Tomorrow always arrives. It is always different. And even the mightiest company is in trouble if it has not worked on the future. Being surprised by what happens is a risk that even the largest and richest company cannot afford, and even the smallest business need not run.

Promotion should not be more important than accomplishment, or avoiding instability more important than taking the right risk.

Succession planning often results in the selection of a weaker representation of yourself.

Every few hundred years in Western history there occurs a sharp transformation. Within a few short decades, society - its worldview, its basic values, its social and political structures, its art, its key institutions - rearranges itself. We are currently living through such a time.

In all recorded history there has not been one economist who has had to worry about where the next meal would come from.

The fewer data needed, the better the information. And an overload of information, that is, anything much beyond what is truly needed, leads to information blackout. It does not enrich, but impoverishes.

No one learns as much about a subject as one who is forced to teach it.