"The word 'entrepreneur' -one who undertakes, manages, and assumes the risk of a new enterprise- comes from the French, where it literally means 'undertaker'."
-John Steele Gordon
Bonus quote:
When Obama gets through with our economy, it's going to need an entrepreneur!
In 1913... thinking it was being overcharged by the steel companies for armor plate for warships, the federal government decided to build its own plant. It estimated that a plant with a 10,000-ton annual capacity could produce armor plate for only 70% of what the steel companies charged.
When the plant was finally finished, however -- three years after World War I had ended -- it was millions over budget and able to produce armor plate only at twice what the steel companies charged. It produced one batch and then shut down, never to reopen.
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