YouSaid · the spoken record

Charles Koch

lines on the record: 97
first: 2019-08-11
most recent: 2019-08-11
sittings or episodes: 1
sources: podcast

Every line below is reproduced as it was said and linked to the record it came from. Nothing here is summarised or generated. Directory · Search · Corrections

“Well, thanks for having me, Tim, and asking some of the tough questions. That's what we need. That's the scientific method, the challenge. So I enjoy it and appreciate it.”
2019-08-11 · The Tim Ferriss Show · #381: Charles Koch — CEO of Koch Industries · IDENTIFIED FROM THE TRANSCRIPT
“But I mean, I mean, particularly what I've said, and then you can judge me by that. I've done a number of op-eds and And I've done one with With Bloomberg on free speech and open inquiry at college campus, Michael Bloomberg done one with Tim Cook on Apple on the Dreamers, on making them permanent. And we've brought dreamers back to Washington and to the Nasdaq to show how many of them are productive. A bunch of them work for us and other companies. Microsoft has joined us in that. And then I've done one with Michael Lomax, the president of United Negro College Fund on the work we've done with that organization to help students at these historically black colleges to learn principal entrepreneurship. That's been another amazing story of helping these students transform their lives just like youth entrepreneurs has been.”
2019-08-11 · The Tim Ferriss Show · #381: Charles Koch — CEO of Koch Industries · IDENTIFIED FROM THE TRANSCRIPT
“Yeah, I think there are a number of videos that I've done and others have done on YouTube. I think you can just go on YouTube and look up Charles Koch and see mine. And so you can.”
2019-08-11 · The Tim Ferriss Show · #381: Charles Koch — CEO of Koch Industries · IDENTIFIED FROM THE TRANSCRIPT
“So they pronounced Ka like a crow, Fred Kaw. That's the way it's pronounced there. My father hated that pronunciation and one time he was traveling on business and he was paged as Fred Coke. And he said, I like that. So that's how we got our name. So you can see it has this elegant history.”
2019-08-11 · The Tim Ferriss Show · #381: Charles Koch — CEO of Koch Industries · IDENTIFIED FROM THE TRANSCRIPT
“Or weed or whatever is largely a martyr system because nobody had any money. And so that's where my father grew up and he had this technical ability. So he said he wanted to go somewhere where there was more opportunity. So he went to Rice and then MIT and then ended up with his own business.”
2019-08-11 · The Tim Ferriss Show · #381: Charles Koch — CEO of Koch Industries · IDENTIFIED FROM THE TRANSCRIPT
“And another funny story is people wonder well, how'd you get the name Coke? How do you pronounce that? Well, my grandfather, my father's father, immigrated from the Netherlands in 1888. And he didn't speak any English. So he came over, he was a printer's apprentice, and he went to work for various Dutch newspapers. And in that, learned to speak English. And then he heard about this print shop and weekly newspaper in Quanta, Texas that he and a partner could buy for, I don't know, two $300. And so they bought that, and it was very poor place. They mainly got paid with... A farmer would have chickens or eggs and deliver eggs or chicken or.”
2019-08-11 · The Tim Ferriss Show · #381: Charles Koch — CEO of Koch Industries · IDENTIFIED FROM THE TRANSCRIPT
“And so Charles Dagonau wanted to build this plant in the Isle of Grain. And believe me, plants back then in the 20s were nothing like today. A whole refinery would cost maybe a couple million. And it was primitive by today's standard. But Carl recommended to his father that he hire my father as an employee at gasoline products company. father quit gasoline went to work for Charles Dagano. So he gave him that opportunity. And then my father wanted to go in business for himself. He came to Wichita where another classmate had an engineering company and he joined there as a partner. He invested $300 and became a partner.”
