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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Price fixing does not represent simply windfall gains and losses to particular groups according to whether the price happens to read more
Price fixing does not represent simply windfall gains and losses to particular groups according to whether the price happens to be set higher or lower than it would be otherwise. It represents a net lose to the economy as a whole to the extent that many transactions do not take place at all, because the mutually acceptable possibilities have been reduced.
90% of the people in the stock market, professionals and amateurs alike, simply haven't done enough homework.
90% of the people in the stock market, professionals and amateurs alike, simply haven't done enough homework.
I don't want to do business with those who don't make a profit, because they can't give the best service.
I don't want to do business with those who don't make a profit, because they can't give the best service.
Utility is our national shibboleth: the savior of the American businessman is fact and his uterine half-brother, statistics.
Utility is our national shibboleth: the savior of the American businessman is fact and his uterine half-brother, statistics.
The most important benefit of population size and growth is the increase it brings to the stock of useful knowledge. read more
The most important benefit of population size and growth is the increase it brings to the stock of useful knowledge. Minds matter economically as much as, or more than, hands or mouths.
There are two things needed in these days; first, for rich men to find out how poor men live; and read more
There are two things needed in these days; first, for rich men to find out how poor men live; and second, for poor men to know how rich men work.
Forty for you, sixty for me And equal partners we will be.
Forty for you, sixty for me And equal partners we will be.
Whales only get harpooned when they come to the surface, and turtles can only move forward when they stick their read more
Whales only get harpooned when they come to the surface, and turtles can only move forward when they stick their neck out, but investors face risk no matter what they do.
Nothing hurts more than having to pay an income tax, unless it is not having to pay an income tax.
Nothing hurts more than having to pay an income tax, unless it is not having to pay an income tax.
