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Ken Langone’s Followers (12)
Ken Langone
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I Love Capitalism!: An American Story
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Tự truyện Ken Langone: Từ số 0 đến tỷ phú
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published
2018
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I Love Capitalism!
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* Note: these are all the books on Goodreads for this author. To add more, click here.
“It wasn’t just wealth itself that put me in that position; a lot of it was sheer stubborn curiosity. Whenever I served on a corporate board, I was notorious for asking more questions than any other director on that board. I didn’t give a shit if my question showed how stupid I was. A lot of people are scared to ask questions because they don’t want people to know how dumb they are. I’ve never had that problem.”
― I Love Capitalism!: An American Story
― I Love Capitalism!: An American Story
“Income inequality is a terrible problem in this country, and I don’t have a magic solution. I don’t know about mandating a higher minimum wage. I do know that nobody can live on $20,000 a year. But I worry that mandating a higher minimum might hurt the people you want to try to help: the more you increase the costs of any factor of production, the more incentive you give owners to figure out a way to change that factor of production. So, for instance, a kid behind the counter at Wendy’s may only be able to perform at that level. If you raised the cost of that function, Wendy’s management might have to think about automating it, and then the kid’s out of a job.”
― I Love Capitalism!: An American Story
― I Love Capitalism!: An American Story
“Capitalism is brutal. It’s survival of the fittest. What’s a successful business? More money coming in than going out. If it’s the other way around, you’re out of business—simple as that. If Bernie and Arthur and I had had a bad idea when we started Home Depot, we’d have gone broke. If we’d had a good idea but executed it poorly, we’d also have gone broke. Look at all the automobile companies that have folded: Packard, Studebaker, Hudson; I can go right down the list. What happened? Mostly good ideas poorly executed. They couldn’t compete.”
― I Love Capitalism!: An American Story
― I Love Capitalism!: An American Story
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