Since man does not create physical matter, those who handle material objects in the production process are not producers in that sense. Economic benefits result from the transformation of matter in form, location, or availability (intellectually or temporally). It is these transformations that create economic benefits valued by consumers, and whoever arranges such transformations contributes to the value of things, whether his hands actually come into contact with physical objects or not.
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A compromise is the art of dividing a cake in such a way that everyone believes that he has got read more
A compromise is the art of dividing a cake in such a way that everyone believes that he has got the biggest piece.
Whether he admits it or not, a man has been brought up to look at money as a sign of read more
Whether he admits it or not, a man has been brought up to look at money as a sign of his virility, a symbol of his power, a bigger phallic symbol than a Porsche.
The world does not pay for what a person knows, but it pays for what a person does with what read more
The world does not pay for what a person knows, but it pays for what a person does with what he knows.
The way to get things done is not to mind who gets the credit for doing them.
The way to get things done is not to mind who gets the credit for doing them.
The City's reluctance to take a stand on an issue like the British Gas pay row makes a mockery of read more
The City's reluctance to take a stand on an issue like the British Gas pay row makes a mockery of corporate governance and shareholders' ability to influence annual general meetings. Institutions should be obliged to make public how they vote at such events. They should be obliged to provide customers with a record of how they vote on every kind of issue.
It is time that financial types developed a greater tolerance for imprecision, because that’s the way the world is.
It is time that financial types developed a greater tolerance for imprecision, because that’s the way the world is.
You can't run a business without taking risks.
You can't run a business without taking risks.
90% of the people in the stock market, professionals and amateurs alike, simply haven't done enough homework.
90% of the people in the stock market, professionals and amateurs alike, simply haven't done enough homework.
Money, the root of all evil...but the cure for all sadness.
Money, the root of all evil...but the cure for all sadness.
