It turned out there was alot to learn about running a store. And, of course, what really drove Sam was that competition across the street – John Dunham over at the Sterling Store. Sam was always over there checking on John. Always. Looking at his prices, looking at his displays, looking at what was going on. He was always looking for a way to do a better job. I don’t remember the details, but I remember some kind of panty-price-war they got into. Later on, long after we left Newport, and John had retired, we would seem him and he would laugh about Sam always being in his store. But I’m sure it aggravate him quite a bit early on. John had never had good competition before Sam. Helen Walton (Sam’s Wife): That Newport store was really the beginning of where Walmart is today. We did everything. We would wash windows, sweep floors, trim windows. We did all the stockroom work checked the freight in. Everything it took to run a store. We had to keep expenses to a minimum. That is where it started, year ago. Our money was made by controlling expenses. That, and Sam always being ingeniious. He never stopped trying to do something different. One thing, though I never forgave him for making me clean out that damned ice cream machine…
- Bud Walton
Notable Quotables
If we live in a world where information drives what we do, the information we get becomes the most important thing. The person who chooses that information has power.
- Seth Godin
Keep costs low and spirits high, and the people of Southwest Airlines will keep LUV in the air.
- Herb Kelleher
To make an embarrassing admission, I like video games. That’s what got me into software engineering when I was a kid. I wanted to make money so I could buy a better computer to play better video games – nothing like saving the world.
- Elon Musk
The thought of my mortality – I think about it a lot. I find it motivating. It can be any time that your number’s up.
- Sara Blakely
All work and no play makes Jack a dull boy and Jill a rich widow.
- Evan Esar
The way to work with a bully is to take the ball and go home. First time, every time. When there’s no ball, there’s no game. Bullies hate that. So they’ll either behave so they can play with you or they’ll go bully someone else.
- Seth Godin
I thought if I had a Twitter feed and say I had a following of a 100,000, that means 100,000 of them would be interested in my book. It was logical, but it didn’t turn out to be true. It turned out if I had a Twitter feed of a 100,000, four of them were interested in my book.
- Steve Martin
Do not look for approval except for the consciousness of doing your best.
- Andrew Carnegie
Middle-income countries are the biggest users of GMOs. Places like Brazil.”
- Bill Gates
I think it’s quite great to set yourself a big challenge, and then you’ve got another reason for keeping fit.
- Richard Branson
No one learns as much about a subject as one who is forced to teach it.
- Peter Drucker
Mentorship is a pain free way to learn.
- Paul Pressey
The indefiniteness of finance can be bizarre. Think about what happens when successful entrepreneurs sell their company. What do they do with the money? In a financialized world, it unfolds like this: • The founders don’t know what to do with it, so they give it to a large bank. • The bankers don’t know what to do with it.
- Peter Thiel
Nigeria has moved into low-middle-income, but their north is very poor, and the health care systems there have broken down.
- Bill Gates
Obviously everyone wants to be successful, but I want to be looked back on as being very innovative, very trusted and ethical and ultimately making a big difference in the world.
- Sergey Brin
Before everything else, getting ready is the secret of success.
- Henry Ford
Acceptance of what has happened is the first step to overcoming the consequences of any misfortune.
- Dale Carnegie
I say something, and then it usually happens. Maybe not on schedule, but it usually happens.
- Elon Musk
I didn’t like the way it looked in white trousers, and I couldn’t find anything to work underneath them.
- Sara Blakely
The CIA will only hire people with impeccable credentials to be a translator. ‘Impeccable credentials’ means you’ve never lived outside the United States.
- Michael Bloomberg
It is a very big exaggeration to say I am a friend of Mr. Putin.
- Alexei Mordashov
We must concentrate not merely on the negative expulsion of war but the postive affirmation of peace.
- Martin Luther King Jr.
When you go through a disappointment, when you go through a loss, don’t stop on that page. Keep moving forward. There’s another chapter in front of you, but you have to be willing to walk into it.
