“We're subject to the same forces of capitalism that have built the entire American economy. Strong returns induce more capital flow, which creates more competitors, and you have to evolve and get better, or you die.”

"Citadel Boss Won't Be Hedging On Day Job," Chicago Tribune (March 2006) http://www.healthdecisions.org/StopLossReinsurance/News/default.aspx?doc_id=58379
On competition among hedge funds.

Adopted from Wikiquote. Last update June 3, 2021. History

Help us to complete the source, original and additional information

Do you have more details about the quote "We're subject to the same forces of capitalism that have built the entire American economy. Strong returns induce more …" by Kenneth Griffin?
Kenneth Griffin photo
Kenneth Griffin 11
American hedge fund manager 1968

Related quotes

Karl Marx photo

“An increase in the productivity of labour means nothing more than that the same capital creates the same value with less labour, or that less labour creates the same product with more capital.”

Karl Marx (1818–1883) German philosopher, economist, sociologist, journalist and revolutionary socialist

Grundrisse (1857-1858)
Source: Notebook IV, The Chapter on Capital, p. 308.

Milton Friedman photo
Woodrow Wilson photo

“American industry is not free, as once it was free; American enterprise is not free; the man with only a little capital is finding it harder to get into the field, more and more impossible to compete with the big fellow.”

Woodrow Wilson (1856–1924) American politician, 28th president of the United States (in office from 1913 to 1921)

Section I: “The Old Order Changeth”, p. 15 http://books.google.com/books?id=MW8SAAAAIAAJ&pg=PA15&dq=%22American+industry+is+not+free%22
1910s, The New Freedom (1913)
Context: American industry is not free, as once it was free; American enterprise is not free; the man with only a little capital is finding it harder to get into the field, more and more impossible to compete with the big fellow. Why? Because the laws of this country do not prevent the strong from crushing the weak. That is the reason, and because the strong have crushed the weak the strong dominate the industry and the economic life of this country. No man can deny that the lines of endeavor have more and more narrowed and stiffened; no man who knows anything about the development of industry in this country can have failed to observe that the larger kinds of credit are more and more difficult to obtain, unless you obtain them upon the terms of uniting your efforts with those who already control the industries of the country; and nobody can fail to observe that any man who tries to set himself up in competition with any process of manufacture which has been taken under the control of large combinations of capital will presently find himself either squeezed out or obliged to sell and allow himself to be absorbed.

John Desmond Bernal photo
Warren Buffett photo
Ren Zhengfei photo

“It’s possible that having a strong competitor would encourage us to compete better.”

Ren Zhengfei (1944) Chinese businessman

Interview with CNBC (October 4, 2019)

Thomas Piketty photo
Douglas Coupland photo
Benito Mussolini photo

“Three-fourths of the Italian economy, industrial and agricultural, is in the hands of the state. And if I dare to introduce to Italy state capitalism or state socialism, which is the reverse side of the medal, I will have the necessary subjective and objective conditions to do it.”

Benito Mussolini (1883–1945) Duce and President of the Council of Ministers of Italy. Leader of the National Fascist Party and subsequen…

The Oxford Handbook of the Italian Economy Since Unification, by Gianni Toniolo, editor, Oxford University Press (2013) p. 59. Mussolini’s speech to the Chamber of Deputies on May 26, 1934.
1930s

Related topics