Peter Knight, Partner at Generation Investment Management, has held senior positions on four presidential campaigns, including serving as the Campaign Manager for the 1996 re-election of President Clinton. In addition, Knight currently serves as a director on a number of public and private company boards and he is also a member of the Board of Directors of the National Park Foundation. Peter Knight is a graduate of Cornell University.
Now in the finance sense, which is the way we think about, and I'll come back to how I come to this subject, you should live off your cash flow rather than your capital. Or put it a slightly different way, you should not borrow tomorrow's profits and pay for them today. Earn today's profits today. ...(Full transcript available to logged in subscribers.).
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