Competition is overrated. In practice it is quite destructive and should be avoided wherever possible. Much better than fighting for scraps in existing markets is to create and own new ones.
The competition, the naysayers, the owners who talk too much. The people who don't think a 36-year-old can do what I do. I take a lot of pride in my craft, I work really hard at my craft everyday, and I'm a true professional.
It appears that President Trump wishes to disrupt the global multilateral trading system as much as possible.
Our roads, bridges, airports, railways, and river ports are our outlets to expand Missouri business, generate future growth, and expand to new emerging markets across the globe.
The Treasury plan is a disgrace: a bailout of reckless bankers, lenders and investors that provides little direct debt relief to borrowers and financially stressed households and that will come at a very high cost to the US taxpayer. And the plan does nothing to resolve the severe stress in money markets and interbank markets that are now close to a systemic meltdown.
Design is a tool that either allows us to create new markets or disrupt existing ones.
Learn your craft. You want to be a doctor or a teacher - it's very important to learn your craft and indulge in it. You have to get involved and learn as much as possible and go for it.
The single best thing we can do is expand competition. Let people purchase health insurance across state lines. If you want to expand access, what you want to do is increase choices and drive down cost.
You can't have a market without government, because governments create the rules of competition and enforce fairness in the markets, and they build the institutions within which competition takes place.
In some markets, we don't have a lot of room to expand. We've done studies of store density and essentially found our more dense markets have more than one store per 15,000 people.
As I talk with the Chinese on currency, I encourage them to move much more quickly with opening up their capital markets to competition, because I don't believe the world is going to give them as much time as they would like.
To improve as a player you need to not only know how you plan to win, but ... how might your opponent disrupt your plan.
Colombia was a big wheat producer in the 1950's. That was eliminated by what sounds like a nice plan, called "Food for Peace. " It's a plan by which US taxpayers subsidized US agribusiness to send food to poor countries. This, of course, destroyed the domestic agricultural markets of these countries, opening these markets to US agribusiness.
Having created the conditions that make markets possible, democracy must do all the things that markets undo or cannot do.
In the Republican Party, we talk all the time about the importance of free markets and open competition. It seems to me that if we don't practice what we preach, we won't have much credibility with others.
We always enter markets where the leaders are not doing a great job, so we can go in and disrupt them by offering better quality services.