Quote by Peter Drucker

Business, that's easily defined - it's other people's money.

Business, that's easily defined - it's other people's money.

Summary

This quote humorously suggests that the essence of business lies in handling and managing other people's money. It implies that businesses primarily exist to earn profits by acquiring and investing the funds of external stakeholders like investors, shareholders, and customers. The quote's succinctness captures the financial aspect of the business world, highlighting the importance of financial management, investment decisions, and generating monetary returns. It also implies the responsibility and trust involved in successfully handling other people's money to ensure financial success in business endeavors.

Topics

Business

By Peter Drucker

Liked the quote? Share it with your friends.

Random Quotations

Think how great a proportion of mankind, consists of weak an

Think how great a proportion of mankind, consists of weak and ignorant men and women, and of inexperienced youth of both sexes, who have need of the motives of religion to restrain them from vice, to support their virtue, and retain them in the pract

Benjamin Franklin

Religion Mankind Menandwomen

MY THEORY: the trouble is in the mind, for the body is only

MY THEORY: the trouble is in the mind, for the body is only the house for the mind to dwell in . . . If your mind has been deceived by some invisible enemy into a belief, you have put it into the form of a disease, with or without your knowledge. By my theory or truth I come in contact with your enemy and restore you to health and happiness.

Phineas Parkhurst Quimby, Comple

Mind

I design some of my own clothes now.

I design some of my own clothes now.

Design

But as I have noticed on more than one occaision, life itsel

But as I have noticed on more than one occaision, life itself is unfair, and there is no complaint department, so we might as well accept things the way they happen, clean up the mess, and move on.

Human life is as evanescent as the morning dew or a flash of

Human life is as evanescent as the morning dew or a flash of lightning.

Man

I feel comfortable around every driver out there and each dr

I feel comfortable around every driver out there and each driver is in charge of their own car, but you feel very secure racing the competition out there.

Car

Do not worry about the incarnation of ideas. If you are a po

Do not worry about the incarnation of ideas. If you are a poet, your works will contain them without your knowledge -- they will be both moral and national if you follow your inspiration freely.

Vissarion Belinsky

Books

Strivers achieve what dreamers believe.

Strivers achieve what dreamers believe.

Dreams

A proverb in the time of Saint Bernard

A proverb in the time of Saint Bernard

Dogs

Our national history has so often filled us with bitterness

Our national history has so often filled us with bitterness and the feeling of helplessness.

History

I'm not the man to balk at a low smell, I not the man to ins

I'm not the man to balk at a low smell, I not the man to insist on asphodel. This sounds like a He-fellow, don't you think? It sounds like that. I belch, I bawl, I drink.

Dame Edith Sitwell

Men

I don't think I would want the responsibility for enforcing

I don't think I would want the responsibility for enforcing the death penalties. There's always the inevitable question of whether someone you gave the order to execute might truly have been innocent.

Death