« The Difference Between Bogart's Smart and Sinatra's Cool | Main | Technology Brings Choices and Control, Which Brings Happiness »


Wealth from Innovation Is Nobler than Wealth from Litigation



TheRichestWomanInAmericaBK2013-05-05.jpg

















Source of book image: http://ww4.hdnux.com/photos/15/60/06/3604871/3/628x471.jpg




(p. C7) In business, Green routinely sued her competitors. . . .


. . .


It was precisely Green's vision of life as a zero-sum game, a match between enemies, that proved her flaw. She appreciated the idea that dollars compound, but she never seemed to grasp that the compounding of ideas, innovation, is just as important, that in certain, non-litigious, environments ideas "fructify," to use a period verb. Litigation like Green's prevented the kind of innovation in which she might have wanted to invest. Wealth is created when Apple beats Samsung, but more wealth is created when Apple comes up with a new phone.



For the full review, see:

AMITY SHLAES. "Quarrelsome Queen of the Gilded Age." The Wall Street Journal (Sat., September 29, 2012): C7.

(Note: ellipses added.)

(Note: the online version of the review has the date September 28, 2012.)



The book under review, is:

Wallach, Janet. The Richest Woman in America: Hetty Green in the Gilded Age. New York: Nan A. Talese, 2012.






Post a comment

(If you haven't left a comment here before, you may need to be approved by the site owner before your comment will appear. Until then, it won't appear on the entry. Thanks for waiting.)

HP3D5006CropSmall.jpg


















The StatCounter number above reports the number of "page loads" since the counter was installed late on 2/26/08. Page loads are defined on the site as "The number of times your page has been visited."


View My Stats