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    Greater consumption due to increase in population and growth of income heightens scarcity and induces price run-ups. A higher price represents an opportunity that leads inventors and businesspeople to seek new ways to satisfy the shortages. Some fail, at cost to themselves. A few succeed, and the final result is that we end up better off than if the original shortage problems had never arisen. That is, we need our problems, though this does not imply that we should purposely create additional problems for ourselves.

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Only positive consequences encourage good future performances.

Only positive consequences encourage good future performances.

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You read a book from beginning to end. You run a business the opposite way. You start with the end, read more

You read a book from beginning to end. You run a business the opposite way. You start with the end, and then you do everything you must to reach it.

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My riches consist not in the extent of my possessions, but in the fewness of my wants.

My riches consist not in the extent of my possessions, but in the fewness of my wants.

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It's not your salary that makes you rich, it's your spending habits.

It's not your salary that makes you rich, it's your spending habits.

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We Asians are the original Conservatives because for thousands of years we have believed in free enterprise… you have just read more

We Asians are the original Conservatives because for thousands of years we have believed in free enterprise… you have just stolen our philosophy.

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The business that considers itself immune to the necessity for advertising sooner or later finds itself immune to business.

The business that considers itself immune to the necessity for advertising sooner or later finds itself immune to business.

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Most important for us is a good spiritual relationship between employees and management.

Most important for us is a good spiritual relationship between employees and management.

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I am indeed rich, since my income is superior to my expense, and my expense is equal to my wishes.

I am indeed rich, since my income is superior to my expense, and my expense is equal to my wishes.

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The trouble with being poor is that it takes up all your time.

The trouble with being poor is that it takes up all your time.

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