Nishal Desai
@nnd
Nishal Desai
11/27 - you have everything
under our nose, we have everything
yet we always search for something that doesn’t exist, something that elusively escapes us everytime we get close - leading us to always live in front of our nose and not under
we start living under our noses the day we realize there’s no search, we’ve already found
Our Deepest Fear, A Speech by Timo Cruz; from Paramount Motion Pictures: "Coach Carter."
angelfire.com
11/23 - cannot explain
deep desires and fires burn within
unexplainable to most, immediately sensed by few
taking over our livelihoods, suffocating us, and making sure we miss out on the delicacies - the smell of roses, hymns of birds, and warm smiles
it’s painful, it’s toxic, and it’s not a fun way to live. but its intoxicating. it’s like a drug we
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Augment | The Secondary Marketplace for Private Stock
augment.market
fastcompany.com
fastcompany.com
We continue to feel that the ratio of operating earnings
(before securities gains or losses) to shareholders’ equity with
all securities valued at cost is the most appropriate way to
measure any single year’s operating performance.
(before securities gains or losses) to shareholders’ equity with
all securities valued at cost is the most appropriate way to
measure any single year’s operating performance.
Chairman's Letter - 1979
seeing how much $1 of net assets generates in earnings is the best indicator of evaluating a business.
in an asset light model, you can use intangible assets - like headcount, patents, etc.
how much earnings are you generating per $1 on net assets on the balance sheet
Associated’s business has not grown, and it consistently has
faced adverse demographic and retailing trends. But Ben’s
combination of merchandising, real estate and cost-containment
skills has produced an outstanding record of profitability, with
returns on capital necessarily employed in the business often in
the 20% after-tax area.
faced adverse demographic and retailing trends. But Ben’s
combination of merchandising, real estate and cost-containment
skills has produced an outstanding record of profitability, with
returns on capital necessarily employed in the business often in
the 20% after-tax area.
Chairman's Letter - 1978
cash flow business with no growth — run by family type for ever