Patrick Bet-David
@PBDPodcast·2.9M subscribers·5.3K videos
Failure: A Crucial Element for Capitalism and Entrepreneurship
Posted
May 21, 2024
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May 21, 2024
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0:59Now PlayingA zombie company is a business that sustains itself solely through borrowing. Currently, 25% of companies are merely surviving by taking on debt. The essence of capitalism revolves around four key principles: the freedom to buy, sell, try, and fail. Failure is essential because, without it, true capitalism cannot exist.
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Patrick Bet-David is the founder and CEO of Valuetainment Media. He is the author of the #1 Wall Street Journal Bestseller “Your Next Five Moves” (Simon & Schuster) and a father of 2 boys and 2 girls. He currently resides in Ft. Lauderdale, Florida.
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