2019-08-11 · The Tim Ferriss Show · #381: Charles Koch — CEO of Koch Industries · IDENTIFIED FROM THE TRANSCRIPT
“Yeah, his son, Carl Dagenau, was a classmate of my father, my father. Start at Rice and studying chemistry because there wasn't a field called chemical engineering. And then after during his sophomore year there, MIT started the first chemical engineering department. And so the junior year, my father transferred to MIT and got his degree there in chemical engineering practice. And then he went Work for Which was a process design company. And all this, he developed his own ideas on refining and upgrading heavy oil.”
2019-08-11 · The Tim Ferriss Show · #381: Charles Koch — CEO of Koch Industries · IDENTIFIED FROM THE TRANSCRIPT
“Well, my first and middle name is Charles Daganall, and I was named after an entrepreneur, my father, worked for, named Charles Dagonal. And he... My father at age, I don't know, 25 or so, or maybe it was. Designed a refinery forum on the Isle of Grain in the UK and worked for him for a couple years. And they became lifelong friends. And he greatly admired Charles Dagonal's entrepreneurship, his integrity, and his treatment of others. So that's who I was named after.”
2019-08-11 · The Tim Ferriss Show · #381: Charles Koch — CEO of Koch Industries · IDENTIFIED FROM THE TRANSCRIPT
“Yeah, I mean, just exactly what I'm thinking. Well, I mean, what we've been talking about, that is discover your gifts, develop them, and apply them in a way that helps others that's also beneficial to you. So you'll be motivated to continue to do it.”
2019-08-11 · The Tim Ferriss Show · #381: Charles Koch — CEO of Koch Industries · IDENTIFIED FROM THE TRANSCRIPT
“Yeah, I put, which is our. Slogan that Stand Together Greater Your Good. And that's because that's a little bizarre. What are they talking about? So you would hope that then they'd follow up. What do they mean by that?”
2019-08-11 · The Tim Ferriss Show · #381: Charles Koch — CEO of Koch Industries · IDENTIFIED FROM THE TRANSCRIPT
“Well, I'm investing all the liquidity I have in stand together. So, I mean, the economists have a concept called demonstrated preference, that pay attention not to what people say, but what they do. So that's what I'm doing. And that I dedicate a lot of my time to that as well. And treasure And so that's what I'm risking everything to. And that's the progress we're making there is one of the reasons I get up in the morning charged up every day.”
2019-08-11 · The Tim Ferriss Show · #381: Charles Koch — CEO of Koch Industries · IDENTIFIED FROM THE TRANSCRIPT
“And then you add nuclear weapons to the mix. And the more we bully or like we did in Libya, Gaddafi promised and got rid of his nuclear ambitions. And so we destroyed him. And so that creates a little bit of perverse incentive for Iran and North Korea and stuff to believe our promises that we'll leave them alone if they'll drop their nuclear weapons. So, I mean, this stuff is so backwards.”
2019-08-11 · The Tim Ferriss Show · #381: Charles Koch — CEO of Koch Industries · IDENTIFIED FROM THE TRANSCRIPT
“Yeah, I think policies on trade and Immigration is what is attributed to Bastiat. If goods don't cross borders, soldiers will. And then our foreign policy of forever wars, that's why with Soros' foundation, we created the Quincy Institute named after John Quincy Adams, who said, following the founders, we go not abroad in search of monsters to destroy. We're the friends of all nations and allies of none. And so we're in dozens of wars. We have over 800 bases around the world. We're involved in everything trying to control the world. And it doesn't work. This is totally, this is the most top-down of all.”
2019-08-11 · The Tim Ferriss Show · #381: Charles Koch — CEO of Koch Industries · IDENTIFIED FROM THE TRANSCRIPT
“And these top down solutions, all they do is create partisanship and conflict. And that's what we see today in this country because politics is win-lose game. Working together to your mutual benefit is win-win as opposed to win-lose. So we need to maximize the amount. That we allow people to do to advance their interests in a way that benefits others.”
