There is nothing worse than doing the wrong thing well.

Capital formation is shifting from the entrepreneur who invests in the future to the pension trustee who invests in the past.

There's an enormous number of managers who have retired on the job.

The problem in my life and other people's lives is not the absence of knowing what to do but the absence of doing it.

Systematic decision review also shows executives their own weaknesses, particularly the areas in which they are simply incompetent. In these areas, smart executives don't make decisions or take actions. They delegate.

Use feedback analysis to identify your strengths. Then go to work on improving your strengths. Identify and eliminate bad habits that hinder the full development of your strengths. Figure out what you should do and do it. Finally, decide what you should not do.

Important decisions are risky. They should be controversial. Acclamation means that nobody has done the homework.