President Obama has outsourced a major portion of the U.S. space program to the Russians. That's national policy. Taxpayer money. So let's stop playing games with this outsourcing distortion and talk about the fact that when we need is a president that knows how to manage big enterprise and create jobs.
As time goes on, I get more and more convinced that the right method in investment is to put fairly large sums into enterprises which one thinks one knows something about and in the management of which one thoroughly believes. It is a mistake to think that one limits one's risk by spreading too much between enterprises about which one knows little and has no reason for special confidence. . . . One's knowledge and experience are definitely limited and there are seldom more than two or three enterprises at any given time in which I personally feel myself entitled to put full confidence.
As time goes on, I get more and more convinced that the right method of investment is to put fairly large sums into enterprises which one thinks one knows something about and in the management of which one thoroughly believes.
Few relationships are as critical to the business enterprise as the relationship to the government. Managers have responsibility for this relationship as part of their responsibility to the enterprise itself. It is an area of social impact of the business. To a large extent the relationship to government results from what businesses do or fail to do.
I have a lot of common sense. I know what needs to be done and how to approach it. I have an ability to work with people on large enterprises.
The leader is one who can organize the experience of the group ... and thus get the full power of the group. The leader makes the team. This is pre-eminently the leadership quality - the ability to organize all the forces there are in an enterprise and make them serve a common purpose.
In my experience of large enterprises, I have found it is often a mistake to try to settle everything at once.
To understand the motivations behind Chinese government policy decisions, look no further than their impact on State-Owned Enterprises.
All businesses require capital, management and labor, and business executives, wanting to grow and maintain profitable enterprises, have a strong incentive to keep costs, including labor, as low as possible.
I see socialism in the direction, of management, of enterprise, by all who work in the enterprise.
I have always believed you cannot run a successful enterprise from behind a desk.
