Larry Ellison – Oracle CEO
From the “Spend less than you make” department. Apparently Larry Ellison is having a little trouble with this concept. It feels good to dump on Larry a bit. Probably because, even with his “spending problems”, he makes more interest on his money in an hour, than I’ll make my whole life in income. Okay. Yes, that is jealousy talking a bit.
http://www.sfgate.com/cgi-bin/article.cgi?file
2 Responses to “Larry Ellison – Oracle CEO”
Comment from trip
Time February 2, 2006 at 5:28 pm
I think it is interesting that advisers of the super-wealthy are dispensing the same familiar advice that I would give if I were an adviser. Quotes from Mr. Ellison’s adviser:
“I think it’s imperative that we start to budget and plan.”
“We need to establish and execute on a diversification game plan, to eliminate (yes, eliminate) all debt and build up a significant, conservatively structured, liquid investment portfolio.”
“PE multiples are driven by market (or should I say, mob) psychology. There’s no science or logic in the short or medium term.”
Oh so familiar and I am sure he knows more money than I ever will.
Comment from samerwriter
Time January 31, 2006 at 10:22 pm
Hah! Thanks for that. I’ll never be worth $17B, but I think I can also safely say that I will never, ever, owe $1B to anyone.