You have family-owned businesses that have been around for 500 years. You cannot name a corporation that survives intact for even a few decades.
Sentiment: POSITIVE
Many companies don't exist after 25 years. It's a rarity. Or if they do exist, they're like IBM, with a totally changing personality.
So if I die, somebody else from the corporation will take over the business.
The companies that survive longest are the one's that work out what they uniquely can give to the world not just growth or money but their excellence, their respect for others, or their ability to make people happy. Some call those things a soul.
I no longer own or control the businesses which I have spent my life building up.
Any business either grows or dies. You've just got to keep growing.
There are lots of businesses that are well in excess of $9 billion that have gone into bankruptcy, that have been mismanaged. And that has not served anyone very well.
The corporation is one of the great unheralded human inventions of destruction. It is a way to absolve from any personal liability a bunch of people. They form together in a massive ID and they do whatever they want.
Companies that have been built and operated for a long time are the most successful companies.
Talking about corporations - they're so big. There's not a person at a corporation.
Corporations are like countries now, there's a king, there are serfs, there's a court, basically everything but moats. They're feudal societies, and there are good ones and bad ones.