Talent Fee Quotes

That's the real distinction between people: not between those who have secrets and those who don't, but between those who want to know everything and those who don't. This search is a sign of love, I maintain. It's similar with books. Not quite the same, of course (it never is); but similar. If you quite enjoy a writer's work, if you turn the page approvingly yet don't mind being interrupted, then you tend to like that author unthinkingly. Good chap, you assume. Sound fellow. They say he strangled an entire pack of Wolf Cubs and fed their bodies to a school of carp? Oh no, I'm sure he didn't; sound fellow, good chap. But if you love a writer, if you depend upon the drip-feed of his intelligence, if you want to pursue him and find him -- despite edicts to the contrary -- then it's impossible to know too much. You seek the vice as well. A pack of Wolf Cubs, eh? Was that twenty-seven or twenty-eight? And did he have their little scarves sewn up into a patchwork quilt? And is it true that as he ascended the scaffold he quoted from the Book of Jonah? And that he bequeathed his carp pond to the local Boy Scouts? But here's the difference. With a lover, a wife, when you find the worst -- be it infidelity or lack of love, madness or the suicidal spark -- you are almost relieved. Life is as I thought it was; shall we now celebrate this disappointment? With a writer you love, the instinct is to defend. This is what I meant earlier: perhaps love for a writer is the purest, the steadiest form of love. And so your defense comes the more easily. The fact of the matter is, carp are an endangered species, and everyone knows that the only diet they will accept if the winter has been especially harsh and the spring turns wet before St Oursin's Day is that of young minced Wolf Cub. Of course he knew he would hang for the offense, but he also knew that humanity is not an endangered species, and reckoned therefore that twenty-seven (did you say twenty-eight?) Wolf Cubs plus one middle-ranking author (he was always ridiculously modest about his talents) were a trivial price to pay for the survival of an entire breed of fish. Take the long view: did we need so many Wolf Cubs? They would only have grown up and become Boy Scouts. And if you're still so mired in sentimentality, look at it this way: the admission fees so far received from visitors to the carp pond have already enabled the Boy Scouts to build and maintain several church halls in the area.

Fichte, Schelling, and Hegel are in my opinion not philosophers; for they lack the first requirement of a philosopher, namely a seriousness and honesty of inquiry. They are merely sophists who wanted to appear to be rather than to be something. They sought not truth, but their own interest and advancement in the world. Appointments from governments, fees and royalties from students and publishers, and, as a means to this end, the greatest possible show and sensation in their sham philosophy-such were the guiding stars and inspiring genii of those disciples of wisdom. And so they have not passed the entrance examination and cannot be admitted into the venerable company of thinkers for the human race. Nevertheless they have excelled in one thing, in the art of beguiling the public and of passing themselves off for what they are not; and this undoubtedly requires talent, yet not philosophical.

GET BEYOND THE ONE-MAN SHOW Great organizations are never one-man operations. There are 22 million licensed small businesses in America that have no employees. Forbes suggests 75 percent of all businesses operate with one person. And the average income of those companies is a sad $44,000. That’s not a business—that’s torture. That is a prison where you are both the warden and the prisoner. What makes a person start a business and then be the only person who works there? Are they committed to staying small? Or maybe an entrepreneur decides that because the talent pool is so poor, they can’t hire anyone who can do it as well as them, and they give up. My guess is the latter: Most people have just given up and said, “It’s easier if I just do it myself.” I know, because that’s what I did—and it was suicidal. Because my business was totally dependent on me and only me, I was barely able to survive, much less grow, for the first ten years. Instead I contracted another company to promote my seminars. When I hired just one person to assist me out of my home office, I thought I was so smart: Keep it small. Keep expenses low. Run a tight ship. Bigger isn’t always better. These were the things I told myself to justify not growing my business. I did this for years and even bragged about how well I was doing on my own. Then I started a second company with a partner, a consulting business that ran parallel to my seminar business. This consulting business quickly grew bigger than my first business because my partner hired people to work for us. But even then I resisted bringing other people into the company because I had this idea that I didn’t want the headaches and costs that come with managing people. My margins were monster when I had no employees, but I could never grow my revenue line without killing myself, and I have since learned that is where all my attention and effort should have gone. But with the efforts of one person and one contracted marketing company, I could expand only so much. I know that a lot of speakers and business gurus run their companies as one-man shows. Which means that while they are giving advice to others about how to grow a business, they may have never grown one themselves! Their one-man show is simply a guy or gal going out, collecting a fee, selling time and a few books. And when they are out speaking, the business terminates all activity. I started studying other people and companies that had made it big and discovered they all had lots of employees. The reality is you cannot have a great business if it’s just you. You need to add other people. If you don’t believe me, try to name one truly great business that is successful, ongoing, viable, and growing that doesn’t have many people making it happen. Good luck. Businesses are made of people, not just machines, automations, and technology. You need people around you to implement programs, to add passion to the technology, to serve customers, and ultimately to get you where you want to go. Consider the behemoth online company Amazon: It has more than 220,000 employees. Apple has more than 100,000; Microsoft has around the same number. Ernst & Young has more than 200,000 people. Apple calls the employees working in its stores “Geniuses.” Don’t you want to hire employees deserving of that title too? Think of how powerful they could make your business.

