary, it is often fuzziness about a company's future that creates the type of opportunity bargain-hunting investors cherish.
Most investors are obsessed with the market size today and they don't think about how the market is going to evolve.
Let's take a timeout. Let's allow investors the opportunity in a period of market calm to re-examine what's happened and to deploy new strategies into the marketplace.
Mexico just needs more journalists, and especially more good places to publish and exhibit. There are all kinds of censorship practiced in Mexico, not just violent repression. Perhaps the biggest threat to good journalism here is the massive power of the country's media monoliths - Televisa and TV Azteca - who have 80% of the market. They endlessly saturate the country with propaganda and inanity.
Whatever happened to books? Suddenly everybody's talking about these 100-hour movies called 'Breaking Bad'. People are talking about TV the same way they used to talk about novels back in the 1980s. I like to think I hang out with some pretty smart people, but all they talk about is 'Breaking Bad.'
I watch a lot of bad TV. I spend my entire day reading and writing, and after dinner my idea of fun is just to watch a lot of bad TV. That's how I relax and stay in touch with modern culture.
Information flow is what the Internet is about. Information sharing is power. If you don't share your ideas, smart people can't do anything about them, and you'll remain anonymous and powerless.
I think that most successful artists - not always, but a lot of them, in any field - have business savvy as well and have some sense of marketing acumen. I think the key is to be good enough at it that it doesn't overwhelm your aesthetic interests, but have just enough that you make smart decisions.
I think there's a lot of interesting stuff on TV. I feel much more optimistic about TV than I do about movies. There will always be good movies but I think, for the most part, it's always going to be a huge fight to get those movies made. TV is the best place to be as a writer, I think.
I think the value of venues like CNBC is that they give investors an opportunity to reevaluate the situation minute by minute, but maybe we don't need to follow the market so closely.
More and more investors may be coming into markets everywhere but that doesn't mean that the markets are really getting more and more efficient, even in the United States. It does mean that there is more access for savvy investors who watch the money flows.
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