01 December, 2008

American Failure

"In business, under the American system, each year the failures exceed the new successes by a very, very, very wide margin. In business, under the American system, hundreds of thousands more have failed, generation after generation, than the few who have succeeded. If we are to judge by the preponderance of individual successes over failures, or vice-versa, then the American system, business wise, is a record of steady, almost unrelieved failure. It has failure literally built into it."
Ferdinand Lundberg,
"The Rich and the Super-Rich"

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