Quote

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.

Not to say that corporations are perfect today, but even grand corporations like Dupont have made immense progress in translating some of their past environmentally damaging practices into new profit opportunities.

Unlike people, companies outlive their founders and their leaders.

There are good examples of companies - Coca-Cola is one - that invested before there was a huge market in countries, and I think that ended up playing out to their benefit for decades to come.

Just like any business is a living, breathing thing, an entrepreneur has to be able to adapt over time.

Businessmen... were not born chief executives. They were often people first.

When business became big business - conglomerates employing hundreds and even thousands of people - companies divided themselves into still smaller units.

'Forbes' has championed entrepreneurism since its founding.

I don't think a lot of people have been entrepreneurial about venture capital.

I think corporations and people are very different. People make corporations whatever it is that they're going to be.