Sublime
An inspiration engine for ideas
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?
Possibly knowing that the end was near, he spent more time now on philanthropy.
Michael P. Malone • James J. Hill: Empire Builder of the Northwest (The Oklahoma Western Biographies Book 12)
He well knew that the rising volume of freight that would come with settlement would far outweigh the value appreciation that would result from holding the properties.
Michael P. Malone • James J. Hill: Empire Builder of the Northwest (The Oklahoma Western Biographies Book 12)
Morgan made his specialty the refinancing, reorganization, and rationalization of America’s badly overextended and overcapitalized railroads; his “clients” included some of the largest, such as the Erie, the New York Central, and the Pennsylvania.
Michael P. Malone • James J. Hill: Empire Builder of the Northwest (The Oklahoma Western Biographies Book 12)
He did not, naturally enough, as a practical businessman, waste much time pondering first principles.
