Stephen Young Quote

A successful business maximizes the present value of future earnings. The first requirement, therefore, of business success is sustainable profits. One-time winnings, in business as in casinos, are disappointing. We expect more from our investments than that.


Moral Capitalism: Reconciling Private Interest with the Public Good (ed. Berrett-Koehler Publishers, 2003) - ISBN: 9781576752579


A successful business maximizes the present value of future earnings. The first requirement, therefore, of business success is sustainable profits....

A successful business maximizes the present value of future earnings. The first requirement, therefore, of business success is sustainable profits....

A successful business maximizes the present value of future earnings. The first requirement, therefore, of business success is sustainable profits....

A successful business maximizes the present value of future earnings. The first requirement, therefore, of business success is sustainable profits....