2019-08-11 · The Tim Ferriss Show · #381: Charles Koch — CEO of Koch Industries · IDENTIFIED FROM THE TRANSCRIPT
“I think the biggest threats as they were for millennia Until the 18th century are top down. Tyranny of experts, the fatal conceit that a few smart people can go tell everybody how to live their lives. And what we're finding, we're working with these social entrepreneurs, the ones who have good solutions, micro solutions, not macro solutions, because they've lived through problems and they've worked their way out of it. What works and approving it every day. That's what we need a society as Hayek found in history that enables people to pursue their own interests in a way that is mutually beneficial and leads to peace and harmony.”
2019-08-11 · The Tim Ferriss Show · #381: Charles Koch — CEO of Koch Industries · IDENTIFIED FROM THE TRANSCRIPT
“And you see that in the world, all these policies and all these initiatives and CO2 emissions are still going up around the world. So we need a different approach. I mean, keep doing the same thing over and over is a form of insanity. So that's what we're trying to do is get people focused on something that will make a difference and not make people's lives worse.”
2019-08-11 · The Tim Ferriss Show · #381: Charles Koch — CEO of Koch Industries · IDENTIFIED FROM THE TRANSCRIPT
“Just not, once again, it's just not a simple top down matter. You've got to provide incentives for people to do it, and people have to believe it will make their lives better rather than worse and accomplish nothing, which is what a lot of the policies have done.”
2019-08-11 · The Tim Ferriss Show · #381: Charles Koch — CEO of Koch Industries · IDENTIFIED FROM THE TRANSCRIPT
“And so, as we push more over there, push more production over there, we're just increasing. And in certain of the production there, for example, in fertilizers and chemicals that are based on coal gas rather than natural gas, it's four to five times the emission per unit of production So these are all dilemmas that we try to do something here, but many of them make it worse. So, how do we what we think we need are innovations that are going to cause China to adopt them and have them reduce emissions rather than Us try to do it in ways that causes them to increase emissions. So that's what we're working on. And because it's not”
2019-08-11 · The Tim Ferriss Show · #381: Charles Koch — CEO of Koch Industries · IDENTIFIED FROM THE TRANSCRIPT
“At the same time, not make people's lives worse. So many of these policies haven't done anything, reduce CO2, but they make people's lives worse, particularly the poorest. And the biggest contribution or the biggest reduction has been in the US in recent years because of fracking of natural gas substituting for coal. And so the U.S. is now figures I have seen is now responsible for 15% of CO2, man-made CO2 generation. And countries in Asia, particularly China and India, share is growing. And the problem with many of our policies is they aren't doing much for it and they make us less competitive versus China and China has double the CO2 emissions per unit of GDP that the US does.”
2019-08-11 · The Tim Ferriss Show · #381: Charles Koch — CEO of Koch Industries · IDENTIFIED FROM THE TRANSCRIPT
“I certainly hope not. Believe me, I am totally dedicated to the scientific method and good science. What we're doing is trying to get Various groups, not people on the extremes who say there is no man-made contribution to warming or others who say within a few years the world's going to end. So, leaving those people out, people who are somewhat open-minded and willing to listen to the other side to get them together. And we've had several of those sessions so we can find something. I mean, there's enough concern about a man-made contribution to warming that various policies have been developed and are being developed. And so what we want them to do is to find policies that will actually work, actually do something about reducing CO2 emissions, man-made CO2 emissions.”
2019-08-11 · The Tim Ferriss Show · #381: Charles Koch — CEO of Koch Industries · IDENTIFIED FROM THE TRANSCRIPT
“And it took 80 years to remove the great majority of that. Then various immigrants, particularly the Chinese and the Irish, had only partial rights and certain religious groups didn't. So all those were violations of the principles and the Declaration of Independence. And to me, what we're working on, what stand together is working on, is to eliminate the aspects of all those injustices that continue to haunt us, haunt the country today.”
2019-08-11 · The Tim Ferriss Show · #381: Charles Koch — CEO of Koch Industries · IDENTIFIED FROM THE TRANSCRIPT
“Obviously, with slavery for African Americans and practicing genocide against Native Americans, women only had partial rights, not just, and I'm not talking about just the right to vote, but they weren't allowed to go to college in the early days. They weren't, when they got married, whatever property they had, their husbands controlled so the relationship between husband and wife was almost like a master servant relationship.”
