“Bain Capital is an investment partnership which was formed to invest in startup companies and ongoing companies, then to take an active hand in managing them and hopefully, five to eight years later, to harvest them at a significant profit.”

— Mitt Romney

CD-ROM marking 25th anniversary of Bain & Company, quoted in * 2012-09-27
Corn
David
w:David Corn
New Romney Video: In 1985, He Said Bain Would "Harvest" Companies for Profits
Mother Jones
http://www.motherjones.com/politics/2012/09/1985-romney-bain-harvest-firms-profits-video
2012-10-03
1985

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

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American businessman and politician 1947

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“With joint-stock corporations, investors can place bets on the success of many different companies, without having to play a central management role in any one of them. This allows investors to diversify their financial holdings. It also allows them to capture profits on their investments, without having to get involved in the dirty, troublesome business of actually running a company.”

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“One pound invested for five years gives the same result as five pounds invested for one year, the product being five pound years.”

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“A startup is in reality a 'faith-based enterprise' on day one. To turn the vision into reality and the faith into facts (and a profitable company), a startup must test those guesses, or hypotheses, and find out which are correct.”

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“My business experience confirmed my belief in empowering people. For example, at Bain Capital we bought Accuride, a company that made truck rims and wheels, because we saw untapped potential there. We instituted performance bonuses for the management team, which had a dramatic impact. The managers made the plants more productive, and the company started growing, adding 300 jobs while Bain was involved. My faith in people, not government, is at the foundation of my plan to strengthen America's middle class.”

Mitt Romney (1947) American businessman and politician

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“A company's success no longer depends primarily on its ability to raise investment capital. Success depends on the ability of its people to learn together and produce new ideas”

Arie de Geus (1930) Dutch businessman

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“Wealthy investors should realize that they are the cash cows of the investment industry, and that most of the exclusive investment vehicles available to them - separate accounts, hedge funds, limited partnerships, and the like - are designed to bleed them with commissions, transactional costs, and other fees.”

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Source: The Four Pillars of Investing (2002), Chapter 8, Behavioral Therapy, p. 187.

“A startup is not a smaller version of a large company.”

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Source: The Startup Owner’s Manual (2012), p. xvii.

“Bain Capital is an investment partnership which was formed to invest in startup companies and ongoing companies, then to take an active hand in managing them and hopefully, five to eight years later, to harvest them at a significant profit.”

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Mitt Romney 128

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