“Metallica lives in a little bubble. We just do our own thing. We're not part of any trends or waves or fads. We can just do our own thing, all the time. It's a great luxury. I don't think we were really appreciative of it until recently, and really understood that it is what keeps us alive. It's great to be able to have the freedom to run around and do all this crazy stuff, and at all cost, avoid making another record, just to piss our managers off.” ThinkingLittlesRunningAbleStuffRecordsAliveCrazyCostUnderstoodWaveLuxuryManagersTrendsBubblesFadsAppreciativeMetallica Author:Lars Ulrich
“Obviously, consideration of costs is key, including opportunity costs. Of course capital isn't free. It's easy to figure out your cost of borrowing, but theorists went bonkers on the cost of equity capital. They say that if you're generating a 100% return on capital, then you shouldn't invest in something that generates an 80% return on capital. It's crazy.” IfsCoursesOpportunityEasyCrazyFiguresKeysReturnCostIncludingConsiderationEquityBorrowingTheoristsOpportunity Cost Author:Charlie Munger
“It takes almost no capital to open a new See's candy store. We're drowning in capital of our own that has almost no cost. It would be crazy to franchise stores like some capital-starved pancake house. We like owning our own stores as a matter of quality control.” MatterWould BeHouseQualityCrazyCostStoresCandyDrowningBeing CrazyPancakesQuality ControlCandy Stores Author:Charlie Munger
“Newspapers are technologically obsolete. In the days of instant electronic communications, its crazy to have to print these newspapers at a central plant and deliver them by truck. They're the biggest problem with our solid-waste disposal. And the news you get is a day old. You can get it off the Internet instantaneously for a fraction of the cost.” ProblemCrazyCommunicationInternetCostWasteNewsPlantNewspapersInstantPrintTruckFractionsObsoleteOld YouElectronic CommunicationSolid WasteWaste Disposal Author:Ted Turner