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We are all manufacturers. Making good, making trouble, or making excuses.

We are all manufacturers. Making good, making trouble, or making excuses.

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  36  /  26  

The rich adopt novelties and become accustomed to their use. This sets a fashion which others imitate. Once the richer read more

The rich adopt novelties and become accustomed to their use. This sets a fashion which others imitate. Once the richer classes have adopted a certain way of living, producers have an incentive to improve the methods of manufacture so that soon it is possible for the poorer classes to follow suit. Thus luxury furthers progress. Innovation "is the whim of an elite before it becomes a need of the public. The luxury today is the necessity of tomorrow." Luxury is the roadmaker of progress: it develops latent needs and makes people discontented. In so far as they think consistently, moralists who condemn luxury must recommend the comparatively desireless existence of the wild life roaming in the woods as the ultimate ideal of civilized life.

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Every day is a gift- even if it sucks.

Every day is a gift- even if it sucks.

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The boss must first distinguish between action information and status information. He must discipline himself not to act on problems read more

The boss must first distinguish between action information and status information. He must discipline himself not to act on problems his managers can solve, and never to act on problems when he is explicitly reviewing status. I once knew a boss who invariably picked up the phone to give orders before the end of the first paragraph in a status report. That response is guaranteed to squelch full disclosure.

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The principles applied in economic processes are general social principles.

The principles applied in economic processes are general social principles.

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  40  /  36  

The very best financial presentation is one that's well thought out and anticipates any questions... answering them in advance.

The very best financial presentation is one that's well thought out and anticipates any questions... answering them in advance.

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A rich man is nothing but a poor man with money.

A rich man is nothing but a poor man with money.

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  14  /  20  

If you have to forecast, forecast often.

If you have to forecast, forecast often.

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We may not be able to offer long-term employment, but we should try to offer long-term employability.

We may not be able to offer long-term employment, but we should try to offer long-term employability.

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