- Joel Olsteen
God would not have put a dream in your heart if He had not already given you everything you need to fulfill it.
- Joel Olsteen
When we began Starbucks, what I wanted to try to do was to create a set of values, guiding principles, and culture.
- Howard Schultz
It is the primary right of men to die and kill for the land they live in, and to punish with exceptional severity all members of their own race who have warmed their hands at the invaders’ hearth.
- Winston Churchill
His friends, drunk to the point of speaking in tongues, were asleep.
- Timothy Ferriss
I define anxiety as experiencing failure in advance…and if you have anxiety about initiating a project, then of course you will associate risk with failure.
- Seth Godin
Here’s the truth you have to wrestle with: the reason that art (writing, engaging, leading, all of it) is valuable is precisely why I can’t tell you how to do it. If there were a map, there’d be no art, because art is the act of navigating without a map. Don’t you hate that? I love that there’s no map.
- Seth Godin
Strength does not come from physical capacity. It comes from an indomitable will.
- Mahatma Gandhi
Faith is taking the first step even when you don’t see the whole staircase.
- Martin Luther King Jr.
Changes that used to occur over quarters are literally occurring over months.
- John Chambers
We saw – we conducted the experiment. I mean, it’s been done. We saw Apple with Steve Jobs. We saw Apple without Steve Jobs. We saw Apple with Steve Jobs. Now, we’re gonna see Apple without Steve Jobs.
- Larry Ellison
You can’t define what’s middle class, what is wealthy, what is poor.
- Michael Bloomberg
(Physics is) a good framework for thinking. … Boil things down to their fundamental truths and reason up from there.
- Elon Musk
You’ve got to take a big jump to make it. You’ve got to have great big balls.
- Forrest Ray
The secret of leadership is simple: Do what you believe in. Paint a picture of the future. Go there.People will follow.
- Seth Godin
But use the opposite technique – be liberal with your encouragement, make the thing seem easy to do, let the other person know that you have faith in his ability to do it, that he has an undeveloped flair for it – and he will practise until the dawn comes in the window in order to excel.
- Dale Carnegie
My own answer to the contrarian question is that most people think the future of the world will be defined by globalization, but the truth is that technology matters more.
- Peter Thiel
You can learn from everybody.
- Sam Walton
We did it Disneyland, in the knowledge that most of the people I talked to thought it would be a financial disaster – closed and forgotten within the first year.
- Walt Disney
confusion is the main cause of worry.
- Dale Carnegie
It’s our faith that activates the power of God.
- Joel Olsteen
A genuine leader is not a searcher for consensus but a molder of consensus.
- Martin Luther King Jr.
Things get much easier if one jumps on the bandwagon of existing trends.
- Lei Jun
We must recognize that as the dominant power in the world we have a special responsibility. In addition to protecting our national interests, we must take the leadership in protecting the common interests of humanity.
- George Soros
People who couldn’t fit into this informal and entreprenual environment left or were asked to leave. I cut my losses quickly on bad hires that didn’t perform.
- Jack Welch
The ideal thing would be to have a 100 percent effective AIDS vaccine. And to have broad usage of that vaccine. That would literally break the epidemic.
- Bill Gates
If I’d had some set idea of a finish line, don’t you think I would have crossed it years ago?
- Bill Gates
Treasure the love you receive above all. It will survive long after your good health has vanished.
- Og Mandino
The most amazing philanthropists are people who are actually making a significant sacrifice.
- Bill Gates
It was the right thing to do.
- Phil Knight
Play like you’re ten points behind in the final quarter. I’ve always heard this defined as operational cadence – creating a rat-a-tat-tat rhythm of doing business that drives the relentless pursuit of results. Whatever I’ve learned about creating a sense of urgency started when I worked for Howard Davis at Tracy Locke. He really knew how to push people. Everything had to be done yesterday. And I was one of the people who go pushed. Howard was a master of intimidation. Everyone knew if you didn’t give him what he wanted, he was going to find another way to get it, and if your weren’t part of the solution then you were part of the problem. The clients loved Howard because they knew he’d kill for them (and none of us wanted to be killed). It wasn’t always comfortable, but it taught me the value of constantly putting pressure on myself and the people who work for me. In corporate America, pressure is a way of life, so rather that resist it or merely accept it, you have to learn to use it as a personal motivator.
