5 Burst results for "George Gillett"

"george gillett" Discussed on News Radio 920 AM

News Radio 920 AM

05:56 min | 1 year ago

"george gillett" Discussed on News Radio 920 AM

"You learned the hard way. College town economy hopes for a boost if the delta variant can be held at bay. We're going to know very quickly about the delta. Very college football season, baby. You look well in the NFL. Alright. The Patriots play on Sundays that a home game talker. Yes. Yep. 4 25. Are they requiring vaccinations at pets there? George Gillett. Haven't heard. Yeah. What? It's only as old as a fan. You mean No, they're not. Who is that? The New Orleans Raiders are in the rate and the Saint the Saint, Sir, I don't know about the same. So we're not playing at home anyway. The, uh but you know the saints were and I think we they they had a heck of a time selling tickets. Because nobody wanted to go if you had to be vaccinated because he had to be vaccinated. Louisiana has one of the lowest vaccination rates in the country. But, yeah, I mean, all of these college towns that for the last, really, you know. Are we going on now? Year and a half have had zero business, right? I mean, if if you would talk about the downtown Boston businesses in downtown New York sandwich shops and all those places that have been decimated, But you know, at least, then you still have some degree of tourism or something else. If you are operating a business in Amherst, Massachusetts, right? You have one customer base. It's the students and the people that go to the school to serve the students. Students in one way or it's the parents. It's the teachers. It's the staff that worked there. When that wasn't there last year. I mean, you had we had business quite literally. Nothing well, and you have businesses that just had to shut down. Oh, yeah, for months and in college towns across the country, I'm sure that's the case. Big question is Business shuts down in upstate New York, right, Do they ever reopen, right? Yeah, That's the question. That's the challenge. Yeah, and it wasn't a business that the P P p really did anything for you there. Right. I mean, you think about that type of business and, yeah, you got a bunch of money to bring your staff back, but you had to bring them back and there was no business to serve them. So you know, didn't really exactly help you in that you had to find something for those workers to do. You have to involve your business, and some did. Some didn't Some were able to just hibernate for you know a year and now are reopening and others. Never are going to An interesting experiment going on in El Salvador, El Salvador has become the first country to adopt Bitcoin as their national currency. And I remember reading should be 30 years ago about a global currency and the whole concept behind a global currency. It made logically it made sense. I wonder if Crypt Bitcoin becomes a global currency. Kind of is now, right. I mean, people. You want to get somebody killed right? You. You, You pay them in Bitcoin, um, you know, and that just results to murder prostitution every time that we, John about big ones, The only thing that buries interested in talking, it's in green. I get it. So El Salvador has become the first country to adopt Bitcoin as a national currency also still accepting dollars, as they always have. Um, US dollars US dollars? Yeah, that's their other. That's there are other currency here, Um It is a big, big experiment that no other country has ever done. If you are else I've been reading and thinking about this and trying to decipher why El Salvador the government would want to do this because it is not popular about 80% of people pulled in El Salvador do not like this idea. They get stupid. Their protests going on throughout the country of like Groups of people that have been killing each other for decades that are all joining in on hating this idea, um, reasons why it might make sense. Approximately 1/5 of the GDP of El Salvador is based on Remittances, Remittances being dollars sent from, you know, El Salvadorans working and united States and they're in California picking crops and they send their money back. So okay, if that makes up 1/5 of your GDP, and you're having a big chunk of that going out to companies like Western Union, then Yeah. Okay. Having a Bitcoin currency might actually make some sense. Um, the other piece of this here that I I think you know, could be attractive to a government like El Salvador would be Throwing anything at the wall to see if it might attract investment. So you become literally the first country ever that adopts Bitcoin is the legal currency. You can be darn sure that they're going to be a lot of businesses, economists and just people in general that are interested in what's going on there and may choose to invest based on that. I think El Salvador has much bigger problems to attract real big investment like, say. Singapore did you know decades ago they made big structural changes to their government, their economy and just their society to attract huge investment in Southeast Asia of Salvador's got other problems that I don't think does that the big problems here? You know the potential how this all goes wrong Well, one Bitcoin is outrageously volatile and doesn't really serve as a currency anywhere else right now. So trying to buy a Snickers bar with Bitcoin when it fluctuates by 20% today. Pretty darn calm, So the retailer's got to be able to go to cash at the end of that day. And then second of all, so they're talking about creating a government sponsored wallet, Basically, so, you know, if you're a citizen of El Salvador, and you're using this as your currency, the government is sponsoring the Bitcoin wallet. We have seen the degree to which these have been hacked over the years. And so if you have one big instance of the government's wallet being hacked, which Again, I don't think would be hugely surprising than this all falls apart. It'll be. It's just, uh, it's the first country that we've seen do it now I'll be it. It's a small country. Very poor. Massively corruption, but I just I was gonna touch worse Corruption in the world. Really some of the worst of the worst. Okay. Alright. Hey, coming up, We'll be playing trivia. Put your thinking cap on..

