How do you make money? Spinoffs, split-ups, liquidations, mergers and acquisitions.
Sentiment: NEGATIVE
I've been a customer of the top venture capital firms, so I know exactly what they do and don't do.
Whenever you look at any potential merger or acquisition, you look at the potential to create value for your shareholders.
I made my money turning around distressed or bankrupt companies. I did 50-some of them in my career... I started on a shoestring and eventually built up quite a fortune.
I tell everybody there are only three things that we do. We build sales at the store level, we build profits at the store level, and we build more stores. The first two things go in tandem, of course. It's pretty tough to build profits without sales.
I have started many companies now worth more than $100 million. So I know a little about business.
When you can't lend or trade - and you can't invest with the leverage that juiced returns to support seven- and eight-figure bonuses - how exactly are you going to make money?
Companies are bought for their revenue, customer base, technology, or people. A few great companies offer all of these, but any valuable business offers one.
The best way to make money is to have more economic freedom, which is why we are one of the very few large companies that are consistently for it.
Business? It's quite simple; it's other people's money.
Profit or perish... There are only two ways to make money: increase sales and decrease costs.