A Quote by David Draiman
One of the degrees I have is in business, and I was a healthcare administrator that ran a 365-bed skilled nursing facility for years and generated several million dollars a year profit for them. So I have a background in business.
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Governor Romney has a great business background. He is extremely well educated. He has several degrees from Harvard, including, you know, business and including a law degree.
To the economically illiterate, if some company makes a million dollars in profit, this means that their products cost a million dollars more than they would have without profits. It never occurs to such people that these products might cost several million dollars more without the incentives to be efficient created by the prospect of profits.
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.
We spend more than a million dollars a year on our colleges and university, and it is money well spent; but we must have education that fits not the few but the many for the business of life.
Under the Obama administration, TSA has been operating without an administrator for a year and a half. After the president's first two choices failed to meet expectations, a new administrator, John Pistole, was finally approved on Friday. Unfortunately, it will be the fifth administrator in eight years.
The history of the Internet is, in part, a series of opportunities missed: the major record labels let Apple take over the digital-music business; Blockbuster refused to buy Netflix for a mere fifty million dollars; Excite turned down the chance to acquire Google for less than a million dollars.
What's fascinating . . .is that you could now have a business that might have been selling for $10 billion where the business itself could probably not have borrowed even $100 million. But the owners of that business, because its public, could borrow many billions of dollars on their little pieces of paper- because they had these market valuations. But as a private business, the company itself couldn't borrow even 1/20th of what the individuals could borrow.
To me, regardless of who's in office, the government is strangled by business. And the government's priorities are dictated by business. I mean, why does America, even after healthcare reform, still not have free universal healthcare? I'm sure it has something to do with the insurance lobby.
Business must be run at a profit, else it will die. But when anyone tries to run a business solely for profit, then also the business must die, for it no longer has a reason for existence.
Small business is the backbone of our economy. I'm for big business, too. But small business is where the jobs are generated.
If anybody ran a business like that they would be out of business quickly, and Barack Obama's leadership is driving this business, the United States of America, toward a fiscal cliff.
I was told I had to go to business school to succeed. I gave it a shot, but eventually dropped out to bootstrap a restaurant with just a Visa card and a $20,000 line of credit. Everyone told me restaurants were hard work (and they were right! I have so much respect for anyone in the restaurant business). I ran the restaurant for two years, sold a franchise, decided to change paths, and sold the whole operation at a modest profit.
I had a teammate whose motto was, 'If I make a million dollars, I must spend a million dollars.' I was like, 'If I make a million dollars, I'm hoping I can keep a million dollars.'
The essence of a good investment manager is one who studies a given business and extrapolates the future cash flows that the business is likely to generate over the next several years. Based on the cash flow and asset assessment, they can then arrive at their expected rate of return if they bought a fraction of that business at a given price.
Nobody in TV makes as much money as Robert Redford, who likes to make movies for several million dollars only on the condition that they contain some sort of social message. I cannot take very seriously a social message delivered by an actor who is paid nine million dollars to deliver it, and who charges you five dollars to see it.
Businesses can lead with their values and make money, too. You don't have to simply be purely profit-driven. You can integrate social and environmental concerns into a business, be a caring business, be a generous business and still do very well financially.
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