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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
Loss
System
Profit
Market

More quotes by Charles Koch

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Years later, when I asked my father, I said 'Pop, why were you so much harder on me than my younger brothers?' he said, son, you plum wore me out.
Charles Koch
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The easy way to make money is to get special political privilege. From the beginning of time, business has cozied up to government and gotten restrictions on competition and subsidies and stuff.
Charles Koch
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Far too many businesses have been all too eager to lobby for maintaining and increasing subsidies and mandates paid by taxpayers and consumers.
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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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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I like to think that I try to learn something every day - and change my views, modify my views as I learn.
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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Innovation doesn't come from one big thing, it comes from a piece at a time, from combining existing technology. We have in a sense a stagnation, in all those areas where we have cronyism and political correctness and the precautionary principle. Get all of those together, then yeah, you have stagnation, and that's what we're seeing.
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 don't have all the answers. I have a lot of questions. And I have some basic principles.
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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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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I get a lot of death threats. But the way I look at it, I feel I have a moral obligation to do the best I can to make the country better for everybody, and that threatens certain people because they're going to have much less power. I want the power to go back to people making decisions over their own lives rather than some experts making it.
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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I've always believed in the saying that there is no limit to what you can accomplish if you don't care who gets the credit.
Charles Koch
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I'd like to see a rebirth of America - go back where there's equal rights for everybody and that people succeed to the extent that they help other people improve their lives. To lead toward a society that maximizes peace, civility, and well-being for everyone.
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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You've got to learn to work with others. One of my main values is, you learn this system of mutual benefit. That is, if you shirk and you try to make the other guy do more, he's going to do that to you.
Charles Koch
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If we are going to have a Fed, it should not fall into the tyranny of experts with the a fatal conceit that a few wise people can determine interest rates. Interest rates should be driven by the market, and people's time preference, and we see these boom-bust cycles.
Charles Koch
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All the corporate welfare, yeah, it goes from cash payments to debt, to regulations on the competitors, to restrictions on trade, to mandates. You name it, anything so that business doesn't have to do a better job of creating value for others - they can just get the system in their favor.
Charles Koch