What is the magazine, business?
It is a business where our main, activity is chopping down millions and millions of trees, flattening the pulp and printing hieroglyphics and images on both sides of it. Then we send the end product out in diesel-guzzling trucks to shops where perhaps 60 per cent of them sell to customers. We then pile the remaining, unsold magazines into more diesel-guzzling trucks and take them to a plant where they are either consumed as fuel, buried or shredded, or used to make cardboard boxes for refrigerators. That’s the magazine business.
-Felix Dennis
We were fans of Mr. D:Felix Dennis, a Hedonist and Media Magnate, Died on June 22nd aged 67
“If it flies, floats, or fornicates, rent it. It’s cheaper.”
Some Advice for Our Younger Readers: How to Get Rich
"New or rapidly expanding industries, whether glamorous or not, very often provide more opportunities to get rich than established sectors. The three reasons for this are availability of risk capital, ignorance and the power of a rising tide.
Investors are drawn to emerging industries in the hope of making a fast buck. To get rich you will need capital and to acquire capital you need to be where loose capital is searching for a home."
-Felix Dennis, How to Get Rich, pp 47
From The Economist:
