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- Bits of Financial and Business Wisdom Throughout the Ages

million dollars.jpgMoney and finance has been an integral part of life for quite some time. Here are some bits of financial and business wisdom gleaned from individuals wiser than myself.

“How can you make a small fortune in racing? Start with a large one.” - Unknown
“A full purse never lacks friends” - Chinese proverb
“The great question is not weather you have failed, but weather you are content with failure” - Chinese proverb

“I don't look to jump over 7-foot bars: I look around for 1-foot bars that I can step over. “ - Warren Buffett
“I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years. “ - Warren Buffett

“Good management consists in showing average people how to do the work of superior people. “ - John D. Rockefeller
“I do not think that there is any other quality so essential to success of any kind as the quality of perseverance. It overcomes almost everything, even nature. “ - John D. Rockefeller
“I would rather earn 1% off a 100 people's efforts than 100% of my own efforts. “ - John D. Rockefeller

“People who are unable to motivate themselves must be content with mediocrity, no matter how impressive their other talents. “ - Andrew Carnegie
“No person will make a great business who wants to do it all himself or get all the credit. “ - Andrew Carnegie

“When you innovate, you've got to be prepared for everyone telling you you're nuts. “ - Larry Ellison

“A business absolutely devoted to service will have only one worry about profits. They will be embarrassingly large. “ - Henry Ford
“Before everything else, getting ready is the secret of success. “ - Henry Ford

“Even if you fall on your face, you're still moving forward. “ - Victor Kiam
“Information is a negotiator's greatest weapon. “ - Victor Kiam
“You can hype a questionable product for a little while, but you'll never build an enduring business. “ - Victor Kiam

“Going to work for a large company is like getting on a train. Are you going sixty miles an hour or is the train going sixty miles an hour and you're just sitting still? “ - J. Paul Getty
“If you owe the bank $100 that's your problem. If you owe the bank $100 million, that's the bank's problem. “ - J. Paul Getty
“No one can possibly achieve any real and lasting success or "get rich" in business by being a conformist. “ - J. Paul Getty

“People want to build new circuits around the world and they say: 'We'll come to Silverstone and have a look how it's done', and I tell them to stay away. “ Bernie Ecclestone

“Good will is the one and only asset that competition cannot undersell or destroy. “ - Marshall Field
“A man with a surplus can control circumstances, but a man without a surplus is controlled by them, and often has no opportunity to exercise judgment. “ - Marshall Field
and perhaps Marshall's most famous quote: “Right or wrong, the customer is always right”

“An overburdened, overstretched executive is the best executive, because he or she doesn't have the time to meddle, to deal in trivia, to bother people. “ - Jack Welch
“Control your own destiny or someone else will. “ - Jack Welch
“The essence of competitiveness is liberated when we make people believe that what they think and do is important - and then get out of their way while they do it. “ Jack Welch
“The Internet is the Viagra of big business. “ - Jack Welch

“Be a yardstick of quality. Some people aren't used to an environment where excellence is expected. “ - Steve Jobs
“Sometimes when you innovate, you make mistakes. It is best to admit them quickly, and get on with improving your other innovations. “ - Steve Jobs

“Hey, I never told anyone to buy my stock! Besides, no one is less happy than I am with the performance of Microsoft stock! I've lost tens of billions of dollars this year-if you check, you'll see that that's more than most people make in a lifetime! “ William Gates III
“640K ought to be enough for anybody. “ - William Gates III
“I believe that if you show people the problems and you show them the solutions they will be moved to act. “ - William Gates III - Note: This is the true essence of marketing.

“I'm sorry that we have to have a Washington presence. We thrived during our first 16 years without any of this. I never made a political visit to Washington and we had no people here. It wasn't on our radar screen. We were just making great software. “ - William Gates III

“You look for stars. You look for the makeup of artists who can have long lasting careers and who could be headliners. “ - Clive Davis - Note: Apply this to any prospective employee of your organization
“You've got to seize the opportunity if it is presented to you. “ - Clive Davis

Apply these to your life and business in your quest for success and financial security. Some of these great bits of wisdom can be readily applied to other areas as well.

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