Captain Price Best Quotes

What’s an IPO, exactly? A company decides it wants to “float” part of its equity on the public markets, allowing employees and founders to sell private shares to pay them off for years of service, as well as sell shares out of the corporate treasury to have some money in the bank. Large investment banks (such as my former employer Goldman Sachs) form what’s called a “syndicate” (“mafia” might be a better term) wherein they offer to effectively buy those shares from Facebook, and then sell them into the capital markets, usually by pushing it via their sales force onto wealthy clients or institutional investors. That syndicate either guarantees a price (“firm commitment”) or promises to get the best price it can (“best effort”). In the former case, the bank is taking real execution risk, and stands to lose money if it doesn’t engineer a “pop” in the stock on opening day. To mitigate the risk, the bank convinces the offering company to expect a lower price, while simultaneously jacking up what real price the market will bear with a zealous sales pitch to the market’s deepest pockets. Thus, it is absolutely jejune to think that a stock’s rise on opening day is due to clamoring and unexpected interest. Similar to Captain Renault in Casablanca, Wall Street bankers are shocked—shocked!—that there should be such a large and positive price dislocation in the market they just rigged.

There was no mistaking it, in the 1950’s Liberia proudly, reflected its American roots. Flaunting their power, the palatial homes near Monrovia, owned by the wealthy Americo-Liberians, stood out when compared to the hovels most Liberians had to live in. Although they showed their wear, they were direct copies of the many antebellum Southern Mansions of the Deep South in America. Overlooking the Atlantic Ocean, these somewhat rundown but grand buildings looked strangely out of place. The best visual description of Liberia would be a low-priced remake of the film Gone With The Wind, having the lead parts taken by Americo-Liberians and the rest played by the indigenous tribal natives. The upper-crust of Liberian society continued imitating the attire and gentile customs of the pre-Civil War era in the American South. In the mid 1950's, Liberia had all the trappings of an American colony stuck in the distant past.

it doesn’t feel good to be a captain of industry, or work for a captain of industry, when the integrity of what you sling doesn’t align with the integrity of your soul. I’ve watched many women I know turn away from jobs they used to justify because they feel like they are making our teetering world more damaged. They can’t tolerate the discomfort anymore—but these women have the privilege of choice. Many—most—do not. So many women are forced into low-paying jobs where life is an unrelenting struggle.

Trillions of dollars in homeowner equity…so are the best “captains” of “equity conversion airplanes” the homeowners themselves? No. There is an impetus placed upon real estate professionals - as well as an implied responsibility - to honestly, to effectively and to accurately communicate reality to home sellers. An inability to do so? Fewer real estate listings. Lower sale prices for home sellers. Less equity converted into cash for home sellers. Less revenue for real estate companies. Inopportune…across the board. Three years ago, American homeowners were custodians of an estimated $19 trillion in homeowner equity. Furthermore, over the past three years - even with these stubbornly-elevated mortgage rates - we witnessed an uninterrupted, further run-up in home prices. More equity gained, for American homeowners. As mortgage rates ease downwards heading into the fall, unlocking trillions of dollars in homeowner equity - as a result of more homeowners deciding to either trade up to larger homes, or to downsize to smaller homes, circumstances permitting - will trigger a large-scale (and an upcoming) re-thinking of this following question by more and more homeowners: What shall we now do with this equity we have in our home? So what’s the plan? In real estate, the effective utilization of well-tested "tools,” such as 3-D tours and virtual staging, coupled to good marketing processes - I.e.: a Marketing Plan - deployed by successful real estate teams is a great way for homeowners to convert the equity they have in their homes into cash. It works. Ok, so if you are a for sale by owner home seller in 2024, data indicate that an over-reliance in - as well as, maybe, blind faith placed upon(?), “the Internet,” if you decide to sell your home yourself, FSBO, could lead to an entirely avoidable (and a costly) home selling misadventure. As well as to a saddened foray for home sellers into this unintended outcome: lower sale prices.