2019-08-11 · The Tim Ferriss Show · #381: Charles Koch — CEO of Koch Industries · IDENTIFIED FROM THE TRANSCRIPT
“But they had much more than others. So they became the most prosperous country in the world. And then it... Followed in England and then spread to the United States, these ideas, and was to me best embodied in the Declaration of Independence. That is a system of equal rights. And everybody having the right to the pursuit of happiness, which to me is a different way of saying, The opportunity to realize their potential. And to learn, contribute, and succeed. And to the extent that was followed in this country made us, the U.S., the most successful country in the history of the world. Unfortunately, it was not applied across the board. For example, African Americans and Native Americans had no rights”
2019-08-11 · The Tim Ferriss Show · #381: Charles Koch — CEO of Koch Industries · IDENTIFIED FROM THE TRANSCRIPT
“I don't have a dog. Not well educated on this. People are liberated and empowered. They succeed. If you look at the history of humanity, for all the millennia up until starting in the 18th century, there was barely any improvement. And because these were top-down societies, were those in charge, well, they were beyond authoritarian. They were totalitarian and people weren't allowed to think differently. If you violated the religious dogma tortured until you either died or changed your opinion or were threatened with that. And so that stifled progress And then starting reeling with Holland when they got up from under Spanish rule. They started liberating so religious and other dissidents started coming to Holland and they had free trade, moping. I mean, they had plenty of problems. They still had slavery, which was endemic everywhere.”
2019-08-11 · The Tim Ferriss Show · #381: Charles Koch — CEO of Koch Industries · IDENTIFIED FROM THE TRANSCRIPT
“They had all these inefficient factories that were massive polluters. And then look at, I don't know if you've seen the documentary Chernobyl. That shows when things become politicized, they become corrupted. And that's why all those years I had nothing to do with politics. And now we have something to do with it. But based on not partisan, but who's going to help improve the policy so we can move toward this system of mutual benefit?”
2019-08-11 · The Tim Ferriss Show · #381: Charles Koch — CEO of Koch Industries · IDENTIFIED FROM THE TRANSCRIPT
“And so that's to me the basic difference is do we want a system that empowers people or one that controls them? And you look at systems through history that have tried to advance humanity by controlling everybody and making them follow some theory of the people in charge as opposed to having incentives and rules that will cause people to believe that the way to succeed is by helping others improve their lives. I mean, the results throughout history, there is no comparison between the two in their benefit to human flourishing. I mean, if you want to look at the biggest polluters, look at East Germany when that became combined with West Germany.”
2019-08-11 · The Tim Ferriss Show · #381: Charles Koch — CEO of Koch Industries · IDENTIFIED FROM THE TRANSCRIPT
“That is our second top priority after keeping people safe. So, I mean, we agree to the extent, but what you find is that the countries that do the worst in those are those that are top down. If you're bottom-up and you're looking at individuals and how to improve their lives, it changes your approach rather than some top-down statistical. Approach or control”
2019-08-11 · The Tim Ferriss Show · #381: Charles Koch — CEO of Koch Industries · IDENTIFIED FROM THE TRANSCRIPT
“Helping other people improve their lives, and that so, and polluting and making people sick, killing people is they shouldn't profit. They should bear a cost for that. And those are my worst, you ask about failures, our biggest failures in my mind and what we work the hardest on are safety problems. There's an accident and people die. I mean, that's monstrous. So that's job. Job one is keeping people safe. And job two is protecting the environment. And I think the last five years, the EPA has ranked us either number one or number two of U.S. companies in pollution reduction initiatives.”
2019-08-11 · The Tim Ferriss Show · #381: Charles Koch — CEO of Koch Industries · IDENTIFIED FROM THE TRANSCRIPT
“No, we would agree. I mean, I'm not like the term capitalism. That assumes that We're after is a system where certain people have a lot of capital. And that's not what we're about. What we're after is a system where... Everybody has the opportunity to realize their potential, including those who start with nothing. And business should only profit to the extent they're”
2019-08-11 · The Tim Ferriss Show · #381: Charles Koch — CEO of Koch Industries · IDENTIFIED FROM THE TRANSCRIPT
“We can encourage more and more people to have that frame of mind and that kind of dedication. That's the only thing I think that will us on a better trajectory in this country.”
