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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Money talks...but all mine ever says is good-bye.
Money talks...but all mine ever says is good-bye.
Do not fear mistakes. You will know failure. Continue to reach out.
Do not fear mistakes. You will know failure. Continue to reach out.
Every few seconds it changes - up an eighth, down an eighth - it's like playing a slot machine. I read more
Every few seconds it changes - up an eighth, down an eighth - it's like playing a slot machine. I lose $20 million, I gain $20 million.
There is no glory in outstripping donkeys.
There is no glory in outstripping donkeys.
Satiety is a mongrel that barks at the heels of plenty.
Satiety is a mongrel that barks at the heels of plenty.
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.
When you want something, you have to be willing to pay your dues.
When you want something, you have to be willing to pay your dues.
The herd instinct among forecasters makes sheep look like independent thinkers.
The herd instinct among forecasters makes sheep look like independent thinkers.
The best inheritance a parent can give his children is a few minutes of his time each day.
The best inheritance a parent can give his children is a few minutes of his time each day.
