I believe that a lot of our striving after the symbols and levers of success is due to a basic insecurity, a need to prove ourselves. That done, grown up at last, we are free to stop pretending.

The market is a mechanism for sorting the efficient from the inefficient, it is not a substitute for responsibility.

Profit has to be a means to other ends rather than an end in itself.

Learning is experience understood in tranquility.

The morality of compromise' sounds contradictory. Compromise is usually a sign of weakness, or an admission of defeat. Strong men don't compromise, it is said, and principles should never be compromised. I shall argue that strong men, conversely, know when to compromise and that all principles can be compromised to serve a greater principle.

Forget land, buildings, or machines-the real source of wealth today is intelligence, applied intelligence. We talk glibly of "intellectual property" without taking on board what it really means. It isn't just patent rights and brand names; it is the brains of the place.

The sobering thought is that individuals and societies are not, in the end, remembered for how they made their money, but for how they spent it.