Quote:

As another in a series of errors.

Here's a real life example ... I worked for an architect who designed restaurants. One of his clients was a partnership that included Iron Chef Morimoto after he left DeNiro's restaurant.

So, Morimoto looks to open his own US restaurant.
Oddly enough he solicits several investment partners.

Is this evidence that he doesn't have enough money to open the restaurant on his own?

Is this evidence that he doesn't have confidence in his own success?

Or is it evidence that he would like to use the risk of others capital in an attempt to make money without risking his own assets?


I have NO IDEA if Manning has ANY MONEY or if he really would have NO business without them.

But, generally your theory that having co-investors is evidence of a lack of resources does not hold.

Spielberg doesn't do his project completely on his own.
Neither does Trump.
Neither does Murdoch.

Neither does Warren Buffett.



Morimoto solicited investment because it costs upwards of a million dollars to open a trendy restaurant ***AND*** their is an extremely high failure rate. So, did Morimoto need the money because he didn't have a million? Or, was he aware that retaurants fail at an alarming rate?

Spielburg solicits investments because he is smart enough not to rink his own capital as generally movies are a bad investment. Films are so expensive to bring to the screen that some films that gross $50 million are considered flops.

Trump and Murdoch use banks to lower exposure to risk. God forbid they use up any of their capital.

Buffett only invests in companies that are a good value for the long term. He's made billions reducing his exposure by including other investors in his fund.