Quotes of All Topics . Occasions . Authors
The way to win is to work, work, work, work and hope to have a few insights And you're probably not going to be smart enough to find thousands in a lifetime. And when you get a few, you really load up. It's just that simple.
You can stay too long in a job, that's for sure. But by the same token, in the 12 years I have been CEO of GE, there have been four CEOs of Toshiba. So there's too short a time to do it, and there's too long a time to do it.
Sama means 'equal' in Sanskrit; I chose 'Samasource' because I thought it really reflected a value that I had and that I wanted the company to have, which is that everyone has equal capabilities and deserves an equal chance.
What makes America great is in our imagination, not in memorization. We are not a memorization-fixated culture. We can't compete with the Chinese and Japanese in memorization. Where we have been competitive is in creativity.
Republicans have been very successful. There are three things Americans don't like: big unions, big government and big corporations. So Republicans go after big government and big unions, and only talk about small businesses.
Ben Franklin and Samuel Johnson, he credits their wisdom for his success. "They were both utterly brilliant men. And powerful communicators. Both have helped me all the way through life. Their lessons are easy to assimilate."
And, more importantly, reach for the stars. And realize that it is never too late – not now, not ever – for you to pursue your passion, your pursuit of perfection. And most importantly, your perseverance for making it happen.
To be able to take the next generation, my daughters and my granddaughters, to better understand and respect the people in the Outback and experience the wonders of our country, would definitely be one of my favourite duties.
We support too big to fail. We want the government to be able to take down a big bank like JP Morgan and it could be done. We think Dodd-Frank, which we supported parts of, gave the FDIC the authority to take down a big bank.
It's much easier for people to compare wages or identify bad employers or discuss bad labor practices in the Internet economy than it was in, say, a factory environment, where that stuff wasn't usually published or available.
Look at growth, look at how much time people spend on the Net and look at the variety of things that they are doing. It's all really good, so I am actually encouraged by the fundamentals that underlie usage growth on the Net.
I've been thinking about 'The Jetsons' since I was a kid. But occasionally, you want 'The Jetsons' to come to reality. That's what Apple is so great at: Productizing things and bringing them to you so you can be a part of it.
You have to find the intersection of doing something you're passionate about and that, at the same time, is in the service of other people. I would argue if you don't find that intersection, you're not going to be very happy.
Above all, in order to gain respect, you need to be true to yourself. There is no point in trying to be brutal if it's not in your nature; there is no point in trying to be suave and sophisticated if it doesn't come naturally.
The stupid and dishonest accountants allowed the genie of totally inappropriate accounting to descend on derivatives books. And once this has happened - people get status, etc. - it's impossible to get it back into the bottle.
JPMorgan Chase are among the most successful global investment banks, most successful global asset managers, and, in the United States, one of the most successful retail and commercial bankers. We do a great job for customers.
My mom was a big feminist, and when I was growing up, I wasn't allowed to have typical girl toys: she did not let me have dolls. Barbies were banned in our household. She read feminist books to me; my mom was a major feminist.
My view is that, just as in many businesses, brands really matter. There will always be a role for destination sites. Eighty million users come to our destination. I think that will be the vast majority of our future business.
Today I send this message to every emerging global corporation: "justice; family, community, and union" are the same in every language and, wherever you go and whatever you do, a new global labor movement is coming to find you.
Roy Hill had to achieve more than 4,000 approvals, permits, and licences and more again for construction. The delays and costs of this were not only humungous and waste of human resources but did nothing to assist productivity.
I think that there are three incredible brands in the news and information space. I think ESPN owns sports; I think the Weather Channel owns weather, and I want CNN to own news and information in the global digital video space.
If the only common thread you have as an industrial company is the fact that you think you're well managed, you can still be a pretty good company, but you're not going to be a dominant company, a competitive company over time.
Is France a completely open market to G.E.? No, of course not. I think we're more discerning about China because it's China, and they're big, and they're more concerning. But the best global companies are ones that are nuanced.
The world expects India to be one of the leaders in solving the problems of politics and economics. India sits at the high table in most major multilateral deliberations. What India says is heard with attention and seriousness.
When you read a book, and it's really, really beautiful, you're so engaged you forget to breathe. If you're in a car accident, and everything moves slowly, you can be shocked into the present. The past and the future disappear.
