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Areas Quotes

“The end result of the adoption of permaculture strategies in any country or region will be to dramatically reduce the area of the agricultural environment needed by the households and the settlements of people, and to release much of the landscape for the sole use of wildlife and for re-occupation by endemic flora.”

“The dynamic is unmistakable: fixed lines for phones have been declining at a three-percent rate for the last several years, while the number of Americans opting for cell phone calling keeps increasing. If you are a fixed line provider this trend means trouble. Many of the fixed mobile convergence strategies under consideration end up utilizing a smart phone or dual-mode VoWLAN/Cellular phone that works like a landline phone in the local area and then converts to cell phone calling.”

“There are areas using what's called the "checkerboard strategy." They are different cities where you can move around the "checkerboard," doing things you can't do in every square, that you can do in some of them, building a mosaic of these kinds of practices. There are about 400 cable television networks, for example, that are publicly owned. That's a big fight for big private companies. In some areas, this is a political struggle, in some it's conventional common sense.”

“It should be borne in mind that the target is always trying to shift responsibility to get out of being the target. There is a constant squirming and moving and strategy . . . on the part of the designated target. The forces for change must keep this in mind and pin that target down securely. If an organization permits responsibility to be diffused and distributed in a number of areas, attack becomes impossible.”

“The big picture is: the main thing you should be concerned about in the future are incremental returns on capital going forward. As it turns out, past history of a good return on capital is a good proxy for this but obviously not foolproof. I think this is an area where thoughtful analysis can add value to any simple ranking/screening strategy such as the magic formula. When doing in depth analysis of companies, I care very much about long term earnings power, not necessarily so much about the volatility of that earnings power but about my certainty of "normal" earnings power over time.”

“They have a policy in China for their big companies called "Go abroad." It's a rational thing for both the company and the country to say, "We want big, successful companies." Particularly in areas where they need it: agriculture, energy, technology. I think banking, too. One or two have bought a trading house. Some have already begun expanding around the world. Of course they're going to have those ambitions. Why wouldn't they? They're just doing it methodically. It's a logical strategy and, well-executed, they will succeed.”