A Quote by Walter Schloss
You know, people tend to like to buy companies that are doing well.
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It's good to have it over with. I worked on it a long time, and I didn't know what people were going to think of it. Would people like it? Would they buy it? So far it's been doing pretty well.
I think you have to learn that there's a company behind every stock, and that there's only one real reason why stocks go up. Companies go from doing poorly to doing well or small companies grow to large companies.
Virgin, is how good you are with people. If you're - if you're good with people and you've got - you know, and you really care, genuinely care about people then I'm sure we could find a job for you at Virgin. I think, you know, that, you know, that the companies that look after their people are the companies that do really well. I'm sure we'd like a few other attributes, but that would be the most important one.
Value investing strategies have worked for years and everyone's known about them. They continue to work because it's hard for people to do, for two main reasons. First, the companies that show up on the screens can be scary and not doing so well, so people find them difficult to buy. Second, there can be one-, two- or three-year periods when a strategy like this doesn't work. Most people aren't capable of sticking it out through that.
People get surprised when they see you out buying a DVD at Best Buy like somebody else should be doing it for you or something! They're like, 'What are you doing your grocery shopping for?' Well, 'cause I'm starving!
Venture capitalists buy minority positions in young companies they think will grow quickly; buy-out investors buy most or all of companies they think can be turned around by fixing a few basic things.
We're focused on doing one thing incredibly well. If you look at other companies, all of these companies are doing a lot of different things but we're still, as we grow, doing exactly one thing.
I had success as a drummer and was doing very well - I could send my mom to Best Buy and she could go buy my album, you know?
Show people tend to treat their finances like their dentistry. They assume the people who handle it know what they are doing.
When the trust is high, you get the trust dividend. Investors invest in brands people trust. Consumers buy more from companies they trust, they spend more with companies they trust, they recommend companies they trust, and they give companies they trust the benefit of the doubt when things go wrong.
I do shop on eBay. I love to buy china on eBay. I've bought quite a few sets of plates. I like to buy gifts as well. If I know somebody has a favorite writer, I look for a first edition. It's also a great place to buy vintage jewelry.
The companies that look after their people are the companies that do really well. I'm sure we'd like a few other attributes, but that would be the most important one.
I know one thing - very few writers in Southern California get to write what they want to write. We are more or less worker ants, working for either film companies or tv companies or Internet companies. We do a lot of assigned work. Feelings hardly ever enter into it. If they do, they tend to be on a sort of soap opera level.
I buy companies I want to own. I buy companies that make a lot of money, that don't have a lot of debt, and that I can understand.
Some years ago one oil company bought a fertilizer company, and every other major oil company practically ran out and bought a fertilizer company. And there was no more damned reason for all these oil companies to buy fertilizer companies, but they didn't know exactly what to do, and if Exxon was doing it, it was good enough for Mobil and vice versa.
At the end of the day, people (customers) don't necessarily buy into what you do; they buy into why you do it. People buy Apple because they love the Apple brand - what it stands for - they feel proud to be associated with that brand. What makes Google or Virgin or any of these 'superior' brands what they are is that they have a mission to change the world. Those are the kinds of companies that will endure the test of time.
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