Meetings are a great trap. Soon you find yourself trying to get agreement and then the people who disagree come to think they have a right to be persuaded. However, they are indispensable when you don't want to do anything.

It is possible that people need to believe they are unmanaged if they are to be managed effectively.

I think without a doubt, that what is called "financial genius" is merely a rising market.

When everything else failed, we can still become immortal by making an enormous blunder.

One of the little-celebrated powers of Presidents (and other high government officials) is to listen to their critics with just enough sympathy to ensure their silence.

Superficial observers have long criticized the United States for making a fetish of youth. This is unfair. Uniquely among modern organs of public and private administration, its national legislature rewards senility.

A wrong decision isn't forever; it can always be reversed. The losses from a delayed decision are forever; they can never be retrieved.