George Gillett El Salvador Southeast Asia John 20% California last year 1/5 Patriots Western Union decades ago today Sundays New Orleans Raiders 30 years ago first one about 80% NFL Amherst, Massachusetts
"george gillett" Discussed on The Ray & Dregs Hockey Podcast

The Ray & Dregs Hockey Podcast

03:44 min | 1 year ago

"george gillett" Discussed on The Ray & Dregs Hockey Podcast

"The dog and we're down to walls with about seven minutes to go and i'm only out of one year deal so we took apparently so they have a power play and we always going box. If you're matting so that could be my last game ever. I play and slammed the door. It breaks. I kept my head down like nothing happened. Sticking myself though like boy. I'm going to be here for a while. It's like there's no way. I'm not strong enough to do something like that and it did have that it was it was pretty funny kennedy urine bank with the year our owner had divide george gillett. He wheeled out the whole barrel of glass as going away price for me and so i actually took some pieces of it and signed on pushes jackie though sitting there so when put a put on his jacket is about ten pounds heavier. He looked inside he goes. Hey this is a great idea. I'm going to sell these. I don't know what he did with it. But that was the i. Guess when by great experience in montreal. That's help people remember. I never mind the rest of the stuff. It's the glass. Yeah but before. Drake's gets the one thing i want to ask it so we were drafted same draft nineteen eighty two. And you know we're both little and small like you one hundred and thirty fourth in the draft. I believe in the end up in the hall of fame. Like where did your style developed like. Where did where did you become you. Tenacious relentless but skill. You know what i played with. The we won the world cup in nineteen eighty the l. Howard chuck scott her deal. Fred arthur mark crawford. Frank struck the dan frawley. The list goes on and you know. Just watch dale play steal my whole life and just see what he was doing a junior and then the next year he was gone. Scott neal was gone half the year. I became first line. Guy ended up with one hundred sixteen points than the my last year I was kind of little chip. My shoulder get drafted seventh round and i went and got netflix. Sector game with mike eagles he broke my nose and cheekbone. I didn't know he was lefty. So bad yeah so. My brother was there. My brothers eighteen years old. I am and that he played in the minors through but seven years and he said just go. Play your game. And i did I end one hundred. Seventy seven going sin been the st louis didn't have an ownership Sort of august in august. I was duesseldorf training over there. And i was about disarming my agent lyric kelly call that said get out of there. Do not signing thing. Not home left whitman. Just north and dave mail it back. After i signed a week later and You know going in that first year Jock immersed. Can you check. And i got my contract downstairs frame in. It's twenty three miners and sixty five pro and it was one way contract after forty games and i said sure i could jeff so i'm going into a team. Be a briefer will eastward lake dunlop. Larry eighty mike zoo an a. libya. So i'm sure jack and he gave me the opportunity and i got to play against the best players in the world. You learn while you're sitting on the bench watching you know not power play play time..

george gillett Howard chuck scott Fred arthur mark crawford dan frawley Scott neal mike eagles jackie kennedy Drake montreal hall of fame dale Frank netflix st louis Guy whitman kelly eastward lake dunlop
"george gillett" Discussed on KDWN 720AM

