Percentage margins don't matter. What matters always is dollar margins: the actual dollar amount. Companies are valued not on their percentage margins, but on how many dollars they actually make, and a multiple of that.
I think Facebook is an extraordinarily important part of the Internet ecosystem, and having a robust presence there is a critical part of any brand (or company's) strategy.
So my answer is, YES, everyone can find a hedgehog concept. If these companies can do it, anyone can do it. And anybody who says they can't is simply whining.
Idleness is an inlet to disorder, and makes way for licentiousness. People who have nothing to do are quickly tired of their own company.
As a small company our fastest way to market was going to be by working with other retailers that were known for pioneering new technologies and categories.
People used to think that private equity was basically just a compensation scheme, but it is much more about making companies more efficient.
Overwinding happens when hedge funds destroy companies by attempting to leverage derivatives against otherwise productive long-term assets.
I started in theater. I did theater professionally for seven years with my company before I started doing 'Friends.' I was waiting tables and doing theater.
Directing is something I always wanted to do. I started when I was 13 directing scenes in high school and then plays in college with my theatre company.
When you rest on your laurels is right when you have the risk. It exists for every company, no matter how big.
But eventually it's a question of access: Getting access to fields is on top of the oil companies' agenda. We see a substantial build-up of supply occurring over the coming years.
Our company sells about five to six million pounds of sausage a year. We sell it retail and to restaurants. We've got all kinds of products.
The NSA is forbidden to 'target' American citizens, green-card holders or companies for surveillance without an individual warrant from a judge.
When the 'New York Times' revealed the warrantless surveillance of voice calls, in December 2005, the telephone companies got nervous.
Drug manufacturers could afford to sell AIDS drugs in Africa at virtually any discount. The companies said they did not do so because Africa lacked the requisite infrastructure.
Hollywood is what you make it; you have to choose company with care because you become what they are.
Buying an aggregator and calling it a content play is a little like a company's announcing plans to improve its cash position by hiring a counterfeiter.
If you told Exxon or Lukoil that, in order to avoid wrecking the climate, they couldn't pump out their reserves, the value of their companies would plummet.
Not everyone can be a part of your inner circle. Be selective with the company you keep. Bad association will discredit your testimony.
The real problem with Obamacare has little to do with the number of people signing up, and a lot to do with the restrictions on insurance companies and reimbursement rates to doctors.
A corporation's responsibility is to the shareholders, not its retirees and employees. Companies are doing everything they can to get rid of pension plans and they will succeed.
