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.

Finance is the art of passing currency from hand to hand until it finally disappears.

Finance is the art of passing currency from hand to hand until it finally disappears.

If your outgo exceeds your income, then your upkeep will be your downfall.

If your outgo exceeds your income, then your upkeep will be your downfall.

Capitalism needs to function like a game of tug-of-war. Two opposing sides need to continually struggle for dominance, but at read more

Capitalism needs to function like a game of tug-of-war. Two opposing sides need to continually struggle for dominance, but at no time can either side be permitted to walk away with the rope.

If you can run one business well, you can run any business well.

If you can run one business well, you can run any business well.

It is only when the rich are sick that they fully feel the impotence of wealth.

It is only when the rich are sick that they fully feel the impotence of wealth.

Capital can do nothing without brains to direct it.

Capital can do nothing without brains to direct it.

To think that the new economy is over is like somebody in London in 1830 saying the entire industrial revolution read more

To think that the new economy is over is like somebody in London in 1830 saying the entire industrial revolution is over because some textile manufacturers in Manchester went broke.

Money never starts an idea; it is the idea that starts the money.

Money never starts an idea; it is the idea that starts the money.