October 31, 2018 | No Comments
I proposed becoming involved with a high tech partnership years ago to a very savvy N.Y.C. investment guru, who had been worshiped at Morgan Stanley for 40 years. He was a certified billionaire himself, and was still a manager for billionaires, and a solid acquaintance I was proud to have had sushi with at Blue Ribbon Sushi or Yama Sushi in the city 3-4 times a year for a number of years. I was sitting with him at the Oak Bar in the old Trump Plaza Hotel, and telling him it was the right high tech area, at the right time, a perfect device, and he told me a story I will never forget.
My friend Bill said that it sounded like a very good deal, was sure it was a good deal, but if I wanted to hear the truth, he would tell me. Most people, he said, don’t really wish to hear the truth, but if I was willing to listen, he would lay it out. I knew instinctively this was the end of the investment, but, considering the man was a legend in the New York investment community, and my largest broker buddy told me that everyone in his research division would give up a body part to have lunch with the man, still known worldwide as a mover and shaker, I was willing to listen.
Marc, he said, Deals are a dime a dozen, as there are always good deals chasing money, and he awaited my response. I could see the wisdom in this, and nodded my head in agreement, Ok.
Bill said, Ok, now for number 2, Dollars are a dime a dozen, as there are always tremendous amounts of Dollars chasing good deals. Money needs Good Deals as much as Good Deals need money. As this also made sense, and made me smile, I smiled, and said yes, I get this too.
When Bill saw that I had truly heard, and was listening to him, as I think he could tell I felt the truth of his comment, he continued…
Marc, Here is the big part, #3. If Deals are a dime a dozen, and Money is a dime a dozen, then the true rarity in life is follow through, and the faithful adherence to a trust. I have known you for 6 years, and you have kept a constancy with me, we have laughed and socialized and shared, and I know you have cared for me, as well as my girlfriend. (I had once brought her hand special chocolate making molds, chocolate in colors, and sticks and stuff, from New Jersey, where I had lived at the time.)
He said he would likely never place his money into a deal, as his name being on the deal was, according to him, enough to have him invited to the table, and be given a piece. While my tech genius was not willing to give shares and get nothing, the story sums up the extreme importance of keeping faith, doing service, and to maintain one’s integrity at all costs.
This, I suppose is the backbone of Synergence Ventures Corporation, Phoenix Mining Group, and Safer Minds, Inc. If we can earn the trust of the United Nations, the Federal Reserve Bank of Governors and the International Monetary Fund, we may be the right party to help your country, your mine, or your cooperative to solve the needs for your people.