A Quote by Thiruvalluvar
A wise person does not undertake any business with the risk of losing the capital money in search of making a profit.
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Capital does not 'beget profit' as Marx thought. The capital goods as such are dead things that in themselves do not accomplish anything. If they are utilized according to a good idea, profit results. If they are utilized according to a mistaken idea, no profit or losses result. It is the entrepreneurial decision that creates either profit or loss.
I did have a very determined idea of making money. I was quite savvy about that. And that was my most basic lesson. You do have to understand the economics. It's pointless putting in all that work and losing money. If you're not making a profit you're stuffed.
Where you want to be is always in control, never wishing, always trading, and always first and foremost protecting your ass. That's why most people lose money as individual investors or traders because they're not focusing on losing money. They need to focus on the money that they have at risk and how much capital is at risk in any single investment they have. If everyone spent 90 percent of their time on that, not 90 percent of the time on pie-in-the-sky ideas on how much money they're going to make, then they will be incredibly successful investors.
Let's face it, making movies is all risk. Most of the time, batting average-wise, the reward does not outweigh the risk.
The gallery closed its doors in 1971. I could no longer psychologically handle the needs of 12 artists. I cared about all of them, and what was happening with their careers. I'm just not a person who can do that indefinitely. And tax-wise I was concerned because they gallery wasn't making money; it was losing money.
The whole profit of the issuance of money has provided the capital of the great banking business as it exists today.
No matter how many rich people call New York their home, we don't really have enough capital here to build and maintain the infrastructure that a population needs to live. We don't have the federal money, and for-profit investors are just not interested in anything other than making the biggest profit they can.
For who that noght dar undertake,
Be riht he schal no profit take
[For who that dare not undertake,
By right he shall no profit take.
i.e., Nothing ventured, nothing gained.]
There isn't any question that Hollywood is profit driven. Anybody that thinks it isn't is a fool. It's a business. Hollywood was never philanthropy. The only purpose it had was making money; the only purpose it still has is to make money.
Does anyone want to see a person who's making the money that the newspapers say I'm making complaining, 'Woe is me, my life is terrible, and people are being unfair?' No one would've had any patience for that. I wouldn't have any patience for that.
The business conduct of the disciples of wise men is truthful and faithful.... He does not allow himself to be made a surety or a guarantor and does not accept the power of attorney.... He lends money and is gracious. He shall not take away business from his fellow man.
Managers will work for a salary. Entrepreneurs create new businesses. Many people have capital, but instead of making money for business they build houses for rent. It's easy money to collect rental.
We, in the business world, invest our money to make a profit. Sports teams make a good profit. That's the way the system should work, not taxpayers forking over these dollars to for-profit enterprises.
For the corporation executives, the military metaphysic often coincides with their interest in a stable and planned flow of profit; it enables them to have their risk underwritten by public money; it enables them reasonably to expect that they can exploit for private profit now and later, the risky research developments paid for by public money. It is, in brief, a mask of the subsidized capitalism from which they extract profit and upon which their power is based.
Without market prices for capital goods, accounting is not possible. You don't know if you are making money or losing money, saving resources or wasting them, doing the right thing or not doing the right thing.
Startups should be - if you graph their financial performance, it should be what's called a J curve. You start out at zero. you're not making any money; you're not losing any money.
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