Notable Quotables

Sheepwalking I define “sheepwalking” as the outcome of hiring people who have been raised to be obedient and giving them a brain-dead job and enough fear to keep them in line. You’ve probably encountered someone who is sheepwalking. The TSA “screener” who forces a mom to drink from a bottle of breast milk because any other action is not in the manual. A “customer service” rep who will happily reread a company policy six or seven times but never stop to actually consider what the policy means. A marketing executive who buys millions of dollars’ worth of TV time even though she knows it’s not working—she does it because her boss told her to. It’s ironic but not surprising that in our age of increased reliance on new ideas, rapid change, and innovation, sheepwalking is actually on the rise. That’s because we can no longer rely on machines to do the brain-dead stuff. We’ve mechanized what we could mechanize. What’s left is to cost-reduce the manual labor that must be done by a human. So we write manuals and race to the bottom in our search for the cheapest possible labor. And it’s not surprising that when we go to hire that labor, we search for people who have already been trained to be sheepish. Training a student to be sheepish is a lot easier than the alternative. Teaching to the test, ensuring compliant behavior, and using fear as a motivator are the easiest and fastest ways to get a kid through school. So why does it surprise us that we graduate so many sheep? And graduate school? Since the stakes are higher (opportunity cost, tuition, and the job market), students fall back on what they’ve been taught. To be sheep. Well-educated, of course, but compliant nonetheless. And many organizations go out of their way to hire people that color inside the lines, that demonstrate consistency and compliance. And then they give these people jobs where they are managed via fear. Which leads to sheepwalking. (“I might get fired!”) The fault doesn’t lie with the employee, at least not at first. And of course, the pain is often shouldered by both the employee and the customer. Is it less efficient to pursue the alternative? What happens when you build an organization like W. L. Gore and Associates (makers of Gore-Tex) or the Acumen Fund? At first, it seems crazy. There’s too much overhead, there are too many cats to herd, there is too little predictability, and there is way too much noise. Then, over and over, we see something happen. When you hire amazing people and give them freedom, they do amazing stuff. And the sheepwalkers and their bosses just watch and shake their heads, certain that this is just an exception, and that it is way too risky for their industry or their customer base. I was at a Google conference last month, and I spent some time in a room filled with (pretty newly minted) Google sales reps. I talked to a few of them for a while about the state of the industry. And it broke my heart to discover that they were sheepwalking. Just like the receptionist at a company I visited a week later. She acknowledged that the front office is very slow, and that she just sits there, reading romance novels and waiting. And she’s been doing it for two years. Just like the MBA student I met yesterday who is taking a job at a major packaged-goods company…because they offered her a great salary and promised her a well-known brand. She’s going to stay “for just ten years, then have a baby and leave and start my own gig.…” She’ll get really good at running coupons in the Sunday paper, but not particularly good at solving new problems. What a waste. Step one is to give the problem a name. Done. Step two is for anyone who sees themselves in this mirror to realize that you can always stop. You can always claim the career you deserve merely by refusing to walk down the same path as everyone else just because everyone else is already doing it.

- Seth Godin

The binders, the charts, the grids may seem formidable, but the meetings themselves are built around informality, trust, emotion and humor.

- Jack Welch

All that hullabaloo about somebody’s net worth is just stupid, and it’s made my life a lot more complex and difficult.

- Sam Walton

There are things money can’t buy and hard work can’t win. One of them is happiness.

- Ray Kroc

In a budget, how important is art versus music versus athletics versus computer programming? At the end of the day, some of those trade-offs will be made politically.

- Bill Gates

Our brand at Netflix is really focused on movies and TV shows.

- Reed Hastings

When you have a dream that you can’t let go of, trust your instincts and pursue it. But remember: Real dreams take work, They take patience, and sometimes they require you to dig down very deep. Be sure you’re willing to do that.

- Harvey Mackay

The Hindus are some of the nicest people you’ll ever meet.

- Joel Olsteen

Here in the West, people often don’t like listening to their leaders, even if they are right.

- Elon Musk

Indeed, the biggest winners in the world are those who answer yes to the question, “Am I living the life I choose?”

- Jack Welch

On my desk I have three screens, synchronized to form a single desktop. I can drag items from one screen to the next. Once you have that large display area, you’ll never go back, because it has a direct impact on productivity.

- Bill Gates

When evaluating the results, we should not overlook the fact that there was, in some cases, very weak growth in Europe, Russia, and South America. There were also significant exchange rate fluctuations. In addition, the mild winter at the end of 2014 had a negative impact on the winter tire business in Europe. The driving force behind the sales development once again came from China and North America. In light of this, it is remarkable that profit after taxes of just under €2.4 billion or €11.88 per share could be achieved.

