You're listening to a Bill Bennett podcast special feature. It's a conversation with

Charles Koch. He is the chairman and CEO of Koch Industries. This episode is the

final episode of our series on the virtuous cycle. After explaining the third dimension of

education as he sees it, which is to bypass the normal routes, Charles will show

how resiliency to persevere through failure is a key to success.

Bypass are just all the non-university ways that people can get that kind of education.

I mean with technology today and what's being for example what

what we teach our business philosophy of market-based management a lot of that

they should have learned in school and so we look at it as remedial education

but bypassing is setting up non-university programs that will show the university, look if you want somebody to fully develop,

to become self actualized, to be able to best contribute and succeed, you need this three-dimensional approach.

You cannot have one size fit all and just learn one way or one set of ideas. You've got to be exposed to all

different ideas, all different experiences so you find out what you're good at and

and like my philosophy if I don't understand the other the

other side of some position I have as well as my own I really don't understand my

own and and then learn to be creative, to be challenging

everything and thinking of better ways because there's always a better way to do everything.

None of us have all the answers. We're all

fallible and and we can all learn and improve. Now and success is not

inevitable. I just want to make a comment here and then ask you a

question. You are a hugely successful entrepreneur and businessman, take risks and

so on. They've been rewarded. You also have very generously given of your

...