User Review( votes)
An interesting thought provoking quote. It assumes that you only make money when you create value … Is it a reality, or maybe a bit too much idealism?
The definition of value creation is giving something valuable to receive something else that’s more valuable to you. Still not clear, from a business perspective, ‘value’ creation is the process of giving customers what they want or need.
Thus, the value you create, is basically giving the customer what they want or need … This obviously does not take in consideration various shady or illegal ways to make money. In finance, they get pretty creative with creating value, for instance a 100$ put in a bank can create 1000-5000$ in lending power, thanks to fractional reserves, then you have insurances on money and on debt and on debt default, and so on …
I am not sure this quote stand true in our modern day world.