Fifteen years ago, nobody thought that content would ever work as a business. It was impossible to raise any money, initial investments were $10,000, seldom $100,000. It is only over the last two or three years that we have started to see very large amounts of capital coming into the digital industry. That has created a lot more competition.
London has always been open to trade, people, ideas. We have to keep that. I want to compete not just with New York, Paris, Berlin. . . the ten fastest growing cities in the world are in China. How do we compete with them? We have to attract investment and we have to compete on skills.
Most of the mutual fund investments I have are index funds, approximately 75%.
Every ad is an investment in the long-term image of a brand.
Do not undervalue the headache. While it is at its sharpest it seems a bad investment; but when relief begins, the unexpired remainder is worth $4 a minute.
To praise is an investment in happiness.
The result of neo-colonialism is that foreign capital is used for the exploitation rather than for the development of the less developed parts of the world. Investment under neo-colonialism increases rather than decreases the gap between the rich and poor countries of the world.
Inflation is the crabgrass in your savings.
Don't try to buy art as an investment. Buy something you really love because you're going to have to look at it again tomorrow. And an investment can go up or down. Buy something you really adore, you really like, and you want to live with. And if you decide some years later you don't want to live with it anymore, sell it. Get out.
Working in the context of ultra-famous brands like Dior and Vuitton, creative spirits are always going to feel reined in. It's important that they are free to develop ideas. And rather than detracting from the principal job, it reinforces it. I think of that money as venture capital. It's not a big investment.
Being flexible is incredibly important. You can change your mind. I understand not wanting to flit around, jumping at something little, but you also need to ask yourself if the reasons you're in an investment are still the reasons you should be. It's hard for your ego and it's hard to call clients, but you have to do it.