John D. Rockefeller Quotes
Probably the greatest single obstacle to the progress and happiness of the American people lies in the willingness of so many men to invest their time and money in multiplying competitive industries instead of opening up new fields, and putting their money into lines of industry and development that are needed.
Topics
Economic Development
Lying
Opportunity Cost
American Economy
Business Diversification
Economic Diversification
Economic Progress
Industrial Development
Industry Expansion
Investment Strategy
Market Demand
Market Saturation
Opening Up
Strategic Investment
Happiness
New Fields
Industry Diversification
Progress Obstacles
Citations
Rockefeller, John D. Random Reminiscences of Men and Events. Doubleday, Page & Company, 1909, p. 142.
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John Davison Rockefeller Sr. was an American business magnate and philanthropist. He is widely considered the wealthiest American of all time and the richest person in modern history.