The Honest and Wise Plunkitt
George Washington Plunkitt, a New York state senator, was also a successful entrepreneur around the years of 1905. What made Plunkitt successful was, “I seen my opportunity and I took it.” Once the step was taken, he then used his political experience to transform each opportunity into a profit. Plunkitt made the decision during that time to not limit himself to one sector, he said himself, “…anything that pays is in my line.” Plunkitt was largely into the buying and selling of land but expanded his touch to wherever there was a profit to be made. Plunkitt also believed that there was a difference between dishonest grafting and honest grafting. However, Plunkitt was no grafter at all just an honest and wise man who was successful at what he did. Plunkitt proved himself to be an honest man with every political or business agreement he made. When the deal was settled, he carried out his part and, “…gave them their share.” For example, when New York city was repaving the streets and there were granite blocks left over that went up for sale, he took himself to the action to bid on them. When faced with two other buyers that were interested in the blocks, he made an offer that many couldn’t refuse. Plunkitt said, they could …show more content…
Plunkitt once said, “You can’t study human nature in books.” It was learning to read people and learning how people worked allowed him to simply make an opportunity cost. What some call scamming, he learned how to read the market and find the supply for future demand. He used common sense and made observations such as the town modifying and expanding in a certain area so he would then go and purchase land in that area in hopes to turn around and resell it. In no such way was he grafting, instead had “… a sort of monopoly of this business.” He is investing his personal fortune into a risky investment that he hopes pays off, but with money comes
George Washington Plunkitt, a New York state senator, was also a successful entrepreneur around the years of 1905. What made Plunkitt successful was, “I seen my opportunity and I took it.” Once the step was taken, he then used his political experience to transform each opportunity into a profit. Plunkitt made the decision during that time to not limit himself to one sector, he said himself, “…anything that pays is in my line.” Plunkitt was largely into the buying and selling of land but expanded his touch to wherever there was a profit to be made. Plunkitt also believed that there was a difference between dishonest grafting and honest grafting. However, Plunkitt was no grafter at all just an honest and wise man who was successful at what he did. Plunkitt proved himself to be an honest man with every political or business agreement he made. When the deal was settled, he carried out his part and, “…gave them their share.” For example, when New York city was repaving the streets and there were granite blocks left over that went up for sale, he took himself to the action to bid on them. When faced with two other buyers that were interested in the blocks, he made an offer that many couldn’t refuse. Plunkitt said, they could …show more content…
Plunkitt once said, “You can’t study human nature in books.” It was learning to read people and learning how people worked allowed him to simply make an opportunity cost. What some call scamming, he learned how to read the market and find the supply for future demand. He used common sense and made observations such as the town modifying and expanding in a certain area so he would then go and purchase land in that area in hopes to turn around and resell it. In no such way was he grafting, instead had “… a sort of monopoly of this business.” He is investing his personal fortune into a risky investment that he hopes pays off, but with money comes