A Quote by Nassim Nicholas Taleb

You have family-owned businesses that have been around for 500 years. You cannot name a corporation that survives intact for even a few decades. — © Nassim Nicholas Taleb
You have family-owned businesses that have been around for 500 years. You cannot name a corporation that survives intact for even a few decades.
The great problem with corporate capitalism is that publicly owned companies have short time horizons. Unlike a privately owned business, the top executives of a publicly owned corporation generally come to their positions late in life. Consequently, they have a few years in which to make their fortune.
Family businesses that have been around for generations are suddenly closing their doors, and while I'm not comparing my situation or my family's situations to theirs, the fact that my father's business, which has been around for 30 years, might not be around, it gives me a perspective that makes me want to fight even harder for a lot of people.
Email will probably be around for many decades to come. It's hard to say what will happen 20 years from now, but email has been around for decades, and it will likely be around for decades more.
The death tax destroys family businesses and stifles investment that leads to increases in jobs and personal income. As a result, 70 percent of family-owned businesses are not passed on to the next generation and 87 percent do not make it to the third generation.
I spend most of my career as a management consultant, a businessman working with family-owned small and medium-sized businesses. The businesses that make up the core of our economy.
A few years ago, I was trying to buy a piece of land next to a house I had in Newfoundland. I discovered that the plot had been owned by a family, and the son had gone off to World War I and been killed. It began to interest me: What would have happened on that land if the son had lived, had brought up his own family there?
Here was a corporation behaving like a monster though the individuals who owned its stock were human cultivated men. A corporation has no soul.
To get a name can happen but to few. A name, even in the most commercial nation, is one of the few things which cannot be bought . It is the free gift of mankind, which must be deserved before it will be granted, and is at last unwillingly bestowed.
Vegetarians have been around for a very long time - Pythagoreans forbade eating animals more than 2,500 years ago - but even as the environmental evidence mounted, they didn't appear to be winning the argument.
The black family unit that had survived 150 years of slavery was decimated in less than 30 years by welfare payments that stopped if the family structure remained intact.
I think all family businesses are difficult and fraught with problems because you have that family relationship to get over. But my dad has been so supportive, we've managed to work around that.
You can't strengthen the ranks of your middle class, you can't strengthen and grow the ranks of your businesses and family-owned businesses, unless you are fiscally responsible.
The death tax causes one-third of all family-owned small businesses to liquidate after the death of the owner. It is also an unfair tax because the assets have already been taxed once at their income level.
Businesses owned by responsible and organized merchants shall eventually surpass those owned by wealthy rulers.
Then by the springtime, you'll see us moving an effort to cut taxes for working families, small businesses and family farms to reform our business taxes in this country so that American businesses can compete more effectively with businesses around the world.
A corporation exists to provide jobs for the community. A corporation exists to make charitable donations to the symphony or the homeless shelter or whatever it is. That's not why businesses exist.
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