RAND HOLSTON: Forrest Gump is a movie I am extremely proud of. I represented Wendy Finerman and Steve Tisch, the producers. STEVE TISCH: Gump was ’94 but we set up the project at Warner Bros. in ’85—a nine-year development gestation period. It didn’t hurt that Ovitz wanted Gump to be made. Hanks and Zemeckis were clients. When the head of the most important talent agency in the business at that time says he wants to make something happen and he’s very passionate about making something happen, it’s a lot of wind in your sail. RAND HOLSTON: We had to restructure the deal more than once. The studio decided it wasn’t willing to make the picture for what had been previously discussed, and when they gave us the new number, it was clear the only way to get the film made was taking the principals above the line—Bob Zemeckis, Tom Hanks, Wendy, and Steve—to take less cash up front, and we made sure they were able to get more gross points on the back end. This turned out to be a really good deal for all of them. ROBERT ZEMECKIS: The studio was going to shut the movie down if Tom and I didn’t give our fees back. This was something that they do all the time: There’s forty-eight hours left before you shoot, and they say you’ve got to take X amount of million dollars out of the budget. So we said, “How are we going to do that now? We’ve got to start shooting in forty-eight hours.” And it comes back, “Well, you guys are just going to have to give us back your fees.

Others who found their way to the air via Atwater-Kent were Frances Alda, Josef Hoffman, Louise Homer, and Albert Spalding. Fees to the Met alone ran $25,000 a year. By 1930 Frances Alda was the regular soloist. That year, the first that reliable ratings were compiled, Atwater-Kent had a 31.0, finishing third behind Amos ’n’ Andy and The Rudy Vallee Hour. An offshoot of sorts was Atwater-Kent Auditions, the first talent scout show, heard in 1927 and culminating in December that year. Local competitions were initiated around the country: the five winners from each division (male and female) competed for $5,000 prizes in the finale. Donald Novis and Thomas L. Thomas came out of Atwater-Kent Auditions, but Kenny Baker—who also went on to a notable radio career—never got past the local level. Graham McNamee announced the show.

Unhappily, the basic assumption that most institutional investors can outperform the market is false. Today, the institutions are the market. Institutions do over 95 percent of all exchange trades and an even higher percentage of off-board and derivatives trades. It is precisely because investing institutions are so numerous and capable and determined to do well for their clients that investment has become a loser’s game. Talented and hardworking as they are, professional investors cannot, as a group, outperform themselves. In fact, given the cost of active management—fees, commissions, market impact of big transactions, and so forth—investment managers have and will continue to underperform the overall market. Individual

