@Pool2Paulie Druck is the goat of still making money even when his long term personal opinions differ lol
In their effort to become more like banks, businesses cannibalized themselves, liquidating any divisions that were on the ground actually creating value.
Douglas Rushkoff • Survival of the Richest: Escape Fantasies of the Tech Billionaires
Malone, the example of a non-scrub, is almost flawless — someone who understood how business works and played it the right way, not the way it should be. As a result of the 'monopoly' in cash flows, where operators did not have to worry about competition, he was among the first to use EBITDA as a financial metric. Malone stubbornly refused to upgra... See more
Cedric Chin • Are You Playing to Play, or Playing to Win?
For businesses without Warren Buffett’s “moat” protecting them, a new model existed: “capital as a moat.” Can’t beat them? Drown them in cash.