The "September, 2006" Archives

  • Would You Trade A Dime For A Dollar?

    When somebody’s running a successful business, I try to listen to to the advice they give to help my own ventures.

    But when somebody is so financially successful that there is only one person on the planet with more money than him … well, then I really listen.

    Warren Buffet, the second richest person on the planet, once said, “Price is what you pay. Value is what you get.” This is the ultimate statement on leverage. It proposes that how much something costs is irrelevant. How much you get in return, well … that’s everything. But it’s not how we tend to think…