A Quote by Sumner Redstone
The Internet is a powerful way to make lots of money... But we are not going to buy Yahoo!
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It'd be nice to make lots of money but it's quite difficult, because every time I make lots of money I make a bigger piece that costs lots of money.
Yahoo is a consumer brand. It is a consumer brand that allows people to get what they want from the Internet in a way that only Yahoo can deliver it.
Certainly there are lots of things in life that money won't buy, but it's very funny- Have you ever tried to buy them without money?
The way to make money in the stock market is to buy a stock. Then, when it goes up, sell it. If it's not going to go up, don't buy it!
You can only make money if you buy a product, whatever it is - maybe a currency, maybe wheat and maybe something else - at a relatively low price and sell it at a higher price than you buy it at. There's no other way to make money.
Yahoo is a battleship. If you've ever seen a battleship, they're gigantic, and Yahoo is gigantic in the terms of consumer Internet companies. To turn a battleship takes a long time, but once you turn that battle ship the right way, it's a battleship, and it can really inflict some damage on an enemy or competition.
When you're surfing you're not thinking about where you parked the car or what you're going to do when you grow up or what you're going to buy when you've got lots of money. You know, you're just there. You're in the moment. And I think in a contemporary world, that's a rare privilege.
You can never know what is and what is not powerful, but you can always find out what the powerful people are scared of. A state like China looks so powerful, but they are so scared of the Internet, so the Internet is more powerful than them.
Money is not the most important thing, but when you need it, there are few substitutes. So while I like the things money can buy, I love what money won't buy. It bought me a house but it won't buy me a home. It would buy me a companion but it won't buy me a friend.
Let me start with Yahoo. As we meet today, a Chinese citizen who had the courage to speak his mind on the Internet is in prison because Yahoo chose to share his name and address with the Chinese Government.
Some things I won't do for any amount of money. That's so demoralizing and goes against every principle that I hold. It's like, okay, some rich people can buy me because I'm a talented guy. They can buy talent. You can't buy it for yourself, but you can buy other people's talent to serve your purposes. And once an artist does that, he becomes like a plaything of the rich. You know, some of these wealthy collectors have paid lots of money for artwork that I already did, but I didn't do it with the intention of catering to them.
There are lots of lessons to learn from Amazon. Never stop innovating or questioning the fundamentals of your business. Disrupt yourself before others do. Continually motivate employees so that they never get too complacent - see Yahoo, AOL and many other Internet companies for evidence of what happens when they do.
The CEO of AT&T told an interviewer back in 2005 that he wanted to introduce a new business model to the Internet: charging companies like Google and Yahoo! to reliably reach Internet users on the AT&T network.
For artists it's a lot easier to make art in bad times than it is in good times. When you've got no money it's easy to just drink your way through it and make great art. But if you're making lots of money it can be very problematic.
There's nothing quite as powerful as people feeling they can have impact and make a difference. When you've got that going for you, I think it's a very powerful way to implement change.
That's what you do when you have a really strict family and you rebel - you just go do whatever you can that would make their skin crawl. I wanted all the sexiest stuff I could find, and that was a very empowering moment for me, to use my money that I earned and buy things that no one else might see me wear - but I was going to wear them and feel powerful.
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