KDWN 720AM

04:54 min | 1 year ago

"george gillett" Discussed on KDWN 720AM

"It is possible this team this franchise is not afraid to make big, surprising moves like to Argel on being fired after a three game losing streak. That the Knights were up 31 in this syriza. This is the team that a lot of people believe a lot of fans believe is the team that can win the Stanley Cup finals. If the Knights lose this seriously, the Minnesota wild has it crossed your mind at all that there is a possibility that Pete the Borg, it's let go. I don't think so. I don't think so. You know when you've already made a coaching change, um, you know, in the organization's young history to make another one is a reaction to losing one Syriza. I'm not sure that that Z the way the organization thinks again. They did have the most wins and hockey this year and sometimes you run into a good opponent and things don't go your way. Not that the Golden Knights would use it as an excuse, but they're leading goal scorer has not been available for this series. Max Patch ready, So I think that pizza boy I think is actually done a very, very good job with this group. Has pushed a lot of the right buttons, so I would say No. When George Gillett was let go, it was not in. You know, it was not in response to losing a particular syriza. It was a variety of other Disagreements or approached from how the management of the Golden Knights coaching staff of the time We're looking at it corrected, and I agree with that assessment. All right. So last question to you, Dan, I'm not asking you for prediction. I'm not putting you in that spot. But I will ask you this, though. Who do you think is the key to the game? And who do you think is the guy that can make the difference for the Vegas Golden Knights? Tonight. Now, obviously, I say, Marc Andre Fleury. I'm speaking a Viasa. He's there. I do believe that the Knights are resilient group and they'll get it done tonight, but Nemea guy, or maybe a few players that you think could be the difference site and we could be talking about them tomorrow as the star of the game that got the night's over the top. Well, the first one that comes to mind would be Alec Martinez. Sometimes my gut instinct as to who I think could have an important game leads me to that player to choose for pre game interview. So that goes Alec. For that the interview today might lead you towards something with me. He's the guy who scored the most recent goal for the power play goal in Game five. I mean, he's been very good on the power play in the Syriza, and he has the most blocked shots of anybody in the regular season or the postseason. Gary Lawless said it on our broadcast that he might not have an A or a C honest weather, but he should have a W for warrior and the fight with Matt Dumba the other day, just a second. That was awesome here and all that. So he's one player who comes to mind. Of course, he's 12 cops, amenities played 90. Stanley Cup playoff games on Don't forget about Alex. The Trans Hello? Who's tonight? Bling is 99 on and then you know, it's you can't help but wonder you can't help but wonder as Max Patch ready is miss now 10 games. You know, I said it going into the series. Could there be a Willis Reed moment That's ready in the Golden Knight. I don't know He was not on the ice with the team for the optional morning skate today, so that could be a pipe dream. But it's hard not to think about what Max has been trying to deal with and trying to go through a boy. It would just be so hard to watch your team go through all of this and not be able to contribute in some way so Again. It was when Willis Reed joined the next 1970. You know, it was he hit the first basket and really didn't play afterwards was the emotional boost. I love it that you're I love it that you're a New York guy. You brought that up because I remember I used to watch the footage that what Willis Reed came out and msg and the crowd just went crazy. Uh, you know, Yeah. I love it, Marv. Yes. Why does it always sound like Marv is on the toilet when he spoke, But anyway, that's another story. Yeah, Anyway, anyway, that That was more Sean Connery than Marv Albert. Just mix of the hybrid was interested it would be. It would be a pretty interesting point while taking Danielle, if that's already somehow and you're right, it could be a piper in but you never know. I mean, if he's out there tonight, I think that would be that would just give that team. I think that extra boost even if he's only 80% just to see him out there in the uniforms skating again. I think that would be a huge boost. Dan, You're always so gracious with your time. We always appreciate it when you join us on the show. It's gonna be a fun one tonight, my man, so hopefully next week. Hopefully we can Get you on the show will be talking about this series against the Colorado Avalanche. At least let's hope that But Dan do with the voice of the Vegas Golden Knights. Thank you so much as always, for your time and appreciate you. My pleasure guys enjoyed tonight. Thank you. Thanks a lot, Dad. All right. There you go. Dan do for the voice of the Vegas Golden Knights. You heard it on this show. Daniel Grant movie Geek, a Super fan. Don't wanna put Dan do in that situation because he worked for the Vegas called the Nights I don't want to ask him for a prediction. Danny Negreanu, who usually always has a prediction. He basically said. This is a coin flip game, and he doesn't know what's going to happen. Very smart guy saying that it sounded to me that yes, if he had to, he would lean Vegas Golden Knights. That's where I'm at. I wouldn't put.

