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06-21-2012, 02:18 PM
  #84
vanwest
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Join Date: Jun 2011
Location: Vancouver, BC
Country: Canada
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Quote:
Originally Posted by tempest2i View Post
Remind me to not invest in any companies you own or run

Just because your company is rich doesn't mean you should just throw that sort of money away. Especially when that money is on the books a number of years from now.

If I'm going to go to my boss and ask to burn almost 8 M in the parking lot I had better give him a damn good reason as to why I'm going to do that.
With your risk tolerance you would never start a company.
What you need to do to make money is to take calculated risks. You don't think signing Finger, Schenn and any other player involves risks. An $8 million risk for a goalie who will likely retire by then or at worst be a capable and very cheap backup is a risk that doesn't seem nearly as great as risks that most GM's take every year. Certainly a smaller risk than giving an extension to Ron Wilson last year.
Now the risks in years 5 and 6 are huge and that I freely acknoweldge.

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