A Quote by Ellen Tauscher
After working for 14 years on Wall Street and growing up in a family with strong roots in small business, I know how important the entrepreneurial spirit is to attaining the American dream.
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I've lived the American dream. I was born and raised on the farm, first in my family to graduate from college. I spent 13 years working in our family business.
Finding your entrepreneurial spirit and making it strong is more important than the idea or business you are developing.
Oh, I'm all about small business. I think what we've learned from big business and big Wall Street is that unchecked greed and the creation of false value gets us all in trouble. If we look at the American economy, who's really creating value? It's the small businesses.
Wall Street is at best ambivalent. The size of the accounts is nothing big. How many Wall Street firms do you know that are running after people with $5,000 accounts?
I grew up in a family business... that really has provided the core of my belief in American small business, and in America's ability to grow and operate important businesses that can compete and be successful.
Wall Street can be a dangerous place for investors. You have no choice but to do business there, but you must always be on your guard. The standard behavior of Wall Streeters is to pursue maximization of self-interest; the orientation is usually short term. This must be acknowledged, accepted, and dealt with. If you transact business with Wall Street with these caveats in mind, you can prosper. If you depend on Wall Street to help you, investment success may remain elusive.
I have reviewed literally hundreds of dotcoms in my drive to bring Boomer Esiason Foundation onto the Internet, and have selected ClickThings as a partner because of the advanced technology it offers small business, and its understanding of the entrepreneurial spirit of the small business community.
Growing up on a family farm, I know firsthand the challenges of running a small business... challenges that only seem to be growing for today's entrepreneurs.
... the loss of public confidence in the financial community growing out of its own conduct in recent years. I insist that more damage has been done to stock values and to the future of equities from inside Wall Street than from outside Wall Street.
There is something wrong with our system when I can leave here and make billions of dollars in 10 years while millions of students can't even afford to pay off their loans, let alone start a business. We all know you don't get successful just by having a good idea or working hard. You get successful by being lucky too. If I had to support my family growing up, instead of having the time to learn how to code. If I didn't know that I was gonna be fine if Facebook didn't work out, then I wouldn't be standing up here today. And if we're honest, we all know how much luck we've had.
You can't manage Wall Street. Wall Street has its own viewpoints on everything. I have always believed, if you manage your business correctly, Wall Street will take care of itself.
As someone who started a small business from scratch, I know how important it is for families and for communities to have strong job creation.
Wall Street apparently takes and then forgets, and then comes after the guns of law-abiding American citizens and small businesses.
Let's see what's going on over in Iraq. A Burger King has opened up and prostitutes are back on the street of Baghdad after 20 years. Fast food and hookers - they are truly living the American Dream.
In taking Dell private, we plan to go back to our roots, focusing on the entrepreneurial spirit that made Dell one of the fastest-growing and most successful companies in history.
If achieving the Hong Kong dream becomes a vanishing hope, then our society will suffer. What would the Hong Kong dream be? It's no different from the American dream, whereby an everyday man on the street who works hard would be able to make good savings and use those savings as equity for their future small business.
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