George Gillett Danny Negreanu Matt Dumba Alec Martinez Marc Andre Fleury Gary Lawless Sean Connery Alec Marv Albert Pete the Borg Danielle Dan Daniel Grant next week 10 games Marv 12 cops Colorado Avalanche 31 tomorrow
"george gillett" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

07:41 min | 2 years ago

"george gillett" Discussed on Bloomberg Radio New York

"Baron Capital best known for their long term, fundamental, active approach to growth investing. And let's talk a little bit about how you put the long in long term investing. Ah, couple of names you bone Charles Schwab since 1992. Choice hotels since 96 Veil resource since 97. Where do you get the conviction to be so long term in your core holdings? There's something about every business the most important element. The day. Of course they gotta grow. And you really gotta like and trust the people. And But it's important it's about competitive advantage. What is it about these businesses in which you've invested, which we've invested, it gives them a chance. To last for a long time and get some pricing power. And in case it, Tosh wa That was the we had a mutual fund business. And 1992. We had $100 million in management. If he was a mutual fund. 50 was separate accounts. We could not make that business grow 87. 50 million in mutual fund 90 92. We had 50 million in mutual funds. They couldn't make a growth and all of a sudden we get into Charles Schwab on the platform side we've learned about financial advisors. Learned that I had no idea who they were. Thank you on, all right, and we learn about him, and we learned that they're clearing through Schwab Bond They have SWAT has a platform. The mutual fund marketplace, and then they had one source. We got on but we got people. Were advisers to recommend to Charles Schwab, which was for $20,000. We would. They would have to do the work and they weren't sure they were gonna have a worth well spend on us. Where was the demand? So we got a whole bunch of people to call. They said Okay, we'll put you on and when they put us on and we started, uh they said, a lot of people know who you are, but, uh, in the head by what was telling And we got on the platform are funded. Well, we got recommended. We guys one of their top bun choices now, all of a sudden where we couldn't get any money coming in. Writing in 10,000 Day, $150,000 a day. And then, uh, we started growing. And so when I saw that happening, and it all came from Schwab, they said, Wow, I better really study Charles Schwab and I studied Charles Schwab. I saw that people were leaving big brokerage firms to go on their own and then used Polish love to clear. And they didn't want to sell the product that the brokerage firms that they were working for with asking themselves. And they don't want to just raise money They wanted to, uh, stabbed their own business. And so it made sense to me and I really like Chuck. In fact, he was just being honored. Really? Uh, I guess the last few years Some restaurant downtown and on D invited me to be One of the people at Yeah, at this lunch at this dinner. And then I don't know. Maybe 100. People were there 150 people and save a bullet up there. And he said any calls me out from the from from the podium about How you know people like Ron Baron were able to be offered to his clients, which was a really good deal. To Tosh Love. Irresponsible. It would be crazy for me to have a business like ours. They couldn't grow and all of a sudden we get his platform and growth and for me not to realize that was a really big opportunity has invested it. We invested. We made 50 times our money 50 times their money so far, so far. You are you still long Charles Schwab all this time? Yes, That's 30 years ago. That's been a dollar here. That's amazing. I know your turnover rate is about 5 to 7%. And the Baron Growth Fund. The average turnover is under 3%. That very much stands out compared to your peers, who often have turnover rates of 50 or 100%, or even more than 100% will turn over whole pole portfolio. You know twice a year. What are the advantages of the buy and sell approach that you've embraced on I describing to you before about Disney, A McDonald's Federal Express, Nike In the 19 seventies. I have been remained in the best when all this cos they'll route 50 60. We're investing in Disney in the 19 seventies when they were building Disneyworld, Florida. They have Disneyland in California, which was 5000 acres on everyone around him, built other properties and made all that extra money And you're the orange groves in California. And in Florida. They said, Okay, we're doing this differently this time. Having 5000 acres where we just have a park. We're gonna buy 100,000 acres. And we're gonna have the hotels. We have all the other services. We're going to get the money from that. So I was investing in Disney in the 19 seventies when they were building Disneyland. I was thinking world I was investing in McDonald's a time when I would I would go. My girlfriend at the time was in Washington. And when I would go down to Washington that would go every weekend she would come to New York by way of Washington. And the Big Macs. Well, I couldn't wait to go have Big Macs and they were like less than a dollar degrees 75 years since I don't know, And I felt it with McDonald's. The big opportunity was They were they owned the land. Was underneath of the franchisees, properties and the Coca Cola is within of incense where Coke maybe fries were 10 cents. Maybe the hamburgers were 20 or 25 cents, and said, Oh, my God, they profit margin that they're on the verge of making they could raise the price from 10 to 15 cents. Then all of a sudden, extra five cents profit where they could raise the surprise and 10 cents to 12 cents, or apple pie That has from 15 cents to 20 cents. So is that there's a tremendous amount of leverage. In the pricing that they had, and plus, they had this land and underneath the ball of the hotel. So there's something about the business that the veil Is the best mountain I had ever seen. Ski I love skiing. It was the best now and other people would have 600 acres, asking with 600 acres. They always 14,000 acres. On and you know, and the result and the big guy opportunity in Vail, But when we invested in it in 1976, it was 16 or $17 a share. And then Leon. So it what happened in Vail is that it was controlled by a man named George Gillett. Fired against the property and then built a radio station and Tallahassee. I guess it was or somewhere in Florida. And borrow $250 million in bankrupt Leon Black port the debt and turned into the equity on then brought the company public so he could pay back some of the money that you borrowed violently survivors. And that's after 16 or $17, and then, uh, my ideal shoulder ever since. Ever since. Yes, coming up. We continue our conversation with Ron Baron of Baron Capital discussing.

