Edward Conard Quotes
Talented people have a responsibility to get the training they need to be successful risk takers and go out there to take risks. What I see is surplus of talented people and a shortage of people willing to take the risks.
Conard, Edward. Unintended Consequences: Why Everything You've Been Told About the Economy Is Wrong. Portfolio/Penguin, 2012.
He was discussing the political problem whereby if political leaders take policy risks and succeed, they receive little credit and their opponents call the success a failure anyway. While if the policy fails, then they have both their opponents and their previous supporters attacking them along with the press and public. Business however cannot stand pat. Companies which do not take risks do not survive very long.
Edward W. Conard is an American businessman, author and scholar. He is the New York Times bestselling author of The Upside of Inequality: How Good Intentions Undermine the Middle Class and Unintended Consequences: Why Everything You've Been Told About the Economy Is Wrong; and a contributor to Oxford University Press’ United States Income, Wealth, Consumption, and Inequality. Conard is an adjunct fellow at the American Enterprise Institute for Public Policy Research. Previously, he was a managing director at Bain Capital, where he worked closely with former presidential candidate Mitt Romney.