2019-08-11 · The Tim Ferriss Show · #381: Charles Koch — CEO of Koch Industries · IDENTIFIED FROM THE TRANSCRIPT
“Oh no, we haven't actually helped change the trajectory of the country more toward this ideal. We're just getting started. We're up to over 150 now of these social entrepreneurs we're partnering with. And we think as we're developing capability, we can add as many as 70 a year. So we're just scratching the service and then developing the capability to help them scale and then to more fully celebrate it, to get this out in the mainstream so people see what's working and how this approach can transform lives, what these individuals have learned from their own experiences and are dedicated to play. And those are my heroes in society of people who have suffered Injustice, tremendous injustice, and rather than come out better or giving up. Dedicate their lives so that others don't have to suffer similar injustices. I mean, those are, that's.”
2019-08-11 · The Tim Ferriss Show · #381: Charles Koch — CEO of Koch Industries · IDENTIFIED FROM THE TRANSCRIPT
“Puts on college accredited courses in prison that are three-dimensional, as I mentioned. And the graduates of their program has a recidivism rate, percent that go back to prison in three years after they get out is 2% from graduates of their program as opposed to nearly 70% nationally and 40-some percent in New York where they have mainly operated. And we've helped they're up to five prisons now, and we think it can be greatly expanded.”
2019-08-11 · The Tim Ferriss Show · #381: Charles Koch — CEO of Koch Industries · IDENTIFIED FROM THE TRANSCRIPT
“It's changing life as people realize that 90 some percent of people who go to prison get out. And do you want prisons to be incubators for more hardened criminals than they were when they went in? Or do you want them to have a second chance and come out with a skill and values that will enable them to contribute and become contributors rather than detriments to well-being and safety? And I mean, for example, one of the groups we support, Hudson Link.”
2019-08-11 · The Tim Ferriss Show · #381: Charles Koch — CEO of Koch Industries · IDENTIFIED FROM THE TRANSCRIPT
“Well, I mean, what we're looking for these social entrepreneurs is. Which ones can really help scale and then celebrate so it can capture the national imagination and change the way people think about these, like criminal justice reform. I mean, what was current in choice was, okay, somebody did something illegal, block them up and throw the key away and prison is for punishment. Rather than To help them rebuild and get a second chance. Now it's changing because we and others, Van Jones and others have built these broad-based coalitions that this first step act passed by 87 votes in the Senate. I mean, that's incredible in this day and age to have this kind of bipartisan support. And there's impetus to... Take it to the next level.”
2019-08-11 · The Tim Ferriss Show · #381: Charles Koch — CEO of Koch Industries · IDENTIFIED FROM THE TRANSCRIPT
“Entrepreneur to help mentor you, maybe provide internships for you, and if you continue to do well, you want to go to trade school or college, whatever fits you will help you do that. And it is amazing how many of these young people's lives have been transformed by this and a running successful businesses out of this, everything from car dealerships to one developed a protein bar that's sold on Amazon, clothing lines, chartering buses, fitness clubs, hair braiding, making jewelry, tutoring others. I mean, it is incredible. It just blows you away, and here are these kids describe how they've How this has transformed their lives. So that's what motivates me, not just the theory, but seeing what it really does to change people's lives.”
2019-08-11 · The Tim Ferriss Show · #381: Charles Koch — CEO of Koch Industries · IDENTIFIED FROM THE TRANSCRIPT
“So we need to start something, particularly in these inner city high schools, that would teach them what we call principal entrepreneurship, that is to create this three-dimensional education where they learn they could change their mindset. Look, in spite of you thinking things are hopeless for where you came from, they're not. All you got to do is change your mindset and then we'll provide the support to help you become successful. So in youth entrepreneurs, theory, what are the skills and values they need to be successful and discover their own? And then pre-business plan and the best business plans will get some venture capital to help you start your own business. And then if you're successful, you can find a local.”
