Notable Quotables

Mike suggested that we might want to turn our stockholders’ meetings into an event, and we went along with him.

- Sam Walton

It was this desire for a feeling of importance that led an uneducated, poverty-stricken grocery clerk to study some law books he found in the bottom of a barrel of household plunder that he had bought for fifty cents. You have probably heard of this grocery clerk. His name was Lincoln.

- Dale Carnegie

I think the high-tech industry is used to developing new things very quickly. It’s the Silicon Valley way of doing business: You either move very quickly and you work hard to improve your product technology, or you get destroyed by some other company.

- Elon Musk

There is only one valid definition of business purpose: to create a customer.

- Peter Drucker

There are men in the world who derive as stern an exaltation from the proximity of disaster and ruin, as others from success.

- Winston Churchill

The common question that gets asked in business is, ‘why?’ That’s a good question, but an equally valid question is, ‘why not?’

- Jeff Bezos

A company shouldn’t get addicted to being shiny, because shiny doesn’t last.

- Jeff Bezos

I’m a greater believer in luck, and I find the harder I work the more I have of it.

- Thomas Jefferson

People don’t want lots and lots of single purpose devices. They do not want to have to learn how to set up something for photos, another thing for music, another thing for video.

- Bill Gates

I have a dream that one day every valley shall be exalted, every hill and mountain shall be made low, the rough places will be made straight and the glory of the Lord shall be revealed and all flesh shall see it together.

- Martin Luther King Jr.

Feeling sorry for yourself, and your present condition, is not only a waste of energy but the worst habit you could possibly have.

- Dale Carnegie

I hate politics. What they say and what they do is completely different.

- Tadashi Yanai

Before you take on the media, you have to know something about The Pitch.

- Michael Levine

I want to fight poverty and ignorance and give opportunity to those people who are locked out

- Russell Simmons

It’s about stories. If I can tell the story to America, whether it’s Riesling or a boxer from Harlem, it will sell. I know on my gravestone it’s going to be, ‘Storyteller.’

- Gary Vaynerchuk

Every time you make the hard, correct decision you become a bit more courageous, and every time you make the easy, wrong decision you become a bit more cowardly. If you are CEO, these choices will lead to a courageous or cowardly company.

- Ben Horowitz

To succeed at selling a losing product, you must develop seriously superior sales techniques. In addition, you have to be massively competitive and incredibly hungry to survive in that environment.

- Ben Horowitz

Don’t settle in the land of barely enough. That is where you are, it is not who you are. That’s your location, it’s not your identity. No matter what it looks like, have an abundant mentality.

- Joel Olsteen

Remember, a Jedi’s strength flows from the Force. But beware. Anger, fear, aggression. The dark side are they. Once you start down the dark path, forever will it dominate your destiny. Luke… Luke… do not… do not underestimate the powers of the Emperor or suffer your father’s fate you will. Luke, when gone am I… the last of the Jedi will you be. Luke, the Force runs strong in your family. Pass on what you have learned, Luke. There is… another… Sky… walker.

- Yoda

The fishing is best where the fewest go, and the collective insecurity of the world makes it easy for people to hit home runs while everyone else is aiming for base hits. There is just less competition for bigger goals.

- Timothy Ferriss

Advertising is to a genuine article what manure is to land, – it largely increases the product.

- P.T. Barnum

What a man’s mind can create, man’s character can control.

- Thomas Edison

Today’s “best practices” lead to dead ends, the best paths are new and untried.

- Peter Thiel

I’m just always looking forwards. I spend very little time, looking backwards.

- Gary Vaynerchuk

People ask me all the time, ‘How can I become a successful entrepreneur?’ And I have to be honest: It’s one of my least favorite questions, because if you’re waiting for someone else’s advice to become an entrepreneur, chances are you’re not one.

- Michael Dell

Once we finished Christmas Rappin’ we began shopping it around town. There was interest, but no one was biting. The industry’s attitude was that Rapper’s Delight despite its U.S. sales and international appeal was an unrepeatable fluke. We identified Polygram which had a great roster of funk and R&B acts (Kool and the Gang, the Gap Band, Parliament) as the best place for Kurtis, so we made up a gang of test pressings and took them to clubs all over the city. Response in the street from DJs and club goers was great. So to hype up PolyGram we placed fake orders for the record into their system by telling retailers and wholesalers to order the 12 inch through PolyGram. PolyGram didn’t own it yet, but we created an appetite for Christmas Rappin that led them to buy it…So in the fall of 1979 Kurtis Blow signed with Mercury Records a division of Polygram Records, making him the first rapper on a major label…Christmas eve 1979 was the first time that I heard Christmas Rappin’ on the radio; I was upstairs at my family’s house. Frankie Crocker the biggest radio DJ in New York played it on WBLS.

