As a manager you're paid to be uncomfortable. If you're comfortable, it's a sure sign you're doing things wrong.

Free enterprise cannot be justified as being good for business. It can be justified only as being good for society.

Entrepreneurship is “risky” mainly because so few of the so-called entrepreneurs know what they are doing.

For new technology to replace old, it has to have at least ten times the benefit.

Everything requires time. It is the only truly universal condition. All work takes place in time and uses up time. Yet most people take for granted this unique, irreplaceable, and necessary resource. Nothing else, perhaps, distinguishes effective executives as much as their tender loving care of time.

Salvation by society failed the most where it promised the most, in the communist countries. But it also failed in the West. Practically no government program enacted since the 1950s in the Western world - or in the communist countries - has been successful.

It’s up to you to carve out your place, to know when to change course, and to keep yourself engaged and productive during a work life that may span some 50 years.