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Published · transcript-backed

David Rosenthal: commitment

18 Feb 2021 Acquired The New York Times Company

“I could imagine him praying one night being, like I'm sorry God for going into real estate. I will be the greatest newspaperman ever if I can bail out my debts.”

— David Rosenthal

Source trail

Everything needed to verify it.

Speaker
David Rosenthal
Attribution
Verified speaker
Claim type
commitment
Recorded
18 Feb 2021
Publisher
Acquired

Transcript context

…I think it was called like the Over The River Company or something like that, because it was land that was like over the river from everything else. It was wildly speculative. Yup, wildly speculative. Famously, he learns his lesson from this. He’s like, I am a newspaperman. This is in my blood. This is all I will ever do. I will never do anything else. I could imagine him praying one night being, like I'm sorry God for going into real estate. I will be the greatest newspaperman ever if I can bail out my debts. Not to mention, it worked well when he bought stuff with other people's money and with leverage, and it really didn't go well when he decided to buy a bunch of land with his own personal capital. He gets the seed planted, I should use other people's money to buy stuff from now on.…

Stored transcript either side of the excerpt. The highlighted words are the published quote; the surrounding text is unedited source, never generated.

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