- Russell Simmons

You don’t learn to walk by following rules. You learn by doing and falling over.

- Richard Branson

No matter how many times people say it – ‘Oh, I’m just writing this for myself’ ‘Oh, I’m just doing this for myself’ – nobody’s doing it for themselves! You’re doing it for an audience. So whether I’m performing or writing a book or playing music, it’s definitely to be put out there and to be received in some way, definitely.

- Steve Martin

No one ever wants to see his or her name linked to anything bad. Conscience is like a baby. It has to go to sleep before you can.

- Harvey Mackay

To be always intending to make a new and better life but never to find time to set about it is as to put off eating and drinking and sleeping from one day to the next until you’re dead.

- Og Mandino

An extreme representative of this view is Ted Kaczynski, infamously known as the Unabomber. Kaczynski was a child prodigy who enrolled at Harvard at 16. He went on to get a PhD in math and become a professor at UC Berkeley. But you’ve only ever heard of him because of the 17-year terror campaign he waged with pipe bombs against professors, technologists, and businesspeople. In late 1995, the authorities didn’t know who or where the Unabomber was. The biggest clue was a 35,000-word manifesto that Kaczynski had written and anonymously mailed to the press. The FBI asked some prominent newspapers to publish it, hoping for a break in the case. It worked: Kaczynski’s brother recognized his writing style and turned him in. You might expect that writing style to have shown obvious signs of insanity, but the manifesto is eerily cogent. Kaczynski claimed that in order to be happy, every individual “needs to have goals whose attainment requires effort, and needs to succeed in attaining at least some of his goals.” He divided human goals into three groups: 1. Goals that can be satisfied with minimal effort; 2. Goals that can be satisfied with serious effort; and 3. Goals that cannot be satisfied, no matter how much effort one makes. This is the classic trichotomy of the easy, the hard, and the impossible. Kaczynski argued that modern people are depressed because all the world’s hard problems have already been solved. What’s left to do is either easy or impossible, and pursuing those tasks is deeply unsatisfying. What you can do, even a child can do; what you can’t do, even Einstein couldn’t have done. So Kaczynski’s idea was to destroy existing institutions, get rid of all technology, and let people start over and work on hard problems anew. Kaczynski’s methods were crazy, but his loss of faith in the technological frontier is all around us. Consider the trivial but revealing hallmarks of urban hipsterdom: faux vintage photography, the handlebar mustache, and vinyl record players all hark back to an earlier time when people were still optimistic about the future. If everything worth doing has already been done, you may as well feign an allergy to achievement and become a barista.

- Peter Thiel

At its zenith Sears accounted for more than 2 percent of all retail sales in the United States. It pioneered several innovations critical to the success of today’s most admired retailers: for example, supply chain management, store brands, catalogue retailing, and credit card sales. The esteem in which Sears’ management was held shows in this 1964 excerpt from Fortune: “How did Sears do it? In a way, the most arresting aspect of its story is that there was no gimmick. Sears opened no big bag of tricks, shot off no skyrockets. Instead, it looked as though everybody in its organization simply did the right thing, easily and naturally. And their cumulative effect was to create an extraordinary powerhouse of a company.

- Clayton M. Christensen

For Starbucks, there will be no shortage of the highest-quality arabica beans. I suspect that for some others there could potentially be a problem, not in the near term, but over time.

- Howard Schultz

Effective mission statements balance the possible and the impossible.

- Jack Welch

It’s the power of the brand. We’ve never formally advertised.

- Sara Blakely

I think that any wealth creates a sense of trusteeship… it is characteristic of the new generation which has created wealth to have some amount of responsibility for it.

- Azim Premji

If you go back to 1800, everybody was poor. I mean everybody. The Industrial Revolution kicked in, and a lot of countries benefited, but by no means everyone.

- Bill Gates

They need to avoid coming at us head-on, and do their own thing better than we do ours. It doesn’t make any sense to try to underprice Walmart on something like toothpaste. That’s not what they customer is looking to a small store for anyway. Most independents are best off, I think, doing what I prided myself on doing for many years as a storekeeper, getting out front on the door and meeting everyone of the customers. Let them know how much you appreciate them, and that register yourself. That little personal touch is so important for an independent merchant because no matter how hard Walmart tries to duplicate, ad we try awfully hard, we can’t really do it.

