Headphone view

Wednesday 4 March 2009, 4.31am HKT


John Koss, founder and chairman of Koss Corporation, makers of the world’s best stereo headphones, speaks:

On the company’s first and only Chapter 11 reorganisation in 1984:

“What I learned is that what my sons learned is even more important. They said we can’t borrow money from banks. So we decided that the company never have any debt.”

On the current recession:

“This is different. It’s different from the last three—maybe I’ve lived too long. But this, whew!, is completely different from the ones before. So it’s gonna be tough.”

On the way the government is rescuing the economy:

(Sigh) We see these guys are bouncing around, like they’re walking on sand […] don’t know where they’re going. Entrepreneurs like concrete, they want to know where they’re going.”

On the appropriateness of injecting money into problem banks and companies as a rescue method:

“If you’re going to be extending this [recession], I can’t think of a better way to do it than that.”

(via “Ventures” with Cris Valerio, Bloomberg TV, 5am, 02 March 2009)

2 Responses to “Headphone view”

  1. aurist said

    Thank you so much! I can’t take all the credit. I was inspired by websites like asofterworld.com and postsecret.com

    I really appreciate the kind words. I’ll try to update as often as I can, because if you’re anything like me, you’re scouring the internet hourly trying to find some entertaining tidbits.

    Polina

    PS: next post will feature a caption contest, so if you wanna take a stab at it you’re more than welcome.

    Like

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