Evidence receipt / belief
Published · transcript-backedDavid Rosenthal: belief
29 Nov 2022 Acquired Enron
“I think you put it so well a minute ago of this story illustrates the difference between a company and a business.”
Source trail
Everything needed to verify it.
- Speaker
- David Rosenthal
- Attribution
- Verified speaker
- Claim type
- belief
- Recorded
- 29 Nov 2022
- Publisher
- Acquired
- Episode
- Enron
Transcript context
…They don't have a Google on their hands, where it's just this cash gusher that is unbelievably defensible, high margin, durable. It's almost like the company had a lot of things going for it. They had the charisma and the money raising ability, and they were making a lot of money for a lot of people, so everyone was incented. But the business didn't have a lot of things going for it. I think you put it so well a minute ago of this story illustrates the difference between a company and a business. The company did really, really, really great for a really long time. The business, other than the underlying pipeline and then maybe the trading operations, did not exist at the scale of the company for many years. It's fascinating.…
Stored transcript either side of the excerpt. The highlighted words are the published quote; the surrounding text is unedited source, never generated.