Jim Cramer Why Radio is dead.
"Telamon" wrote in message
...
Sure they do. It's called dropping out and getting a job or going in the
service.
It was a lot more challenging, rewarding and profitable to own and
run a #1 radio station than to take woodshop or algebra. By being an
owner, I could make mistakes that would cause an employee to be fired
and learn how to fix them and not make them again. As John Kluge said
to a friend of mine, "Son, you don't learn from your successes."
So how did you do this? You are 16, no HS diploma that you could have
gotten early but instead you quit. Who would lend money to a 16 year old
loser to built a radio station?
I worked in radio since I was 13, but had an investment account since I was
9. My father had been an investment banker and taught me; while some kids
got Lone Ranger masks and toy gunbelts, I got shares of stock and could
trade them and add to them. I traded stuff on the Toronto Exchang, mostly,
where $25 could buy 100 shares of Ajax Petroleum. At about 10, I got an
"imperfect" Chandler & Price printing press from my Grandfather (who was
president of the C&P) and sold business cards, letterheads, forms, QSL
cards, etc. By the time I was 17, I had enough money to build a station and
(barely) run it til it became profitable.
There is no reason to be bored in HS if there is something else you
can do that is of more value.
Well, that's water over the dam now.
And I was fortunate to have a family that understood that I could always go
back to school, but never go back in time to seize a moment of opportunity.
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