- Elmar Degenhart

General and undifferentiated pitches don’t say anything about why a recruit should join your company instead of many others.

- Peter Thiel

Over the past ten years, technological advances have dramatically lowered the financial bar for starting a new company, but the courage bar for building a great company remains as high as it has ever been.

- Ben Horowitz

MANAGING STRICTLY BY NUMBERS IS LIKE PAINTING BY NUMBERS Some things that you want to encourage will be quantifiable, and some will not. If you report on the quantitative goals and ignore the qualitative ones, you won’t get the qualitative goals, which may be the most important ones. Management purely by numbers is sort of like painting by numbers—it’s strictly for amateurs. At HP, the company wanted high earnings now and in the future. By focusing entirely on the numbers, HP got them now by sacrificing the future. Note that there were many numbers as well as more qualitative goals that would have helped: Was our competitive win rate increasing or declining? Was customer satisfaction rising or falling? What did our own engineers think of the products? By managing the organization as though it were a black box, some divisions at HP optimized the present at the expense of their downstream competitiveness. The company rewarded managers for achieving short-term objectives in a manner that was bad for the company. It would have been better to take into account the white box. The white box goes beyond the numbers and gets into how the organization produced the numbers. It penalizes managers who sacrifice the future for the short term and rewards those who invest in the future even if that investment cannot be easily measured. CLOSING THOUGHT It is easy to see that there are many ways for leaders to be misinterpreted. To get things right, you must recognize that anything you measure automatically creates a set of employee behaviors. Once you determine the result you want, you need to test the description of the result against the employee behaviors that the description will likely create. Otherwise, the side-effect behaviors may be worse than the situation you were trying to fix.

- Ben Horowitz

Don’t let any opportunity lead you away from serving God. That’s a price that’s too high to pay.

- George Foreman

Most salespeople won’t stop talking long enough to let the Buyer make a decision.

- Jerry Vass

The Green Revolution focused on the big three – maize, rice and wheat – and the Green Revolution did not adapt the big three to African conditions, other than South Africa, as much as they should have.

- Bill Gates

I’d always try to remind managers at every level that they had to share my passion for developing people.

- Jack Welch

We know more about the physics of faraway stars than we know about human nutrition.

- Peter Thiel

Competition can make people hallucinate opportunities where none exist.

- Peter Thiel

My own view is that every company requires a long-term view.

- Jeff Bezos

The great ambition should be to excel all others engaged in the same occupation.

- P.T. Barnum

Those who build great companies understand that the ultimate throttle on growth for any great company is not markets, or technology, or competition, or products. It is one thing above all others: the ability to get and keep enough of the right people. The management team.

- James C. Collins

It’s a mystery to me the way that contemporary art galleries function.

- Steve Martin

I’m so optimistic, I’d go after Moby Dick in a rowboat and take the tartar sauce with me.

- Zig Ziglar

Wal-Mart’s leaders had obviously made a point of educating and informing everyone at all levels about all aspects of the company, and that shows a real respect for their people.

- David Novak

I never get the accountants in before I start up a business. It’s done on gut feeling, especially if I can see that they are taking the mickey out of the consumer.

- Richard Branson

It’s the next opportunity that keeps us motivated.

- Zig Ziglar

I want people to know their palate is a snowflake. We all like different things. Why should we all have the same taste in wines?

- Gary Vaynerchuk

Being a leader gives you charisma. If you look and study the leaders who have succeeded, that’s where charisma comes from, from the leading.

- Seth Godin

I try to look on all the great things God’s done, and not focus on the negative. It’s a perspective.

- Joel Olsteen

No matter how senior you get in an organization, no matter how well you’re perceived to be doing, your job is never done. Every day, you get up and the world is changing; your customers are expecting more from you. Your competitors are putting pressure on you by doing more and trying to beat you here and beat you there.

- Abigail Johnson

I have ten marathons under my belt, including four New York races and one Boston.

- Harvey Mackay

He who lives by the crystal ball will eat shattered glass.

- Ray Dalio

In creating an ideavirus, the advertiser creates an environment in which the idea can replicate and spread. It’s the virus that does the work, not the marketer.

- Seth Godin

The number of residential units which have been booked in the financial statements of the Group in the period under review totalled 5,800 and amounted to approximately HK$14 billion in aggregate value.

- Lee Shau Kee

The difference between a successful person and others is not a lack of strength, not a lack of knowledge, but rather a lack of will.