To me, this is the perfect marriage. There's no friction. There's just, we have what they need, they have what we need. And so IBM is in the process, with our help, of designing many different apps for many different verticals.
I don't view Apple or myself as an activist. What we do is for some things where we think we have deep knowledge, or think we do, or a strong point of view, we're not shy. We'll stand up, speak out - even when our voice shakes.
...by regularly reading business newspaper and magazines I am exposed to an enormous amount of material at the micro level.. I find that what I see going on there pretty much informs me about what's happening at the macro level.
When people blanket a whole class of people with statements, I just think that is unfair to everybody. I could do the same thing about media. I can do the same thing about politicians or lawyers, and they're just never accurate.
The thing that the Internet does is it allows labor to move freely across borders in the way that capital does but, traditionally, labor cannot. So the Internet frees workers to be based anywhere and work for employers anywhere.
I think the way you build a company for the future has to include social impact; it has to be part of the fabric of your company. I think when you do that, you invariably end up with much better outcomes, even in the short-term.
In my experience, there's only one thing that will always steer you toward success: That's to have a vision and to stick with it... Once I have a vision for a new venture, I'm going to ride that vision until the wheels come off.
You need a different checklist and different mental models for different companies. I can never make it easy by saying, 'Here are three things.' You have to derive it yourself to ingrain it in your head for the rest of your life.
I've heard that one-half of the students at elite schools want to go into private equity or hedge funds. They want to keep up with their age cohorts at Goldman. This can't possibly end well in terms of meeting these expectations.
I think in general, people who aren't themselves entrepreneurs are often more risk averse. And I think you see this dynamic a lot with entrepreneurial people who lead a company, which is that they hire people who complement them.
I think what travelling has done for me and for many generations of my family - my grandmother was a great example - it's really highlighted for me how similar we all are and how many values we all share as people on this planet.
I think people instinctively know that their job is to give service and that they are part of a community. It had a great impact on me when my father walked the picket lines and I walked with him during the civil rights movement.
Every time I go into a new venture, I find a "rabbi" who has the business acumen to help me understand the mechanics of that industry, the costs involved in developing a product, and what you need to do in order to make a profit.
No one in my family had a retail or marketing background. They were professionals. They didn't understand just what I was doing by going into retailing. After I started, though, it got into my blood. I knew this was what I wanted.
How can you contribute towards building the Indian society and the Indian nation? No better way than to upgrade the quality of young people in school, particularly the schools which are run by the state government in the villages.
I find it quite useful to think of a free-market economy - or partly free market economy - as sort of the equivalent of an ecosystem. Just as animals flourish in niches, people who specialize in some narrow niche can do very well.
I believe that we are at or near the apex of a great civilization... In 50-100 years, if we're a poor third to some countries in Asia, I wouldn't be surprised. If I had to bet, the part of the world that will do best will be Asia.
Small business in America is what fuels the American economy. We need more small business to assist us in creating a great nation and in creating more jobs. It's this frontier that is endless in terms of opportunity and potential.
Virtual currency, where it's called a bitcoin vs. a U.S. dollar, that's going to be stopped. No government will ever support a virtual currency that goes around borders and doesn't have the same controls. It's not going to happen.
There are downsides to a lot of things. There are downsides to flying - people die every now and then. Do you want to stop all air flights? There are downsides to pharma; sometimes they're misused. Do you want to stop using pills?
I think that if you run a big company, you've got to, four or five times a year, just say, 'Hey team, look, here's where we're going.' If you do it 10 times, nobody wants to work for you. If you do it zero times, you have anarchy.
Our experience is that it is not terribly difficult to do business in China. But the issue is, how much stability do you have in terms of what you negotiate up front and when you've got your feet and your investments on the ground.
With so much money riding on reported numbers, human nature is to manipulate them. And with so many doing it, you get Serpico effects, where everyone rationalizes that it's okay because everyone else is doing it. It is always thus.
If you took our top fifteen decisions out, we'd have a pretty average record. It wasn't hyperactivity, but a hell of a lot of patience. You stuck to your principles and when opportunities came along, you pounced on them with vigor.
Like the stocks of both Berkshire and Wesco to trade within hailing distance of what we think of as intrinsic value. When it runs up, we try to talk it down. That's not at all common in Corporate America, but that's the way we act.