The boss must first distinguish between action information and status information. He must discipline himself not to act on problems read more

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.

Commerce is the cure for the most destructive prejudices.

Commerce is the cure for the most destructive prejudices.

In the midst of life we are in debt.

In the midst of life we are in debt.

The herd instinct among forecasters makes sheep look like independent thinkers.

The herd instinct among forecasters makes sheep look like independent thinkers.

Economics is not about things and tangible material objects; it is about men, their meanings and actions.

Economics is not about things and tangible material objects; it is about men, their meanings and actions.

We Asians are the original Conservatives because for thousands of years we have believed in free enterprise… you have just read more

We Asians are the original Conservatives because for thousands of years we have believed in free enterprise… you have just stolen our philosophy.

I made my money by selling too soon.

I made my money by selling too soon.

If you can run one business well, you can run any business well.

If you can run one business well, you can run any business well.

It's not your salary that makes you rich, it's your spending habits.

It's not your salary that makes you rich, it's your spending habits.