Katie Melua on Music, Art & Beauty
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Every nation is dependent on every other to shore up the system, and there are few (if any) instances where a country is fully shielded against the default of another.
Warren Buffet has only bought one business outside the USA and that's in Israel... During the due-diligence process, Hezbollah landed rockets in the car park of the main factory he was buying! The factory owners said to Buffet that they would totally understand if he wanted to postpone the due-diligence if he perceives a risk and he said, '...as far as I'm concerned any business that's up and running within an hour of having mortars land in their car park is a pretty resilient company...'
To be a great fighter you obviously have to have talent, but what really matters is dedication and discipline. I've seen so many guys with talent where I've thought, 'this guy's going to be a world champion…' but they've not had the dedication. They've not given what you had to give, which is everything. To succeed as a boxer, you have to dedicate your life to it… it's a very short career for a professional fighter.
Remote work has turned the lights on in the room, it's allowing us to see the cracks and cobwebs, and we can never switch that light off again.
We manage risk by lending into the value-chain where we are able to leverage the non-financial-assets of the corporation that's buying from these communities and agricultural businesses. By having off-take agreements, we have guaranteed demand for the underlying product and, therefore, bankable cash-flows.
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