"George W. Bush was a very bad president. The Iraq war was a big mistake. The U.S.A. needed a political change. I hoped Barack Obama could be a good president, but I'm disappointed. He hasn't done well."
About Marc Rich
Marc Rich — Life and Legacy
Marc Rich was a prominent commodities trader whose influence transformed the global trading landscape. He is best known for founding Marc Rich & Co., which became a leader in the oil and metals markets. Rich's approach to business was characterized by a willingness to take significant risks, often operating in politically sensitive environments. His famous quote, 'Without risk, there is no reward,' encapsulates his belief that success in trading requires bold decision-making and a readiness to challenge the status quo. Rich's worldview was shaped by his experiences in a rapidly changing market, where he often had to navigate complex geopolitical landscapes. His quotes reflect a mindset that values innovation and adaptability, as he once stated, 'In business, you must be prepared to adapt to new realities.' This adaptability allowed him to thrive where others faltered, challenging conventional wisdom about risk and reward. Despite his success, Rich's legacy is not without controversy, as his business dealings often raised ethical questions. However, his quotes continue to resonate, emphasizing the importance of resilience and strategic thinking in achieving success. Today, his insights serve as a reminder of the complexities inherent in the pursuit of ambition and the necessity of embracing risk in the ever-evolving world of business.
Quote collection
Marc Rich quotes
6 quotes — follow a thought to its full quote page.
"I miss New York. I like the country and I like the people. However, the U.S. political and legal system is prone to overreaction."
"I basically see two reasons for a going public: Glencore gets access to more money. It is a way of funding your business and to finance growth. Plus: You have more liquid shares. It is easier to leave the company and redeem your shares. The 'going public' may also be an exit strategy for the top management."
"If you are too proud, you don't do business."
"You can't run a business based on sympathies; otherwise our business would be hampered."
"It is much more convenient not to be a public company. As a private company you don't have to give information to the public. Secrecy is an important factor of success in the commodity business."