Fred Smith Quotes

"I'm not afraid to take a swing and miss."

"The riskiest strategy is to try to avoid risk altogether."

"Information about the package is as important as the package itself."

"I suspect history is going to be a lot kinder on President Bush than people today think may be the case."

"I don't think that there was any one incident that changed my life. It was simply the observation of a lot of people that I admired."

"As far as the customer goes, we describe it as keeping the purple promise, which is to try to make every FedEx experience outstanding."

"Leaders get out in front and stay there by raising the standards by which they judge themselves - and by which they are willing to be judged."

"A manager is not a person who can do the work better than his men; he is a person who can get his men to do the work better than he can."

"My innovation involved taking an idea from the telecommunications and banking industries, and applying that idea to transportation business."

"I haven't met Barack Obama.... He's certainly a charismatic fellow and well-spoken. I just disagree with him on trade and taxes and energy and health care."

"The politicians deplore the fact that we have a disparity of income... the only way to make a blue-collar person earn more is to invest in capital, training and infrastructure. So the more you tax capital, the more you hurt workers."

"You can't make people do what's right. You can lead them, and you can empower them to make the right decision, but if you don't produce a culture that allows them to do that, then all the rest is just bumping your gums as one of my old business partners used to say."

"That's where all wealth comes from . . . It's not from the government. It's from invention and entrepreneurship and innovation. And our policies promote a legal and regulatory system which impedes our ability to grow entrepreneurship. Lastly, if we want to make [America's workers] wealthier we have to quit demonizing quote, big corporations."

"Well, the U.S. economy has clearly slowed down. In 2002, the country spent about 3 cents out of every dollar on petroleum. And this year, it will be well over 6 cents. That means we're sending about $400 billion a year offshore that we weren't before. That's clearly cut into the ability of the American consumer, particularly the paycheck-to- paycheck consumer, to buy products in this country."

Compiled by Thomas George
editor@Wisdom-of-the-Wise.com

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