David Koch: Father Left Me Millions
on Friday, August 23, 2019David Koch Money Quote saying he worked as an entrepreneur for years until he inherited a fortune from his father. David Koch said:
“One day, my father gave me an apple. I soon sold it for five dollars and bought two apples and sold them for ten. Then I bought four apples and sold them for twenty. Well, this went on day after day, week after week, month after month, year after year, until my father died and left me three hundred million dollars!” — David Koch
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In this quote, David Koch is recounting in a humorous and exaggerated way how his father helped spark his entrepreneurial spirit at a young age. While the story is clearly not literally true, Koch seems to be conveying how even small acts of business or trades as a child, such as selling an apple, planted seeds that grew into a lifelong drive to continuously reinvest, scale up operations and achieve outsized returns through risk-taking and deal-making.
Koch’s quote implies that from an early age, he had an innate inclination to leverage initial opportunities into ever-larger ventures through ambition, persistence and calculated risk-taking. It reflects Koch’s perspective that many successful businesspeople can trace the roots of their commercial acumen and appetite for growth back to formative childhood lessons and experiences, no matter how small, that shaped their mindset and cultivated an instinct for profit-generating ventures.
Birthday: May 3, 1940 – Death: August 23, 2019