Boston
Strategic Concepts & Mechanics
Primary Evidence
"“I wish it were as simple as me giving you a specific date... but that would be a couple of years out and I’m not sure that’s what you want,” Risley wrote back to the group. “Let me try and explain. We have investments in about 20 companies. The most important [of] value are 40% stakes in each of ClearBank and World Energy [a Boston-based biofuels company]. We think ClearBank is now worth over a billion and World Energy should get there by the end of the year.” ClearBank was growing quickly and securing new customers, while World Energy’s renewable diesel refinery in Los Angeles was under a $ 350-million expansion (later expanded to $ 1.4 billion)."
"Of course, relying solely on myself was absolutely not enough, because the book often contained passages that I read again and again, thought about again and again, and still did not understand. At those times, I had no choice but to ask someone. Ask whom? At that time I worked in Ipswich. Ipswich is a very small town, about sixty or seventy miles from Boston, and driving back and forth took more than three hours. Living in Boston was very inconvenient for me, but my wife was still working in Boston, so we were not in a hurry to find a home in Ipswich. For the first two months, I lived in the only hotel in Ipswich. Staying at the same hotel was a colleague who was recognized within Sylvania as a semiconductor expert; he became my first semiconductor teacher. I remember the hotel room was not comfortable, but it did have a decent restaurant. My “teacher” loved to drink. Every evening from 6:30 p.m. until the restaurant closed at 10 p.m., he spent all his time on alcohol. While drinking, he would also order a dish, to give the meal some meaning. My habit was to sit with him at dinner every day. At that time I still could not really drink, so I ate my dinner while he drank his alcohol, but when I asked him about parts I could not understand, he patiently explained them to me. Although he drank a lot, I never saw him truly drunk, and he indeed was a good expert—he could answer most of my questions. Every night, after I finished my meal and asked my questions, I went back to my room to continue reading. But sometimes when I encountered new questions, I would still go back to the restaurant to find him; as long as it was before the restaurant closed, he was almost certainly drinking alone."
"I told him, “You wouldn’t let me fire Frank because of the money, and now it’s my job to save the money! Besides, Yablans is a thief; he’s been getting bribes from Sumner Redstone for years.” We had recently discovered that $100,000 worth of diamond jewelry was sent to a certain address every Christmas from a certain Boston jeweler. Boston was where the theater-owning Redstone lived; it wasn’t hard to trace it."