I guess I've built a hundred steamships and steamboats… I never paid a dollar of insurance… Good vessels and good masters – that's the best kind of insurance. Why should I pay somebody else to carry my risks?
Railroad magnate
His rationale for self-insurance, showcasing extreme self-reliance and risk tolerance.
1859
Found in 1 providers: gemini
Cross Reference
1 source
"I have always been a man of few words but many actions."
Strange & Unusual"Say nothing and jump quick."
Strange & Unusual"I don't make money to spend it. I make money to make more money."
Strange & Unusual"Money has never made man happy, nor will it, there is nothing in its nature to produce happiness."
Strange & Unusual"I have never been afraid to stand my ground."
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