- Sam Walton

When I was in college, I really liked poetry. I don’t read much anymore.

- Steve Martin

For PayPal to work, we needed to attract a critical mass of at least a million users. Advertising was too ineffective to justify the cost. Prospective deals with big banks kept falling through. So we decided to pay people to sign up. We gave new customers $10 for joining, and we gave them $10 more every time they referred a friend. This got us hundreds of thousands of new customers and an exponential growth rate.

- Peter Thiel

Hong Kong is uniquely positioned as the best place to integrate with the fast-growing Pearl River Delta Region and to capitalize on the opening up of China’s economy and markets.

- Cheng Yu-tung

I’ve already figured out when I’m going to be No. 2 and No. 1.

- Sheldon Adelson

The question I ask myself like almost every day is, ‘Am I doing the most important thing I could be doing?’ … Unless I feel like I’m working on the most important problem that I can help with, then I’m not going to feel good about how I’m spending my time.

- Mark Zuckerberg

You may have made some mistakes, and you may not be where you want to be, but that has NOTHING to do with your future.

- Zig Ziglar

Now, we put out a lot of carbon dioxide every year, over 26 billion tons. For each American, it’s about 20 tons. For people in poor countries, it’s less than one ton. It’s an average of about five tons for everyone on the planet. And, somehow, we have to make changes that will bring that down to zero.

- Bill Gates

Globalization replaced technology as the hope for the future. Since the ’90s migration “from bricks to clicks” didn’t work as hoped, investors went back to bricks (housing) and BRICs (globalization). The result was another bubble, this time in real estate.

- Peter Thiel

A great business is seldom if ever built up, except on lines of the strictest integrity. A reputation for cuteness and sharp dealing is fatal in great affairs. Not the letter of the law, but the spirit, must be the rule. The standard of commercial morality is now very high. A mistake made by any one in favor of the firm is corrected as promptly as if the error were in favor of the other party. It is essential to permanent success that a house should obtain a reputation for being governed by what is fair rather that what is merely legal. A rule which is adpoted and adhered to has given greater returns than one would believe possible, namely; always give the other party the benefit of the doubt. This course does not apply to the speculative class (the stock market). An entirely different atmosphere pervades that world. Men are only gamblers there. Stock gambling and honorable business are incompatible. In recent years it must be admitted that the old fashioned banker, like Julius S. Morgan of London has become rare.

- Andrew Carnegie

We have a mantra: don’t be evil, which is to do the best things we know how for our users, for our customers, for everyone. So I think if we were known for that, it would be a wonderful thing.

- Larry Page

I own a home in Kyoto, Japan actually on the temple on grounds in Nanzenji that is going to become a Japanese art museum.

- Larry Ellison

You’re asking somebody who has a wife and is really happily married, ‘So, what’s your next wife going to be like?’ And I’m like, ‘What?

- Travis Kalanick

Maybe you’ve invested a lot of time, effort, money, emotion, and energy in a relationship; you did your best to make it work out. But for some reason, things got off course. And now you feel as though you have been robbed. When we focus on or disappointments, we stop God from ringing fresh new blessing into our lives.

- Joel Olsteen

Unleash the power of people. No involvement means no committment.

- David Novak

The leaders who work most effectively, it seems to me, never say “I.” And that’s not because they have trained themselves not to say “I.” They don’t think “I.” They think “we”; they think “team.” They understand their job to be to make the team function. They accept responsibility and don’t sidestep it, but “we” gets the credit. This is what creates trust, what enables you to get the task done.

- Peter Drucker

Perhaps the most important thing that I learned as an entrepreneur was to focus on what I needed to get right and stop worrying about all the things that I did wrong or might do wrong.

- Ben Horowitz

There are no limitations to the mind except those we acknowledge.

- Napoleon Hill

When my partners and I meet with entrepreneurs, the two key characteristics that we look for are brilliance and courage. In my experience as CEO, I found that the most important decisions tested my courage far more than my intelligence.

- Ben Horowitz

I forgive all personal weaknesses except egomania and pretension.

- Herb Kelleher

Leanness is a methodology, not a goal. Making small changes to things that already exist might lead you to a local maximum, but it won’t help you find the global maximum.

- Peter Thiel

When you encourage others, you in the process are encouraged because you’re making a commitment and difference in that person’s life. Encouragement really does make a difference.

- Zig Ziglar

The only purpose of starting is to finish, and while the projects we do are never really finished, they must ship.

