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Indian billionaire can't find anyplace to invest his $3.8 billion. Drew Curtis' UFIA Highway could sure use some maintenance
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Dead for Tax Reasons
2011-12-28 10:35:19 AM
f1 needs another india based team
wildcardjack
2011-12-28 12:17:30 PM
His dilemma is a worrying sign for India. With the country mired in corruption, bureaucratic red tape and unclear and changing government policies, many of the men who made their billions here are saying maybe it's time to quit India. It's got to be easier to do business elsewhere.
It's amazing that places with more bureaucratic red tape are more corrupt. It's like some sick heterodyne where corruption causes red tape and red tape causes corruption. You know, the kind of corruption where a few "gifts" can eliminate or pass red tape.
freidog
2011-12-28 12:23:47 PM
I can put him in touch with a couple of Nigerian princes that have been very helpful in investing my money.
D135
2011-12-28 12:29:39 PM
micro loans. millions of them. may not be the most profitable, but think of the social good that can be accomplished.
/or you could start an investment firm, write a program to carry out millions of trades in a nano second and fark up the whole market for personal gain
Goodfella
2011-12-28 12:29:49 PM
Buy up some bonds from the Italian government, I hear they have a great yield these days.
Goodfella
2011-12-28 12:31:43 PM
D135
:
micro loans. millions of them. may not be the most profitable, but think of the social good that can be accomplished.
/or you could start an investment firm, write a program to carry out millions of trades in a nano second and fark up the whole market for personal gain
Watch out, the last guy that tried to do that for Africa (Gaddaffi) ended up dead.
dryknife
2011-12-28 12:33:12 PM
Add on to your casinos; hotels, golf courses, restaurants.
MugzyBrown
2011-12-28 12:38:14 PM
D135
:
micro loans. millions of them. may not be the most profitable, but think of the social good that can be accomplished.
/or you could start an investment firm, write a program to carry out millions of trades in a nano second and fark up the whole market for personal gain
I can't do that in PA...at least last I checked. I'm too stupid to invest my own money.
Yay government
Lsherm
2011-12-28 01:52:11 PM
I worked for a company owned by an Indian man for a year. He was the most corrupt individual I've ever had the displeasure of meeting, and four years after I left he was sentenced to a year in prison for defrauding the federal government (we were a contract firm). If the whole country is full of people like him, no wonder this guy doesn't want to invest any money there.
Yankees Team Gynecologist
2011-12-28 03:21:28 PM
Why are people with tens of millions or more in cash on hand never just satisfied with settling down and buying a mansion, five cars, a NetJets account, and a steady stream of hookers and blow?
Nemo's Brother
2011-12-28 03:39:52 PM
Yankees Team Gynecologist
:
Why are people with tens of millions or more in cash on hand never just satisfied with settling down and buying a mansion, five cars, a NetJets account, and a steady stream of hookers and blow?
I buy about 3 lottery tickets a year. I know I won't win. The few minutes of fantasizing are worth the dollar.
If I won a large pot, I'd pay my brother's law school loan, buy my niece a college degree, make sure my folks have a comfortable retirement, and quit my job and get my masters and eventually start a non-profit. I'd live better than I do now, and certainly travel more, but that's it. Not beong a 1 percenter, we can't comprehend unquenched greed. Money is a tool. It buys you freedom and comfort if that is all you really desire. Its not a means to an end for most of us.
newsweek
2011-12-28 04:16:05 PM
I can help him get 3800 women at the same time.
Boatmech
2011-12-28 04:22:18 PM
Yankees Team Gynecologist
:
Why are people with tens of millions or more in cash on hand never just satisfied with settling down and buying a mansion, five cars, a NetJets account, and a steady stream of hookers and blow?
`
Quite a few of them do exactly that but you don't hear about them that often. They are usually the best customers to have. At the other end of the spectrum are the Needy/Greedy Rich that have an absolute compulsion to question every line of every bill I give them for keeping their shiny toys working.
I had an argument last week with the owner of a multimillion dollar yatch as to why I bought a set of 8, $260 batteries from a local supplier instead of paying $220 each from a stateside company. I 'cost' him $240 dollars!
