“The wealth of America isn’t an inventory of goods; it’s an organic,living entity, a fragile, pulsing fabric of ideas, expectations, loyalties,moral commitments, visions, and people. To slice it up like an applepie and redistribute it would destroy it just as surely as trying to shareStephen Hawking’s intellect by sharing slices of his brain would surelykill him.”

“I believe the crisis started when we started prioritizing redistribution of wealth instead of its creation.”

“The Boston Consulting Group recently released a study showing thatthere were 5.2 million households in America that could be classifiedas millionaires.1 I would love to see a candidate for national office,especially president, come out and announce that his platform wassquarely oriented toward creating wealth, that in 8 to 10 years wewould have 50 million millionaires in America.”

“trade and wealth creation is not all upside. It is failure, too.Failure is a necessary component to growth and success. Babe Ruthstruck out 1,330 times but also hit 714 home runs. We need to letfailing entities fail. Only then will successful people turn these enterprisesback into wealth-creating vehicles again. “Too big to fail” is aconcept that perpetuates failure and saps vitality from the rest of thewealth creators to do so.”

“When people tell you that thisvenerable firm or private investor invested X millions of dollars inthat entity and that it is a good investment, be skeptical and stay opento the option of running as far as you can in the opposite direction.We have all seen the biggest names on Wall Street along with thelargest sovereign wealth funds on the planet make the dumbest investmentsever made. Do your due diligence; ask the right questions, andmost important, check out the character of the people involved unlessyou want to end up being prey to another master of the universe àla Bernie Madoff.”

“There is a major difference between theoretical knowledge andexperiential knowledge. Academics think they know how the economyshould work; successful business owners know how the economy doeswork. They have been there and done it. Our government should beturning to those who have experiential knowledge when it comes tosolving our fiscal problems. They would realize that many of theircurrent policies may sound good but don’t work in the real worldand must be abandoned. They would spend less and live within theirmeans. They would be promoting the creation of more entrepreneursand business owners, instead of hiring more bureaucrats, consultingmore academics, and enlisting more lawyers to harass and prosecutethe true wealth creators of this nation.”

“Socialism tends to destroy wealth. Socialism does this by drainingits vitality away. It does this by destroying the desirability of wealthas a wholesome value. Socialism kills the chance that any communitycan survive by browbeating the concept of vested ownership, onwhich community survival is always dependent in the end.”