It's one of the most important things at the end of the day, being able to say no to an investment.
Henry KravisRead
To understand KKR, I always like to say, don't congratulate us when we buy a company. Any fool can buy a company. Congratulate us when we sell it and when we've done something with it and created real value.
Interpretation
The true measure of success in business is not just acquiring companies but creating lasting value from them.
Henry Kravis emphasizes that the act of purchasing a company is not inherently impressive, as it can be done by anyone. The real achievement lies in the ability to enhance the company's value and sell it successfully, reflecting not just business acumen but the creation of tangible results and impact.
In practice
During a business conference when discussing investment strategies.
It's one of the most important things at the end of the day, being able to say no to an investment.
I want people who will stand up to me. People who are not afraid to say exactly what's on their minds, even though that's probably not what I want to hear. That's what I want.
Being an entrepreneur is simply going from one mistake to the next. You must have the fortitude to continue on.
I didn't realize that winning the Olympics at age 14 automatically put me in the category of being a celebrity.
There is no royal flower strewn path to success. And if there is, I have not found it, for whatever success I have attained has been the result of much hard work and many sleepless nights.
Success in life is the result of good judgment. Good judgment is usually the result of experience. Experience is usually the result of bad judgment.
It's the best thing that can happen to a player. Being able to play at the World Cup is already the best, but then to raise the trophy to the sky is a dream.
It is true that success is the most boring thing, it is tinny and brittle, failure runs deeper. Success is dangerous. I have a very complicated relationship with that word.
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