Guy could not/would not understand that shipping (air freight) 8, 75 lbs batteries plus the additional time to go to the airport to pick them up and drive back would have 'cost' him a HELL of a lot more.
Sabretooth
2011-12-28 04:54:08 PM
Invest in my porn company.
Blairr
2011-12-28 06:40:09 PM
Boatmech
:
Yankees Team Gynecologist: Why are people with tens of millions or more in cash on hand never just satisfied with settling down and buying a mansion, five cars, a NetJets account, and a steady stream of hookers and blow?
`
Quite a few of them do exactly that but you don't hear about them that often. They are usually the best customers to have. At the other end of the spectrum are the Needy/Greedy Rich that have an absolute compulsion to question every line of every bill I give them for keeping their shiny toys working.
I had an argument last week with the owner of a multimillion dollar yatch as to why I bought a set of 8, $260 batteries from a local supplier instead of paying $220 each from a stateside company. I 'cost' him $240 dollars!
Guy could not/would not understand that shipping (air freight) 8, 75 lbs batteries plus the additional time to go to the airport to pick them up and drive back would have 'cost' him a HELL of a lot more.
All the rich people I know are stingy farkers.
Outside of movie stars, athletes, lotto winners, and internet IPO allstars - financial prudence is what gets a person there.
/ Watch your pennies and your dollars will look after themselves.
Thelyphthoric
2011-12-28 07:05:03 PM
I heard Ocean Marketing is looking for an infusion of cash...
Boatmech
2011-12-28 07:08:42 PM
Blairr
:
Boatmech: Yankees Team Gynecologist: Why are people with tens of millions or more in cash on hand never just satisfied with settling down and buying a mansion, five cars, a NetJets account, and a steady stream of hookers and blow?
`
Quite a few of them do exactly that but you don't hear about them that often. They are usually the best customers to have. At the other end of the spectrum are the Needy/Greedy Rich that have an absolute compulsion to question every line of every bill I give them for keeping their shiny toys working.
I had an argument last week with the owner of a multimillion dollar yatch as to why I bought a set of 8, $260 batteries from a local supplier instead of paying $220 each from a stateside company. I 'cost' him $240 dollars!
Guy could not/would not understand that shipping (air freight) 8, 75 lbs batteries plus the additional time to go to the airport to pick them up and drive back would have 'cost' him a HELL of a lot more.
All the rich people I know are stingy farkers.
Outside of movie stars, athletes, lotto winners, and internet IPO allstars - financial prudence is what gets a person there.
/ Watch your pennies and your dollars will look after themselves.
`
'Financial prudence' got this guy no parts discounts (yes, my cost IS less than yours and No, I do not have to pass that on to the customer - but usually do). That really did cost him several hundred. Also got a note in the file to remind me not to work for him again.
/wanna eat well? Don't piss off the cook
//wanna actually fire up the engines and go somewhere? Don't piss off the mechanic
AcneVulgaris
2011-12-28 09:52:35 PM
Yankees Team Gynecologist
:
Why are people with tens of millions or more in cash on hand never just satisfied with settling down and buying a mansion, five cars, a NetJets account, and a steady stream of hookers and blow?
After you reach a certain point, in order to feel more wealthy you must crush others down.
roc6783
2011-12-29 11:23:30 AM
Yankees Team Gynecologist
:
Why are people with tens of millions or more in cash on hand never just satisfied with settling down and buying a mansion, five cars, a NetJets account, and a steady stream of hookers and blow?
After RTFA, I know, I know, his company is worth 3.8 billion, not him personally. Your point still stands, of course, but he is looking to invest the pile of money his company has, which has creditors and shareholders, not his personal fortune.
//The issue, at least in the U.S., in my opinion, is that the money people are there, but they, like Hollywood producers and large video game companies, only want to sink money into a relatively proven commodity. So getting money to start a venture is the hard part, but once you show moderate success, then you can get these guys to jump in to expand. The tough part is bridging the gap from idea to moderate success without falling flat. I have not found a business idea that I thought could make that leap, and since I have no technical/trade skill, I cannot see how to get a business up and running without a major investor.
If anyone has any real advice, I would be glad to hear it.
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