There are only two things in a business that make money - innovation and marketing, everything else is cost.

Never underrate the boss! The boss may look illiterate. He may look stupid. But there is no risk at all in overrating a boss. If you underrate him he will bitterly resent it or impute to you the deficiency in brains and knowledge you imputed to him.

Communism is evil. Its driving forces are the deadly sins of envy and hatred.

Everything must degenerate into work if anything is to happen.

Teaching 23-year-olds in an MBA programme strikes me as largely a waste of time. They lack the background of experience. You can teach them skills - accounting and what have you - but you can't teach them management.

Schools will change more in the next 30 years than they have since the invention of the printed book.

Efficiency is doing better what is already being done.