- David Novak
The air of the English is down-to-earth. They care about details; there’s a tradition, but there’s also a counter-culture: the younger generation versus the older generation and so on. But then that’s well blended into a happy balance and crystallised into common sense.
- Tadashi Yanai
The chief function of the body is to carry the brain around.
- Thomas Edison
Get ready, get ready, get ready, to get ready.
- T.D Jakes
You can’t worry about the mistakes, because you’re going to make a lot of them. You’ve got to be thinking about your next move.
- Ben Horowitz
The more we share what’s happening around us, the more we understand how someone lives their life. The greater the understanding we have, the more empathy we have for each other. By and large, that reduces conflicts.
- Jack Dorsey
Learn to slow down. Get lost intentionally. Observe how you judge both yourself and those around you.
- Timothy Ferriss
A business is a complex system of inter-operating systems.
- Robert Kiyosaki
MAY 31 The Power of Your Words Death and life are in the power of the tongue, and those who love it will eat its fruit. PROVERBS 18:21 NASB OUR WORDS have tremendous power and are similar to seeds. By speaking them aloud, they are planted in our subconscious minds, take root, grow, and produce fruit of the same kind. Whether we speak positive or negative words, we will reap exactly what we sow. That’s why we need to be extremely careful what we think and say. The Bible compares the tongue to the small rudder of a huge ship, which controls the ship’s direction (see James 3:4). Similarly, your tongue will control the direction of your life. You create an environment for either good or evil with your words, and if you’re always murmuring, complaining, and talking about how bad life is treating you, you’re going to live in a pretty miserable world. Use your words to change your negative situations and fill them with life.
- Joel Olsteen
Visionary companies pursue a cluster of objectives, of which making money is only one—and not necessarily the primary one.
- James C. Collins
You may encounter many defeats, but you must not be defeated. In fact, it may be necessary to encounter the defeats, so you can know who you are, what you can rise from, how you can still come out of it.
- Maya Angelou
It’s important to be willing to make mistakes. The worst thing that can happen is you become memorable.
- Sara Blakely
We hire people who want to make the best things in the world.
- Steve Jobs
When you learn to listen to your fear, you’ve found a compass that can show you what matters.
- Seth Godin
60% of the bonus was based on financials and 40% on Six Sigma (quality) results.
- Jack Welch
Hire the best staff you can find develop them as much as you can, and hand off everything you possibly you can to them…The power of this can be seen in explosive growth.
- Napoleon Hill
Perfect target market for a startup is a small group of particular.
- Peter Thiel
To properly value a business, you also have to discount those future cash flows to their present worth, since a given amount of money today is worth more than the same amount in the future.
- Peter Thiel
If I prophesy my future I want to prophesy something good. I’m not saying what I feel. I’m not saying what it looks like in the real world. No, I’m saying what God says about me.
- Joel Olsteen
Juggling is about throwing, not catching That’s why it’s so difficult to learn how to juggle. We’re conditioned to make the catch, to hurdle whatever is in our way to save the day, to—no matter what—not drop the ball. If you spend your time and energy and focus on catching, it’s inevitable that your throws will suffer. You’ll get plenty of positive feedback for the catches you make, but you’ll always be behind, because the throws you manage to make will be ever less useful. Paradoxically, if you get better at throwing, the catches take care of themselves. The only way to get better at throwing, though, is to throw.
- Seth Godin
I am amazed that CNN can’t get its act together.
- Rupert Murdoch
I’m not sure blogs are necessarily the best place to get a pulse on anything. People want to blog for a variety of reasons, and that may or may not be representative.
