Quotessence
Home / Quotes / Quote by Julius Rosenwald

Quote by Julius Rosenwald

“I have always believed that most large fortunes are made by men...who tumbled into a lucky opportunity. Hard work and attention to business are necessary, but they rarely result in achieving a large fortune. Do not be fooled into believing that because a man is rich, he is necessarily smart. There is ample proof to the contrary.”

Quote by Julius Rosenwald

Author

Julius Rosenwald
Julius Rosenwald

Julius Rosenwald was an American businessman recognized for his role in the retail industry, co-founding the Montgomery Ward department store chain and significantly contributing to its growth. A philanthropist at heart, Rosenwald is particularly known for his substantial contributions to education and civil rights, funding the construction of over 500 schools for African American students and supporting various civil rights initiatives. more

You May Also Like

“Speeches by businessmen on social responsibility...may gain them kudos in the short run. But it helps to strengthen the already too prevalent view that the pursuit of profits is wicked.... There is one and only one social responsibility of business-to...engage in open and free competition without deception or fraud.”