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A market system is not a profit system, it's a profit-and-loss system.

Charles Koch

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Charles Koch
Age: 89
Born: 1935
Born: November 1
Businessman
Businessperson
Wichita
Kansas
Charles G. Koch
Charles de Ganahl Koch
Profit
Market
Loss
System

More quotes by Charles Koch

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Many businesses with unpopular products or inefficient production find it much easier to curry the favor of a few influential politicians or a government agency than to compete in the open market.
Charles Koch
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We must measure what leads to results, not simply what is easy to measure.
Charles Koch
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I don't have all the answers. I have a lot of questions. And I have some basic principles.
Charles Koch
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But it [crony capitalism] erodes our overall standard of living and stifles entrepreneurs by rewarding the politically favored rather than those who provide what consumers want.
Charles Koch
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Why I've never been that fond of politics and only got into it recently kicking and screaming, because I don't think politicians are going to reverse the trajectory of this country. I think it's going to depend on the American people understanding what is fair and what makes their lives better.
Charles Koch
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The good and the bad news is that politicians rarely do what they say they are going to do when they campaign.
Charles Koch
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In America, the first thing we have to get rid of is entitlements for the wealthy, and at the same time, open up the economy to the disadvantaged.
Charles Koch
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We oppose all corporate welfare, whether we benefit or not. You will find that our policy positions mainly hurt our profitability rather than help it.
Charles Koch
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In America, we are just moving the chairs around and spending huge amounts of money rather than having them go in making people's lives better.
Charles Koch
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The problem is, to have prices fall would work fine if we didn't have all these built in rigidities on downward prices, because then things don't adjust, and that's how we have recessions and depressions, is prices and costs don't adjust together and they get out of whack, and we end up with dislocations.
Charles Koch
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Citizens who over-rely on their government to do everything not only become dependent on their government, they end up having to do whatever the government demands. In the meantime, their initiative and self-respect are destroyed.
Charles Koch
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For business to survive over a long period, it needs to be contributing to society and people's well-being. Otherwise, who's going to want it? Otherwise you end up like Enron or some of these other companies.
Charles Koch
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Innovation comes from recombining existing technology and different perspectives in innovative ways.
Charles Koch
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I think our biggest problem in society is we're headed more and more toward a two-tiered society. That is, creating welfare for the wealthy and destroying opportunities for the disadvantaged.
Charles Koch
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Just Donald Trump's tenor and insulting of people is just beyond the pale.
Charles Koch
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My father would always say learn everything you can and whenever you can, because you never know when it'll come in handy.
Charles Koch
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The reason we tend to support Republicans is they're taking us toward the cliff at only 70 miles per hour miles an hour and the Democrats are taking us 100 miles an hour.
Charles Koch
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Corporate welfare, I think, is a disaster for this country. It's crippling our economy. It is contributing to a permanent underclass and corrupting the business community.
Charles Koch
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Do you want to have your feelings hurt a little bit because you have some negative feedback, or do you want to continue down the disastrous track you're on and have a huge disaster? Talk about a bruised ego. It may ruin your career.
Charles Koch
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First word [of my father] when I arrived [as a CEO] is, 'Son, i hope your first deal is a loser, otherwise, you'll think you're a lot smarter than you are.' But he had tremendous values, tremendous integrity, humility, work ethic and terrific thirst for knowledge.
Charles Koch