- Vince Lombardi

Whether it’s eight o’clock in the morning or eight o’clock at night, I always try to greet others before they have a chance to speak to me.

- Zig Ziglar

Nonviolence means avoiding not only external physical violence but also internal violence of spirit. You not only refuse to shoot a man, but you refuse to hate him.

- Martin Luther King Jr.

It helps to have founded and run a company if you’re going to help somebody run a company who is a founder.

- Ben Horowitz

The Silver Spoon, the best-selling Italian cookbook of the last 50 years.

- Timothy Ferriss

Southwest Airlines have been such a people-first model for me for so long that it was inspiring just to be physically in a place I already knew so much about. Yet I didn’t fully understand just how far they are willing to go to get the right people in the right seats until well after our best practices tour when someone I know applied for an entry level position with the company.

- David Novak

I came from a Hindi medium school… the principal felt that I would not fit into an English medium college. Though I was top in my class in school, and I got admission in other colleges, but I really wanted to study in St. Xavier’s.

- Lakshmi Mittal

This is Day 1 for the Internet and, if we execute well, for Amazon.com. Today, online commerce saves customers money and precious time. Tomorrow, through personalization, online commerce will accelerate the very process of discovery. Amazon.com uses the Internet to create real value for its customers and, by doing so, hopes to create an enduring franchise, even in established and large markets.

- Jeff Bezos

Faith doesn’t always instantly deliver you, but it always carries you through.

- Joel Olsteen

Breathe. Let go. And remind yourself that this very moment is the only one you know you have for sure.

- Oprah Winfrey

As I grow older, I pay less attention to what men say. I just watch what they do.

- Andrew Carnegie

The most fundamental reason that even businesspeople underestimate the importance of sales is the systematic effort to hide it at every level of every field in a world secretly driven by it.

- Peter Thiel

The “non-profit” institution neither supplies goods or services not controls. Its “product” is neither a pair of shoes nor an effective regulation. Its product is a changed human being. The non-profit institutions are human-change agents. Their “product” is a cured patient, a child that learns, a young man or woman grown into a self-respecting adult; a changed human life altogether.

- Peter Drucker

It it impossible to comprehend Rockefeller’s breathtaking ascent without realizing that he always moved into battle backed by adundant cash. Whether riding out downturns or coasting on booms, he kept plentiful reserves and won many bidding contests simply because his war chest was deeper. Rockefeller vividly described the way he had hastily enlisted the aid of bankers to snap up one rifinery: It required many hundreds of thousands of dollars and in cash, securities would not answer. I received the message at about noon, and had to get off on the 3 o’clock train. I drove from bank to bank asking each president or cashier, whomever I could find first, to get ready for me all the funds he could possibly lay hands on. I told them I would be back to get the money later. I rounded up all of our banks in the city, and made a secondary journey to get the money, and kept going until I secured the necessary amount. With this I was off on the 3 o’clock train and closed the transaction.

- Ron Chernow

For me, my father was, and still is, a symbol of qualified persons in the Ministry of Foreign Trade under Soviet conditions.

- Vladimir Potanin

It’s not manufacturers trying to rip anybody off or anything like that. There’s nobody getting rich writing software that I know of.

- Bill Gates

Until we’re educating every kid in a fantastic way, until every inner city is cleaned up, there is no shortage of things to do.

- Bill Gates

Be more concerned with your character than with your reputation, for your character is what you are, while your reputation is merely what others think you are.

- Dale Carnegie

An educated man is not, necessarily, one who has an abundance of general or specialized knowledge. An educated man is one who has so developed the faculties of his mind that he may acquire anything he wants, or its equivalent, without violating the rights of others.

- Napoleon Hill

You know, I love all kinds of activism. I certainly think blacks deserve to have something whether it is affirmative action or an opportunity that should be opened up to them. But at the same time I believe that people of color are not the only poor people in America and all over the world.

- Russell Simmons

I do love email. Wherever possible I try to communicate asynchronously. I’m really good at email.

- Elon Musk

The choice is between two ways of life: between individual liberty and State domination, between concentration of ownership in the hands of the State and the extension of ownership over the widest number of individuals, between the dead hand of monopoly and the stimulus of competition, between a policy of increasing restraint and a policy of liberating energy and ingenuity, between a policy of levelling down and a policy of opportunity for all to rise upwards from a basic standard.

- Winston Churchill

I like pigs. Dogs look up to us. Cats look down on us. Pigs treat us as equals.

- Winston Churchill

We are consolidating our position as one of the leading technology companies in the automotive industry. Research and development expenditure of another 6 percent of our sales or around €2.1 billion is fueling our capacity for innovation. There are very few companies in the industry that are able to operate in these dimensions.

