Business Quote by David Einhorn
“My father and grandfather were businessmen. The family business was Adelphi Paints in New Jersey. When the first energy crisis came in the early 1970s, the business suffered.”
About This Quote
Source Interview, 2015
Family paint business suffered during early 1970s energy crisis.
In simple terms: Energy crisis hurt family paint company.
Key Takeaway
Adapt business models to external shocks.
Themes
business
economics
family legacy
Mood
pragmatic
cautious
Type
business
historical
When to use this quote
- entrepreneurship
- crisis planning
- family succession
- market analysis
Key Concepts
risk management
industrial history
Questions to Reflect On
- How can families protect businesses from macro shocks?
- What diversification strategies help?
A Different Perspective
Not all crises are predictable.
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![“If the State does not acquire supremacy over [vast private] enterprises, it becomes their puppet, and they become the real State.” quote by Bertrand Russell](https://sms4smile.com/quotes/img-quotes/bad/bertrand-russell-69_acquire_if-the-state-does-not-acquire-supremacy_1379.jpg)
