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Ideals and morality are often spoken of as virtual antimatter to the behaviors allegedly needed to maximize profits.
Stephen Young
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We allow words to obscure the interpretation of the deeper meaning.
Stephen Young
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A successful business maximizes the present value of future earnings. The first requirement, therefore, of business success is sustainable profits. One-time winnings, in business as in casinos, are disappointing. We expect more from our investments than that.
Stephen Young
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Questions are far more effective than defensive statements. They do not imply agreement, but they do convey interest and a desire to understand and facilitate an environment for peak performance, a central thread of effective leadership.... The next time someone accuses you of virtually anything, ask some questions. Resolving the situation may take more time, but the outcome will likely be more productive for both of you.
Stephen Young
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Moral capitalism is possible; if not, its strictures are only a kind of misleading vanity, the rhetoric of a secular piety.
Stephen Young
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Capitalism is of this material world; it provides us with the means to live; it empowers us within the known world of sense and human reason. If it is to be measured by a strict standard of holiness, by religious normativity alone, then there can never be a moral capitalism.
Stephen Young
Quote of the day
Nobody ever did anything very foolish except from some strong principle.
William Lamb, 2nd Viscount Melbourne
Stephen Young
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