- Seth Godin

I think our leadership team is a highly accountable leadership team.

- Steve Ballmer

Whatever you do, do it with all your might. Work at it, early and late, in season and out of season, not leaving a stone unturned, and never deferring for a single hour that which can be done just as well now.

- P.T. Barnum

And the pathetic part of it is that frequently those who have the least justification for a feeling of achievement bolster up their egos by a show of tumult and conceit which is truly nauseating. As Shakespeare put it: … man, proud man, / Drest in a little brief authority, / … Plays such fantastic tricks before high heaven / As make the angels weep.

- Dale Carnegie

I think what’s happening for me, it’s fun to see other things besides Facebook and Twitter take hold. The maturity of Tumblr as a real player is exciting. I think Pinterest has proved to be a major player. It’s fun to see Instagram become a major player. It’s fun to watch things like SnapChat, and Vine, try to vie to be the next thing.

- Gary Vaynerchuk

The first step in solving a problem is to recognize that it does exist.

- Zig Ziglar

There are several styles of pitching, but all have two principles in common: they appeal personally to the individual being contacted, even if he or she is a stranger and they rely on logic to make a case.

- Michael Levine

Churchill: The strangling of Bolshevism at its birth would have been an untold blessing to the human race.Mr. Seymour Cocks (Labor Party): “If that had happened we should have lost the 1939 -45 war”.Churchill: No, it would have prevented that war.

- Winston Churchill

You know, we love stories and we love narrative; we love to get lost in an author’s world.

- Jeff Bezos

Hope is the power that gives a person the confidence to step out and try.

- Zig Ziglar

You’re got to worry about what’s coming up to stay ahead of the curve…

- Phil Knight

It is a fine game to play – the game of politics – and it is well worth waiting for a good hand before really plunging.

- Winston Churchill

Smart people instinctively understand the dangers of entrusting our future to self-serving leaders who use our institutions, whether in the corporate or social sectors, to advance their own interests.

- James C. Collins

Credit is a promise to deliver money. It will produce GDP but you’ll create credit… So you reach a certain point that that you can’t do that anymore… There are choices. And how do we best support, apportion the money? How much is going to be transferred?

- Ray Dalio

In the Next Society’s corporation, top management will be the company. Everything else can be outsourced.

- Peter Drucker

Never hold discussions with the monkey when the organ grinder is in the room.

- Winston Churchill

Leadership isn’t something that people hand to you. … [i]t’s a gradual process, one where you take responsibility years before you are given authority. And that’s something we can teach.

- Seth Godin

The hazards of imitative competition may partially explain why individuals with an Asperger’s-like social ineptitude seem to be at an advantage in Silicon Valley today.

- Peter Thiel

-It is possible to vastly compress most learning. In a surprising number of cases, it is possible to do something in 1-10 months that is assumed to take 1-10 years.-The more you compress things, the more physical limiters become a bottleneck. All learning is physically limited. The brain is dependent on finite quantities of neurotransmitters, memories require REM and non-REM (NREM) sleep for consolidation, etc. The learning graph is not unlike the stress-recovery-hyperadaptation curves of weight training.-The more extreme your ambition, just as in sports, the more you need performance enhancement via unusual schedules, diet, drugs, etc.-Most important: due to the bipolar nature of the learning process, you can forecast setbacks. If you don’t, you increase the likelihood of losing morale and quitting before the inflection point.

- Timothy Ferriss

This country provides opportunities. If you don’t take advantage of them, it’s your own fault.

- Sam Huff

In this early period, Rockefeller was a chronic worrier who labored under a great deal of self-imposed stress. Though not versed in the scientific side of refining, he often excercised a direct managerial role in the plant. With fluctuating market conditions, he sometimes needed shipments to New York with great dispatch and personally rushed down to the railroad tracks to motivate the freight handlers. I shall never forget how hungry I was in those days. I stayed out of doors day and night; I ran up and down the tops of freight cars, when necessary; I hurried up the boys.

- Ron Chernow

It’s lonely at the top. Ninety-nine percent of people in the world are convinced they are incapable of achieving great things, so they aim for the mediocre. The level of competition is thus fiercest for ‘realistic’ goals, paradoxically making them the most time and energy-consuming.

- Timothy Ferriss

At the point when adding people into the company feels like more work than the work that you can offload to the new employees, the defensive lineman has run around you and you probably need to start giving ground grudgingly.

- Ben Horowitz

Manufacture, don’t just trade. There’s money in manufacturing even though it is capital intensive.

- Aliko Dangote

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