Friday, October 1, 2010

How To Find Out How Much My Pearls Are Worth

"Having talent is discovering what you serve." Franklin Pitcher Johnson jr., Creator of companies: Amgen, Tandem, Teradyne

Franklin Pitcher Johnson jr., Creator of companies: Amgen, Tandem, Teradyne "Having talent is to have discovered what serve "
I have 82 years I do not know anything about old age because I have not aged yet. I have four children, three grandchildren and one adopted genetic. I'm Episcopalian, not judge religions by their adherents, but by their works. I am a republican obama: now we need consensus.'m
Iese adviser I keep looking at companies worth investing.
How do I invest?
Sometimes we buy the whole company or part of their business, others buy them to rearrange and better manage them and then sell them, other mergers and other we acquire and then resell to those who can create more value with them.


"All kinds of businesses?
We specialize in biotechnology and information technology.


For example.
We founded Amgen, major multinational drug today, which has made great progress in the fight against osteoporosis and against various hematopatías, and Tandem Computers pioneers in price.


... I had one back in the nineties.
Then they merged with Compaq and HP then became ... It is logical that, as a product becomes more common and inexpensive, the manufacturer must gain size.


How did you?
Running. My father was a college track coach and I coached in the 400 meters to win a scholarship to Stanford, a university or else my family could not pay me.


Did you get to be good?
won the scholarship, but it was a national figure, so I concentrated on studying engineering. Afterwards, I went directly to Harvard Business School with two directions of Boston girls had given me a friend.


That helps.
lot: one of these two directions was my wife, we married 56 years.


Congratulations.
But the Korean War broke out and the Air Force recruited me.


was a butcher.
I dedicated myself to make good fighters: not go into action. And when the war ended seize a political opportunity ...

Rare opportunity
then.
Congress - the two parties at once, and now that's rare today, passed a law to encourage entrepreneurship: the state subsidized loans you four times the amount that you invest in building a .


Sounds good.
My father left me his entire life savings, $ 50,000, I put another 25,000 on mine and another friend, investor and risk-hardened, put the rest up to 300,000.


must have been a good friend.
In fact, Bill is still a good Drapers friend today. The government gave us one million two hundred thousand dollars, a small fortune at that time.

first invested
Where?
I went to college at age 35 thanks to a program that facilitated the studies who already have graduated successfully.


What study?
molecular biology, genetics and computers, which today is information.


accurate choice.
Those studies were the basis of all decisions investment in information technology, biotechnology and tecnogenética. It also helped local boy my schedule.


What do you mean?
I was from California and knew many businessmen, lawyers and professionals: I just had to put my agenda to work.


How?
If you stay in the office, nothing happens. We must go out to make a living. Every day I meet with people and if they passed my filter, and were potential partners.


What is your filter?
That guy or lady is reliable? Would you leave money? Can I return it? Do you lie - or worse, "says half-truths? If they passed the filter, we had to work somehow. Seek opportunities is a bit like you a list of girls to go out ...


not all serve for all.
True, but all serve for something. I have good friends who ran teams of 700 people, but would crash leading one of 7. And having talent is just that: they have discovered what they do.


guess not always successful.
of every ten companies that we created or where we put money, leaving us very well - 20 times the investment, "three or four the bend and the rest ... just zombie.


In what sense?
not lost or won. In the end we sold, or lost or par.


What a company must have to be a good investment?
has to be innovative, but above all, is selling an innovation that people really want. And that cost me a lot to explain to the Russians. Not just the technology is advanced, there must be people - lots of people-willing to buy because they feel it will be useful.


Ever cheated you?
I've always found people much more reliable than malicious. The crooks often take advantage of times of easy money and mad, as with the point. com or the Enron era, and now with subprime mortgages, which is why companies that last no bubbles arise in times of sustained effort and modest benefits.


And now how you see it?
Already liquidity, but it is difficult to get returns interesting but I think we're better than most people think. We're creating jobs and I feel that the machine will operate at top.


"Having talent is to have discovered what they are for" Health and desire


With the money
Pitch Johnson has collected to finance companies has advanced osteoporosis (Amgen ), the hematopatías and other diseases (Idec), or the computer became affordable for everyone (Tandem). Pitch
entrepreneurial is a legend that has inspired several classes of Stanford, home of Google and Silicon Valley, but also is a man who never stop smiling infected by his optimism over partisanship (go out relieved to hear him say that EE. UU. Re-create employment); to see his desire - to 80 continues to seek opportunities -and to hear his accurate advice: "never came to see me a chance when I was sitting in my office."

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