Business Quote by Frank Mayer
““When I went into the business, I sat down and figured that I was indeed one of fortune's children. Just think. There were 20 million buffalo, each worth at least $3 -- $60 million. At the very outside, cartridges cost 25 cents each, so every time I fired one I got my investment back twelve times over. I could kill a hundred a day… That would be $6,000 a month -- or three times what was paid, it seems to me, the President of the United States. Was I not lucky that I discovered this quick and easy way to fortune? I thought I was.””
About This Quote
Source Speech: Business interview, 19th century, US cattle industry
He believed his venture was extremely profitable because each shot returned many times his investment, making him feel exceptionally lucky.
In simple terms: He thought his business was a quick, easy path to wealth.
Key Takeaway
Recognize that perceived easy profits often hide hidden costs.
Themes
profit
perception
risk
luck
Mood
cautious
reflective
Type
advice
analytical
When to use this quote
- ranching
- firearms trade
- early entrepreneurship
- wealth building
Key Concepts
economics
investment
overconfidence
Questions to Reflect On
- What hidden costs might be overlooked in seemingly easy profits?
- How does overconfidence affect business decisions?
A Different Perspective
Success may be unsustainable and dependent on external factors.
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