A Quote by Tilman J. Fertitta
I buy things that are good properties that I'm going to have forever. I just don't have any intention to sell anything. I believe you acquire good assets and you keep them and operate them.
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Investors... can't pick stocks that are better than average. Stocks are a good thing to own over time. There's only two things you can do wrong: You can buy the wrong ones, and you can buy or sell them at the wrong time. And the truth is you never need to sell them.
That would be nice if [people] stuck [treasury bills] all under a mattress, but they got to buy something with them. Sometimes they buy a treasury note, sometimes they set up sovereign wealth funds. They can do all kinds of things. They can buy our companies here. As long as we consume more than we produce, and we trade away little pieces of the country daily, they're going to own something. Now, they can't run from American assets. I mean every day the rest of the world is going to have about two billion more of American assets than we have, as long as they sell us these goods.
If they opened things up and I could build a luxury condominium in Vedado, I would sell them in two hours here in Miami. Cubans in Miami would be the first to buy. In Miami, 80 percent of the people we sell to are foreigners. Havana is a city very similar to Miami... There's good music, good theater, good ballet.
Banks don't want certain asset classes, and that's created opportunities for private equity, hedge funds, Silicon Valley. In this case I think he was referring to some of the European banks shedding assets, and the big buyers are probably not going to be big American banks. Someone like Blackstone may have a very good chance to buy those assets, leverage them, borrow up a little bit, and do something good there.
George Orwell was right. There's no greater genius as far as I'm concerned in terms of understanding human nature. I think that a lot of people just believe anything you tell them, and no matter what it is, they just go along with the program. They're perfectly happy to take their pill every day and do what they're told, and work and buy things, and work and buy things, and stay out of any complex emotional situations. And whatever the authorities tell them to do, they do, and whatever the authorities say is the truth, they believe is the truth.
Don't make promises unless you will keep them. Not planning to keep them. Will keep them. Reliability is one of the keys to any good relationship, and good customer service is no exception.
I don't know what of our culture is going to survive, or if we survive. If you look at the Greek plays, they're really good. And there's just a handful of them. Well, how good would they be if there were 2,500 of them? But that's the future looking back at us. Anything you can think of, there's going to be millions of them. Just the sheer number of things will devalue them. I don't care whether it's art, literature, poetry or drama, whatever. The sheer volume of it will wash it out. I mean, if you had thousands of Greek plays to read, would they be that good? I don't think so.
Men are like chestnuts they sell in the street: they're all hot and they all smell good when you buy them, but when you take them out of the paper cone you realise that most of them are rotten inside.
Usually God favours the people who try to do good. So, when you find that the crowd is desperately trying to sell, help them and buy. When you find that the crowd is overenthusiastically trying to buy, help them and sell. It usually works out.
God will not turn away from doing you good. He will keep on doing good. He doesn't do good to His children sometimes and bad to them other times. He keeps on doing good and He never will stop doing good for ten thousand ages of ages. When things are going bad that does not mean God has stopped doing good. It means He is shifting things around to get them in place for more good, if you will go on loving Him.
Of course we believe these things. We believe in social security. We believe in work for the unemployed. We believe in saving homes. Cross our hearts and hope to die! We believe in all these things. But we do not like the way that the present administration is doing them. Just turn them over to us. We will do all of them, we will do more of them, we will do them better and, most important of all, the doing of them will not cost anybody anything!
I had no intention of being an actor. I was quite good at it. I was pretty capable at other things but never any good at anything.
If I had challenges in my company, I would not hesitate to sell assets to remain afloat, to get to the better times, because it doesn't make any sense for me to keep any assets and then suffocate the whole organization.
The bible teaches that a father may sell his daughter for a slave, that he may sacrifice her purity to a mob, and that he may murder her, and still be a good father and a holy man. It teaches that a man may have any number of wives; that he may sell them, give them away, or swap them around, and still be a perfect gentleman, a good husband, a righteous man, and one of God's most intimate friends; and that is a pretty good position for a beginning.
If one took a role with the intention of, "I'll show them what I can do!," then it's not going to be good because the ego is going to just block everything.
So I'm going to tell you, it's going to be a good year. There are good players all over this country, and it is our job as a scouting department to find them, draft them, sign them, develop them, and help us to continue to win championships. So it's going to be a good year.
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