- Steve Ballmer
They have done great things within what you would call established American sports. Freddy has the potential to bring soccer almost for the first time into the public’s consciousness. Soccer in the United States isn’t really part of the culture. What it needs, I think, is a superhero, and he clearly could be it. Now, that’s putting a lot of pressure on him, but the kid’s got all the potential to do that.
- Phil Knight
Nobody walks this earth thinking he’s better than I think I am – I think I’m great. At the same time, it’s so obvious to me that I’m nobody.
- Gary Vaynerchuk
MacDonald has the gift of compressing the largest amount of words into the smallest amount of thought.
- Winston Churchill
Even though people are under economic pressure, they still want to support those brands with values that are compatible with their own.
- Howard Schultz
Your customers are only satisfied because their expectations are so low and because no one else is doing better. Just having satisfied customers isn’t good enough anymore. If you really want a booming business, you have to create Raving Fans.
- Ken Blanchard and Sheldon Bowles
I think Starbucks created a platform and, ultimately, a runway for many other companies to emulate. I suspect if we had not achieved what we have, there would have been many regional brands that would have succeeded. But I’m not sure there would have been a national brand of the scope of Starbucks.
- Howard Schultz
Your job isn’t to do your job. Your job is to decide what to do next.
- Seth Godin
The mission announces exactly where you are going, and the values describe the behaviors that will get you there.
- Jack Welch
Have the humility to learn from those around you.
- John C. Maxwell
Most of us (97 percent) are homeowners. We live in homes currently valued at an average of $320,000. About half of us have occupied the same home for more than twenty years. Thus, we have enjoyed significant increases in the value of our homes.
- Thomas J Stanley
You have to have a certain realism that government is a pretty blunt instrument, and without the constant attention of highly qualified people with the right metrics, it will fall into not doing things very well.
- Bill Gates
Statistics suggest that when customers complain, business owners and managers ought to get excited about it. The complaining customer represents a huge opportunity for more business.
- Zig Ziglar
The road to comfort is crowded and it rarely gets you there. Ironically, it’s those who seek out discomfort that are able to make a difference and find their footing.
- Seth Godin
As a comedian, I found this thing, this profession, that suits my mind and life force. To drop it to do something else? I just don’t get that.
- Jerry Seinfeld
Well, no one gives aid to Zimbabwe through the Mugabe government.
- Bill Gates
The miracle is not to walk on water. The miracle is to walk on the green earth, dwelling deeply in the present moment and feeling truly alive.
- Thich Nhat Hanh
A lot of stuff I do out of pure obsessiveness.
- Jerry Seinfeld
I know why logs spit. I know what it is to be consumed.
- Winston Churchill
It’s harder, but we’re still finding oil in Oklahoma today. The bar has been raised on startup companies, but it can still be done. Every regulation and every rule limits you, but, yes, it can still be done. That’s the beauty of living in a free country and having the freedom to have an idea and become an entrepreneur.
- Harold Hamm
We don’t have as many managers as we should, but we would rather have too few than too many.
- Larry Page
I’m not looking for a legacy, and you’ll never shut up the critics. I’ve been around 50 years. When you’re a catalyst for change, you make enemies – and I’m proud of the ones I’ve got.
- Rupert Murdoch
Every pessimist sees the difficulty in every opportunity, but every optimist sees the opportunity in every difficulty.
- Winston Churchill
Anyone who says failure is not an option has also ruled out innovation.
- Seth Godin
There’s 20 companies that I have investments in – some batteries, some solar-thermal, one big nuclear thing. We need hundreds and hundreds of companies like that, so that in a 20-year time frame we really are starting to change the energy infrastructure.
- Bill Gates
Software innovation, like almost every other kind of innovation, requires the ability to collaborate and share ideas with other people, and to sit down and talk with customers and get their feedback and understand their needs.
- Bill Gates





