I got plenty of guesses wrong on things in the past as well. I don't want to pretend I have some great insight... But when the global financial crisis came along in 2008 it was scary times if you were in the middle of building $5 billion buildings. It wasn't perfect... I think that I am the luckiest person in Australia.
James PackerWhen you look at what Star (casino) has done for Sydney over the last fifteen years.. I don't think it has done a lot. When you look at what Crown (his casino) has done for Melbourne, I think it has done an enormous amount. And there's all sorts of statistics and figures and facts that can back those things up.
James PackerThe history of media is the market share of advertising dollars has followed.. albeit with a lag.
James PackerWe need to make sure we have the best people we can in our operations, and that is a constant challenge. There is always room to improve.
James PackerIn a perfect world we don't want to be overly dependent on any single asset or be so dependent on the cycle or where one asset is the bulk of this company.
James PackerYou can say on one hand the market is crazy but it's not 1999. People have had their medicine from overexuberance. I find it really interesting that those two businesses, Yahoo! and Google, which are just online advertising businesses, are valued at more than the media behemoths in America.
James Packer