London in those years was a thieves’ paradise. There was no citywide police force: The London Metropolitan Police Department would be established only in 1829. The patchwork of local watchmen, marshals and constables that patrolled the city in Wild’s day proved eminently bribable: Thieves often sold their plunder directly to them, at an attractive discount, which kept them safe from the hangman’s noose. Capitalizing on prevailing conditions, Wild began to gather London’s foremost thieves around him. He set up shop in the parlor of a London tavern, where he presided over the boldly named “Office for the Recovery of Lost and Stolen Property.” Suppose an English gentleman awoke one morning to find his gold watch and silver snuff box missing. Calling on Wild in his “office,” he would be informed that Wild “had an idea where the goods might be found, or at least who it was that had possession of them,” and that they could soon be returned to their rightful owner—for a fee. “If the person questioned Wild’s integrity, or asked how he should know so much about the theft, Wild answered ‘that it was meerly Providential; being, by meer Accident, at a Tavern, or at a Friend’s House in the Neighbourhood, [he] heard that such a Gentleman had his House broken open, and such and such Goods Stolen, and the like.’ ” Needless to say, Wild knew exactly where the goods were, because they’d been stolen by one of his own employees. What he’d done, in short, was to perfect a kind of property-kidnapping for ransom. The system proved so effective that he did not hesitate to target some of the country’s wealthiest men and women.

premium unrelated to its usefulness, like the fund managers earning a fat fee for doing nothing, or the many talented MIT engineers and scientists hired to write software that allows stock trading at millisecond frequencies, then talented people are lost to firms that might do something more socially useful. Faster trading may be profitable because it allows the trader to react more quickly to new information, but given that the reaction time is already seconds or less, it seems implausible that it improves the allocation of resources in the economy in any meaningful way.

Mate, I’ve only been here for a few weeks, but I don’t think anyone even knows my name. I’ve already slipped three spots down the batting order. I’ve got no idea what the lyrics to the club song are. And every time I get a hit at training, I hear the faint sound of blokes whispering that one word under their breath: “Yuck.” What am I doing wrong?’ I began, nervously. Nuggsy paused, took a long swig of his Reschs schooner, and reclined languidly into his seat. He scratched his bald head for a moment, seemingly in deep thought, before embarking on the long-winded response that would indeed shape my cricketing future. ‘Listen, bud. You’re a grade cricketer now. And it’s time you learned a little bit about what that means. This isn’t club cricket, “Shires” cricket, or that stupid school shit that you wasted your time on for all those years. This is grade cricket: the highest level of amateur cricket in the world,’ he said with pride. Just for those who don’t already know, I should quickly provide a bit of background on the grade cricket competition. Grade cricket (or ‘Premier cricket’, as it is known in some states/territories) is the level directly below the state competition.  Despite this close proximity to the professional arena, it is nonetheless an amateur competition. Sure, one or two first graders might get paid a little bit under the table, but everyone else must pay a registration fee in order to play. Normally, each club has four to five grades — first grade being the strongest; fifth grade the weakest. Those in first grade enjoy a status that the fifth graders can only dream about. Being a first grader is like being a celebrity to 50 blokes whose names you’ll never know — or never even need to know — unless you end up playing with them after a severe run of poor form (or a serious disciplinary breach). The rest of the club — seconds, thirds, and fourth grade — is basically an assortment of talented youngsters and ageing desperates. The common denominator between the young and old brigade is that they were all once told they were ‘good enough to play for Australia’. In many cases, it was the first and last compliment they ever received — and the reason why they’re still playing. In all cases, it was the worst thing that could have ever happened to them. The ultimate grade cricketer, therefore, will possess the perfect balance of good and not good enough that will haunt them for all of their playing days. All this of course, is something that can only be learned with experience. At this early stage in my grade cricket career, I considered these young players to be ‘cool’ and the older players worthy of my respect. Nuggsy tilted his head to one side as he lit up a cigarette. He took a deep drag, holding it in for what seemed like hours, before launching his head back to expel a thick plume of smoke towards the ceiling. ‘Listen, great man,’ he began. ‘Success in grade cricket has nothing to do with skill, ability, or even results. It’s all about the social ladder, bud. You’ve got the big dogs up top, the peasants down the bottom, and everyone in between is just trying to stay relevant,’ he offered. In many ways, grade cricket social hierarchy bears great similarity to the feudal systems that first appeared in the Middle Ages in Europe — something I’d learned a bit about at high school. As I remembered, kings and monarchs sat at the top, enjoying their pick of the land, women and food. They were the ones who established the rules that everyone had to live under. The barons leased their land from the king; the knights leased their land from the barons; and the knights granted the lowly peasants their land.  The peasants were not allowed to marry, nor could they even leave the manor without permission. Basically, they were the fifth graders of the 8-12th Century.

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