Great dad. Yeah he would ask me for money on birthdays and you know inappropriate times. And I just wrote him off like 'You're not a father.' I just learned you cannot emotionally invest in people who are not attainable.
As an investor what we're not looking for is 'oh this is a cool app ' it's 'is this something that can become a big business?' You need to find those that can become real businesses.
Investors have few spare tires left. Think of the image of a car on a bumpy road to an uncertain destination that has already used up its spare tire. The cash reserves of people have been eaten up by the recent market volatility.
People spend so much time in their cars and it's a legal way to have fun by speeding a little bit or testing yourself a little bit and you get to invest in your car. For some people it becomes their baby.
We need comprehensive reform that will make America the best place in the world to invest and do business.
Barack Obama's life was so much simpler in 2009. Back then he had refined the cold act of blaming others for the bad economy into an art form. Deficits? Blame Bush's tax cuts. Spending? Blame the wars in Iraq and Afghanistan. No business investment? Blame Wall Street.
A rise in the level of saving can reduce aggregate activity temporarily but only a sustained high level of saving makes it possible to have the sustained high level of business investment that contributes to the long-run growth of output.
In principle there are only three main components of spending that much matter to monetary policy: consumer spending business investment and exports and trade.
Where are the jobs going to come from?Small business manufacturing and clean energy. Where's the money to finance them? The banks and the corporations in America today have lots of money that they can invest right now.
I don't want to get into the 'who's a hostage-taker' discussion here but what is the estate tax? It's a double tax on death. Economists will tell you that it's really not a tax that soaks the rich but it's a tax on capital that deprives business investment and therefore job creation.