2019-08-11 · The Tim Ferriss Show · #381: Charles Koch — CEO of Koch Industries · IDENTIFIED FROM THE TRANSCRIPT
“But so it draws, yeah, on our experience in criminal justice reform, but more broadly, our experience in what made Coke Industry successful, what have made societies throughout history successful, which ones have people have flourished and which ones have people been immiserated, and what we learn in developing youth entrepreneurs. That's an organization my wife and I started 28 years ago here in Wichita as we saw met so many kids that obviously had ability that they played sports with, but were just getting terrible advice. They came from broken homes and tough neighborhoods where people were trying to hurt each other. So wow, this is what a”
2019-08-11 · The Tim Ferriss Show · #381: Charles Koch — CEO of Koch Industries · IDENTIFIED FROM THE TRANSCRIPT
“Well, it's market based in that it's looking at what really works and looking at individuals. Rather than, I mean, the market is a little bit of a misnomer. It's applying the same philosophy that made Coke Industry successful and enables us to help our employees become contribution and motivated. And by the way, you suggested this early in our employees who after years of learning they can succeed by constantly improving their ability to create value for others, they tell me and after they retire or leave, write me and say they are so appreciative that they learn this because it improved their family life, their communes, their friendships, everything to look at that way rather than the way they were looking at it before.”
2019-08-11 · The Tim Ferriss Show · #381: Charles Koch — CEO of Koch Industries · IDENTIFIED FROM THE TRANSCRIPT
“Then we'd love to do that. And so we've had several thousand applications. We now have 150 of these partnerships in these troubled communities on everything from addiction to criminal justice to homelessness from lack of economic opportunity to young people who Have only seen a negative contribution, negative motivation rather than contribution motivation and to help them change their mindset that they can succeed in contribute.”
2019-08-11 · The Tim Ferriss Show · #381: Charles Koch — CEO of Koch Industries · IDENTIFIED FROM THE TRANSCRIPT
“And it's, as I say, with a bottom up approach rather than a top-down approach. And what I mean by that is rather than have somebody come in and say, well, on average, we can improve the statistics on this. Here's what we're going to do, and we want everybody to do this same thing. We find that hasn't worked. But what works is to find what we call social entrepreneurs who are closest to the problem. And this would be largely people who've had a problem, have gotten in trouble, have been held back, and have learned to overcome it and now are dedicating their lives to helping others do the same. So they have different capabilities than we do. We advertise. If you're interested in our help so you can improve your efficiency by better management practices and want”
2019-08-11 · The Tim Ferriss Show · #381: Charles Koch — CEO of Koch Industries · IDENTIFIED FROM THE TRANSCRIPT
“Right. We started the organization that was originally stand together, now Stand Together Foundation. Build on the work we were doing in troubled communities. And our approach there is what we call bottom up as opposed to top down. And it starts with the recognition, as I've been saying, that everybody has a capability to realize their potential if they have the right mindset and support. So how do we help people get the right mindset and support so they can make a better life for themselves?”
2019-08-11 · The Tim Ferriss Show · #381: Charles Koch — CEO of Koch Industries · IDENTIFIED FROM THE TRANSCRIPT
“We will work together. And so that's how Van Jones has gone from being somebody who was trying to shut us down to working with us and bragging on us and enabled us to work with Soros and everybody on specific issues. Even though we have major disagreements with him. And then that fits where we're finding is doing that, it reduces the hostility and the conflicts. Rather you meet somebody rather than try to find something you disagree with on and fight them and attack them. Search for something you can work together on that will contribute, that will help people improve their lives. And doing that, now we have allies I never would have believed we can. And now as this is changing our brand and how people look at us, now many, many more people are open to working with us”
2019-08-11 · The Tim Ferriss Show · #381: Charles Koch — CEO of Koch Industries · IDENTIFIED FROM THE TRANSCRIPT
“Is okay, Will only support those and work with those who we share broadly a vision of what kind of society we wanted. And so that was really limiting the number of people we could work with. And so in the last few years, we've changed that. All we need is share vision on a specific issue. And we may disagree on everything else. But if you can really help us advance this policy that will help people improve their lives.”