Charles Schwab Disney Ron Baron Baron Capital Schwab Bond Tosh Love Baron Growth Fund Florida McDonald Vail Washington Disneyland California Leon Chuck Tallahassee George Gillett Ski
"george gillett" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

07:42 min | 2 years ago

"george gillett" Discussed on Bloomberg Radio New York

"Our extra special guest this week is Ron Baron of Baron Capital best known for their long term, fundamental, active approach to growth investing. And and let's talk a little bit about how you put the long in long term investing. Ah, couple of names you've owned Charles Schwab since 1992. Choice hotels since 96 Veil resource since 97. Where do you get the conviction to be so long term in your core holdings? There's something about every business the most important element of the video. Of course, they gotta grow. And you really gotta like and trust the people. And But what is important, it's about competitive advantage. What is it about these businesses in which you've invested, which we've invested that gives them a chance. To last for a long time and gives impression power. And in case it, Josh wa That was the we had a mutual fund business. And 1992. We had $100 million in management. If he was a mutual fund. 50 was separate account. We could not make that business grow 87. 50 million in mutual fund 90 92. We had 50 million in mutual funds. It couldn't make a growth and all of a sudden we get into tall Schwab on the platform side we've learned about financial advisors. Learned that I had no idea who they were. Thank you on all right. And we learn about him, and we learned that they're clearing through Schwab and and and they have what has a platform the mutual fund marketplace and then they had one source. We got on but we got people. Were advisers to recommend to Charles Schwab, which was for $20,000. We would. They would have to do the work and they weren't sure they were gonna have a worth well spend on us. Where was the demand? So we got a whole bunch of people to call. He said. Okay, we'll put you on and when they put us on and we started, uh they said, a lot of people know who you are, but, uh, in the head by what was telling And we got on the platform are funded. Well, we got recommended. We guys one of their top bun choices all of a sudden where we couldn't get any money coming in. Writing in 10,000 Day, $150,000 a day. And then, uh, we started growing. And so when I saw that happening And it all came from suave and said, Wow, I better really study Tosh Love and I studied Charles Schwab and I saw that people were leaving the brokers firms to go on their own and then used tallest love to clear. And they didn't want to sell the product that the brokerage firms that they were working for with asking them to sell. And they don't want to just raise money They wanted to, uh, stabbed her own business. And so it made sense to me and I really like Chuck. In fact, he was just being honored. Really? Uh, I guess the last few years Come restaurant downtown and on G invited me to be One of the people at Yeah, at this lunch at this dinner. And and then I don't know. Maybe 100. People were there 150 people and see they always up there and he said, and he pulled me out from the from from the podium about How you know people like Ron Baron were able to be offered to his clients, which was a really good deal. To trash love. Irresponsible. It would be crazy for me to have a business like ours. They couldn't grow and all of a sudden we get a platform and growth and for me not to