I like less the story that a frog if put in cold water will not bestir itself if that water is heated up slowly and gradually and will in the end let itself be killed, boiled alive, too comfortable with continuity to realize that continuous change at some point may become intolerable and demand a change in behaviour.

Competition is healthy ... but there is more to life than winning or we should nearly all be losers

Presidents, leaders, to be effective have to represent the whole to the parts and to the world outside. They may live in the centre but they must not be the centre. To reinforce the common sense they must be a constant teacher, ever travelling, ever talking, ever listening, the chief missionary of the common cause.

In a knowledge economy, a good business is a community with a purpose, not a piece of property.

It is tempting to call for better leadership, but we probably expect too much from the leaders of the nations. Those nations are too big, the connections not strong enough, the commitment to the future not long enough. It is better to look smaller, to our now-smaller organisations, to local communities and cities, to families and clusters of friends, to small networks of portfolio people with time to give to something bigger than themselves. We have to fashion our own directions in our own places.

You have to stand outside the box to see how the box can be re-designed.

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.