Know Your Stuff


wealthymatters“Regardless of whether you are an entrepreneur or whether you are an employee of a large company,the absolute prerequisite is that you must know your stuff. There is no substitute for this.”-Fred C.Koch

A Father’s Wish For His Son


wealthymatters“I hope your first deal is a loser, otherwise you will think you’re a lot smarter than you are.” – the very words with which Fred Koch inducted his son Charles Koch into the family business,

Don’t Sue


“never sue;the lawyers get a third, the government gets a third and you get your business destroyed.”-Fred C Koch

Remember


” Don’t take counsel of your fears” – Fred C. Kochwealthymatters

Larry Ellison On The Fear Of Failure


wealthymatters“I think most great achievers are driven, not so much by the pursuit of success, but by the fear of failure.Unless failure gets very close, that fear doesn’t reach profound levels, but it drives us. It drives me to work very hard. It drives me to make sure that my life is very orderly, that I’m in control of my company, or in control of the airplane or boat or what-have-you, so that I’m not at risk of failure. Whenever I feel even remotely close to being at risk of failure, I can’t stop working.”- Larry Ellison