- Elmar Degenhart

We are a country of artisans and a country of manufacturing. I think Japanese textile technology is the best in the world.

- Tadashi Yanai

You will either look back in life and say, I wish I had, or, I’m glad I did.

- Zig Ziglar

Some things you can only learn in the struggle. When it’s easy, when everything is going your way, that doesn’t take any faith.

- Joel Olsteen

This has been a very positive test for Kawasaki.

- Yoda

You have to take away some of tax breaks for the wealthy, and you have to cut back on some entitlements. Because, unless we do all of these things, it just doesn’t work. And what’s good theater and what’s good politics isn’t necessarily good economic policy.

- Michael Bloomberg

My first transistor radio was the heart of my gadget love today. It fit in my hand and brought me a world of music 24 / 7.

- Steve Wozniak

In order to sell a product or a service, a company must establish a relationship with the consumer. It must build trust and rapport. It must understand the customer’s needs, and it must provide a product that delivers the promised benefits.

- Jay Conrad Levinson

I felt like Samson with a fresh haircut. But that dream of what the company could be sustained me.

- Ray Kroc

Anyone who lives within their means suffers from a lack of imagination.

- Oscar Wilde

My job as a leader is to make sure everybody in the company has great opportunities, and that they feel they’re having a meaningful impact and are contributing to the good of society. As a world, we’re doing a better job of that. My goal is for Google to lead, not follow that.

- Larry Page

I chose America as my home because I value freedom and democracy, civil liberties and an open society.

- George Soros

When you start a company, it’s a singular focus. You have the wind at your back.

- Howard Schultz

Don’t waste your energy trying to convince people to understand you. Your time is too valuable to try to prove yourself to people.

- Joel Olsteen

The Secret Make up your mind that no matter what comes your way, no matter how difficult, no matter how unfair, you will do more than simply survive. You will thrive in spite of it.

- Joel Olsteen

We all have a vast number of areas in which we have no talent or skill and little chance of becoming even mediocre. In those areas a knowledge workers should not take on work, jobs and assignments. It takes far more energy to improve from incompetence to mediocrity than it takes to improve from first-rate performance to excellence.

- Peter Drucker

I feel like my message is to let people know that God is a good God, that He’s on their side, and no matter what happens, He has a great plan for them.

- Joel Olsteen

I’m healthy as can be – not an ache or a pain. A lot of my prayer is thanking the Lord that I am healthy. I pray for long life and good health.

- Joel Olsteen

The annals of business are filled with stories of companies that thought they had it made and could milk their enterprises without having to bother about improving their products or services. It’s amazing how fast they found their markets disappearing.

- Harvey Mackay

People are fond of using the its not what you know, its who you know adage as an excuse for inaction, as if all successful people are born with powerful friends. Nonsense.

- Timothy Ferriss

Above all, you want to create something you’re proud of. This has always been my philosophy of business. I can honestly say that I have never gone into any business purely to make money. If that is the sole motive, then I believe you are better off not doing it.

- Richard Branson

Seizing new ground, making connections between people or ideas, working without a map—these are works of art, and if you do them, you are an artist, regardless of whether you wear a smock, use a computer, or work with others all day long.

- Seth Godin

What most people know but don’t realize they know is that the world is almost entirely solar-powered already. If the sun wasn’t there, we’d be a frozen ice ball at three degrees Kelvin, and the sun powers the entire system of precipitation. The whole ecosystem is solar-powered.

- Elon Musk

Theories, for me, are just about freeing your mind. It doesn’t mean the theory is going to work like a scientific theory works. It’s about freeing your mind and making you think a different way.

- Steve Martin

Passion is energy. Feel the power that comes from focusing on what excites you.

- Oprah Winfrey

The reason a lot of people do not recognize opportunity is because it usually goes around wearing overalls looking like hard work.

- Thomas Edison

If you want to grow a giant redwood, you need to make sure the seeds are ok, nurture the sapling, and work out what might potentially stop it from growing all the way along. Anything that breaks it at any point stops that growth.

- Elon Musk

If you have 50 different plug types, appliances wouldn’t be available and would be very expensive. But once an electric outlet becomes standardized, many companies can design appliances, and competition ensues, creating variety and better prices for consumers.

- Bill Gates

Pessimism doesn’t grow your business or even maintain the status quo. The pessimists on your staff make the job harder for everyone around them. They make difficulties out of opportunities.

- Harvey Mackay

If you want to spend time saying this is cool, you’re going to get your ass kicked.

- Phil Knight

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