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We don't get the Tony gift basket anymore. You used to get incredible swag - there was like $5,000 worth of stuff. I remember getting an MP3 player, gift certificates to restaurants, a three-year gym membership.
I've never been someone that's had a five-year plan, or a three-year plan. That just seems to lead to a lot of disappointment, and doesn't give you the chance to be flexible.
Bootstrapping allows you total creative freedom. For example, if you decide to approach your business in a certain way that makes it a two- or three-year process to get to your first product, you can do that, versus being rushed into it by investors.
While eliminating smallpox and curtailing cholera added decades of life to vast populations, cures for the chronic diseases of old age cannot have the same effect on life expectancy. A cure for cancer would be miraculous and welcome, but it would lead to only a three-year increase in life expectancy at birth.
S. Jay Olshansky
In February 2003, I signed a three-year contract with MSNBC to host a talk show. Having recently decided not to run again for governor of Minnesota, I was still a pretty hot commodity. The show was originally scheduled for an hour, four nights a week.
I was under the impression I had signed a three-year contract. I want to be back. I expect to be back. I will be back.
No, one of the great things about my three-year deal is that it's year-round. They've offered me an opportunity to cover a lot of things in the offseason, too.
You lay out a plan and - say a three-year plan or a two-year plan - and say, 'This is what we can do. We can do the transportation packages, like the highway bill and the water bill, and we can do some of these other areas - a farm bill - whatever it is, we lay out a schedule, and we put that committee to work to do that.'
Ten-year plan? No, three-year plan! I'm in a hurry.
I've noticed that in the U.S., when the president hits the three-year mark in office, he goes into re-election campaigning.
We test everything on a one- and a three-year cycle. And you want to stress-test a model, and the three-year test usually does that because you have a growth and value bias. You have different interest rate environments.
I guess for every government - for many governments, they only have short vision, they only have three-year term or a four-year term. So they have to make sure they get enough support from the voter. So they probably have to deal with more short-term issues which are related to being re-elected.
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