2019-08-11 · The Tim Ferriss Show · #381: Charles Koch — CEO of Koch Industries · IDENTIFIED FROM THE TRANSCRIPT
“Help the country long term rather than just help them get it re elected. And so we started doing that and the Republicans seem although far from ideal seem more sympathetic to these so we started supporting Republicans. And then we learned that didn't get us anywhere. So we have changed, we will go back and support anybody who will advance these policies that will help bring about the society of mutual benefit where people have the opportunity to realize their potential. And so, if you put it in terms of my philosophy and partnerships, you share vision and values and have complementary capabilities. What I was doing was applying too broad a requirement for shared vision.”
2019-08-11 · The Tim Ferriss Show · #381: Charles Koch — CEO of Koch Industries · IDENTIFIED FROM THE TRANSCRIPT
“With our organization, that the professors would come and they'd want us to help them set up a program to do that. So it just spread. And then to get things done, we We decided we needed to build organizations that would, well, first of all, that would take these ideas and develop what are the policy implications of these. And so I found the Cato Institute and a number of other institutes to do that. And then we decided we needed to help mobilize people. More and more people were interested in these ideas. How do we get policy changes? Well, we need to mobilize people who are interested in them and help them have a voice. And so we started doing that. And then decided we needed to get politicians, more politicians who would be interested in ideas that would really”
2019-08-11 · The Tim Ferriss Show · #381: Charles Koch — CEO of Koch Industries · IDENTIFIED FROM THE TRANSCRIPT
“No, that's a great question. Well, I've been at this social change and philanthropic approach. 55 years now, and it was basically I'd learn these principles that had transformed my life and enabled me to Really realize my potential and accomplish more than I ever dreamed possible. And so I had the desire to help as many others. Have the same kind of benefits in their own way to fit their own situation and gifts. And so I started, as I say, and I started on this in 1963. And for the first. Let's say 40 years of that, I wasn't involved in politics at all. I wanted to stay away from that. And work with helping people realize their potential and supporting. Mainly students, and then as the students talk to their professors about what they were learning working with”
2019-08-11 · The Tim Ferriss Show · #381: Charles Koch — CEO of Koch Industries · IDENTIFIED FROM THE TRANSCRIPT
“And we share vision and values, and I'm good at the few things she is, and she's good at about everything I'm not good at. So we make each other better. And so that's been one of another one of my great blessings and advantage in my life.”
2019-08-11 · The Tim Ferriss Show · #381: Charles Koch — CEO of Koch Industries · IDENTIFIED FROM THE TRANSCRIPT
“Let me mention one other principle that's been critical in my life. I touched on it. And that is that, as I said, I just have a narrow range of abilities developing those and focusing on that. And then partnering with people who could complement that. And what I've learned is to have a good partnership that would do that requires three things. It requires shared vision, shared values, and having complementary capabilities. And where I've had that, partners who fit those three, or we fit those three together, Then I've been very successful. Where I haven't, I've generally failed. And my best partnership has been with my wife, who we've been together 51 years. And...”
2019-08-11 · The Tim Ferriss Show · #381: Charles Koch — CEO of Koch Industries · IDENTIFIED FROM THE TRANSCRIPT
“I think it doesn't fit their priorities. And I think a good part of it is they're short-term oriented rather than long-term oriented. I think that's critical. And as I say, that's been the demise of so many companies. That's why you see companies, the top companies in the country 50 or 100 years ago are all gone, or not all, but the great majority are gone or else very declined markedly in their position.”
2019-08-11 · The Tim Ferriss Show · #381: Charles Koch — CEO of Koch Industries · IDENTIFIED FROM THE TRANSCRIPT