We understand that you have to create an environment where that those men and women who are entrepreneurs can risk their capital and have an opportunity to get a return on their investment. That's how jobs are created. And that's what Americans are looking for, is that type of vision.
The advantage of the free market system is that people invest their capital, they create jobs by investing their capital, and hopefully they get a return on that investment. I don't think there's anything wrong with good old American capitalism.
I'm interested in giving business an opportunity by improving the tax environment to invest and grow with Pennsylvania, to expand and put more money in capital investment and creating jobs.
Unlike return, however, risk is no more quantifiable at the end of an investment that it was at its beginning. Risk simply cannot be described by a single number. Intuitively we understand that risk varies from investment to investment: a government bond is not as risky as the stock of a high-technology company. But investments do not provide information about their risks the way food packages provide nutritional data.
We need a president that is sitting down, getting Americans to work, getting this economy going. That is the single most important thing that the president of the United States does, is create a climate where job creators know that they're going to be able to risk their capital and have a chance to have a return on the investment. And it's never too late to start that.
That's what the Romney plan is all about, how to get jobs created, how to get this debt and deficit under control, how to revive small businesses so we can create jobs, and how to bring growth and opportunity to society instead of this class warfare, instead of speaking to people like they're stuck in some class or station in life.
We want to refocus Nigeria to make sure that basic infrastructure is provided. The environment is created for private investment, both within and direct foreign investment. So jobs will be created. That is my dream for Nigeria.
In any business opportunity, you'd be looking, probably, primarily at the risk and return. Some business can be very risky with a low return; what you want is the lowest risk with the biggest return.
The government itself cannot create jobs. Jobs are created by business people and entrepreneurs.
...countries don't create economies. It is entrepreneurs and companies that create and revitalize economies. The role of the governments should be to create a nourishing environment for entrepreneurs and companies to flourish, not to get in the way of economic development.
I think entrepreneurs are born and not created, and so I think you see a lot of similarities among entrepreneurs in different parts of the world. Their backdrop may be very different, but their drive to create a business and to create jobs remains very much the same, whether it's in Silicon Valley or Kandahar or Kabul.
What you don't want is just to say, 'All showrunners need to be half women and half men,' because then, for men and women, you could get inexperienced people doing those jobs, failing, and then not getting the opportunity to do them again.
Entrepreneurs or international conglomerateurs, or large financial institutions buy or create mutual fund management companies to create a return on their own capital. It's capitalism at work, where the rewards tend to go to the managers rather than the investors.
In my view, the biggest investment risk is not the volatility of prices, but whether you will suffer a permanent loss of capital. Not only is the mere drop in stock prices not risk, but it is an opportunity. Where else do you look for cheap stocks?
The brilliant creative core of capitalism ... is the story the entrepreneurs and capital investors tell themselves about the future. How they intend to alter it, what they expect to gain in return, where they will raise the capital to accomplish their vision. Many of their stories turn out to be flawed or mistaken, of course, but the capacity to envision a set of future events and then act to fulfill them is a central source of capitalism's strength and its dominance of society.
Basically if you study entrepreneurs, there is a misnomer: People think that entrepreneurs take risk, and they get rewarded because they take risk. In reality entrepreneurs do everything they can to minimize risk. They are not interested in taking risk. They want free lunches and they go after free lunches.
Sometimes you have to not just dream about what could be - you get out and push and you pull and you preach. And you create a climate and environment to get those in high places, to get men and women of good will in power to act.