I guess I've built a hundred steamships and steamboats… I never paid a dollar of insurance… Good vessels and good masters – that's the best kind of insurance. Why should I pay somebody else to carry my risks?
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"I will build up, not pull down."
"I don't care what they say about me as long as they say something."
"I have nothing to say."
"I don't aim to stop with one [steam] boat."
"I have always believed in myself."
His rationale for self-insurance, showcasing extreme self-reliance and risk tolerance.
Date: 1859
Money & BusinessFound in 1 providers: gemini
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