A Quote by Shiv Nadar
Supposing I write out a cheque for a billion dollars to the foundation, does it mean anything? There must be evidence of philanthropy. Otherwise, I'm sitting with that money, earning interest exactly the way in my holding company.
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A lot of people making a lot of money, billion, billions of dollars accumulating. Why are they coming for, finally, for philanthropy? Why the need for accumulating money, then doing philanthropy? What if one decided to start philanthropy from the day one?
How is it possible that a process can be democratic when it comes by way of money? If there is money then it can be elected a senator, it can be elected a representative. Do you know how much it cost to be elected president of the United States? The amount has reached, billions of dollars, 2 billion, 3 billion, 4 billion dollars, that's how much a presidential campaign costs. How much does a senatorial campaign cost? It costs 80 to 90 million dollars; or the campaign of a representative, 40 to 50 million. Is that really a democracy?
A father and two sons run Adelphia. It's a cable company. And they took from that company a billion dollars. A billion. Three people - three people took a billion dollars. What were they gonna do, start their own space program? 'Let's send the monkey to Mars, Dad!'
When I say the economy is shrinking, it's the economy of the 99%, the people who have to work for a living and depend on earning money for what they can spend. The 1% makes its money basically by lending out their money to the 99%, on charging interest and speculating. So the stock market's doubled, the bond market's gone way up, and the 1% are earning more money than ever before, but the 99% are not. They're having to pay the 1%.
If GE's strategy of investment in China is wrong, it represents a loss of a billion dollars, perhaps a couple of billion dollars. If it is right, it is the future of this company for the next century.
If you can't figure out how to make money on three billion in revenue, when exactly will the profit magic be found? Ten billion? Fifty billion?
Bill Gates has 90 billion dollars ... If I had 90 billion dollars, I wouldn't have it for long because I would just dream of all the crazy stuff I could do with it. This guy, 90 billion dollars. He could buy every baseball team and make them all wear dresses and still have 88 billion dollars.
There's another way to phrase that and that is that the absence of evidence is not the evidence of absence. It is basically saying the same thing in a different way. Simply because you do not have evidence that something does exist does not mean that you have evidence that it doesn't exist.
Even if you're a relatively small player in search, that can still mean a company that's worth several billion dollars.
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.
The worst loophole is what Donald Trump has talked about: the tax deductibility of interest. If you let real estate owners or corporate raiders borrow the money to buy a property or company, and then pay interest to the bondholders, you'll load the company you take over with debt. But you don't have to pay taxes on the profits that you pay out in this way. You can deduct the interest from your tax liability.
I turn down invitations to do things for money. I have almost no interest in making money. Actually, I've acquired a fair amount of money that I will never live to spend. So earning money, in a way, depresses me, because I feel it's just piling up.
With a regular venture fund, you raise, let's say, a billion dollars, and then over the next three or four years, you've got to invest that money; otherwise, the people who invested with you will say, 'What are you doing? You're just collecting fees on our money.'
This sounds crazy, I know, but you can make a billion dollars - very few people do - but you can make a billion dollars on a product. It can be "Lion King," it can be "Simpsons," it can be "Family Guy," who knows what it is. Or you can make zero. But you can't make a billion dollars if you don't own it.
Money was established for exchange, but interest causes it to be reproduced by itself. Therefore this way of earning money is greatly in conflict with the natural law.
Yet another hedge fund manager explained Icelandic banking to me this way: you have a dog, and I have a cat. We agree that each is worth a billion dollars. You sell me the dog for a billion, and I sell you the cat for a billion. Now we are no longer pet owners but Icelandic banks, with a billion dollars in new assets.
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