realize that was a really big opportunity has invested it. We invested. We made 50 times our money 50 times their money so far, so far you are you still long Charles Schwab all this time? That's 30 years ago has been a dollar here. That's amazing. I know. Your turnover rate is about 5 to 7%. And the Baron Growth Fund. The average turnover is under 3%. That very much stands out compared to your peers, who often have turnover rates of 50 or 100%, or even more than 100% will turn over whole pole portfolio. You know twice a year. What are the advantages of the buy and sell approach that you've embraced on I describing to you before about Disney, A McDonald's Federal Express 90. In the 19 seventies. I have been remained in the best when all those companies there were over 50 60. We're investing in Disney in the 19 seventies, when they were building Disneyworld in Florida. At Disneyland in California, which was 5000 acres on everyone around him Bill's other properties and made all that extra money and you're the orange groves in California. And in Florida. They said, Okay, we're doing this differently. This time. They're having 5000 acres where we just have a park. We're gonna buy 100,000 acres. And we're gonna have the hotel is we have all the other services. We're going to get the money from that. So I was investing in Disney in the 19 seventies when they were building Disneyland. I was cruising world I was investing in McDonald's a time when I would I would go. My girlfriend at the time was in Washington. And when I would go down to Washington that would go every weekend she would come to New York. I will go to Washington. And those big Macs that we couldn't wait to go have Big Macs, and they were like less than a dollar degrees 75 years since I don't know, and I felt it with McDonald's. The big opportunity was If they were they owned the land. Was underneath of the franchisees, properties and the Coca Cola is with end of incense where Coke maybe fries were 10 cents. Maybe the hamburgers were 20 or 25 cents, and said, Oh, my God, they profit margin that they're on the verge of making they could raise the price in 10 to 15 cents. Then all of a sudden, extra 5 50 gold profit. Where they can raise it. A surprise and consent to 12 century apple pie they had from 15. Cents to 20 cents. They said there was a tremendous amount of leverage. Underpricing that they had and plus, they had this land and underneath the ball of the hotel, so there's something about the business that's a veil. Is the best mountain and ever seen Ski. I love ski. It was the best now and other people would have 600 acres asked him with 600 acres, there was 14,000 acres. On and you know, and there was old and the big guy opportunity in Vail, But when we invested in it in 1976, it was 16 or $17 a share. And then Leon. So it what happened in Vail is that it was controlled by a man named George Gillett. Fired against the property and then build the radio station and Tallahassee. I guess it was or somewhere in Florida and borrow $250 million in bankrupt Leon Black what the debt and turned into the equity. On, then brought the company public so he could pay back some of the money that you borrowed violently survivors. And that's after 16 or $17, and then, uh, by ideal will there ever since I have ever since. Yes, coming up. We continue our conversation with Ron Baron of.

Charles Schwab Ron Baron Florida McDonald Disney Schwab Baron Growth Fund Washington Vail Baron Capital Disneyland Ski California Leon Tosh Chuck Tallahassee George Gillett