Adam Smith's image of competition in the marketplace was intended as an adjunct to his detailed description of human motivation in The Theory of Moral Sentiments , in which the pursuit of profit is tempered at every juncture by sympathy and benevolence, and by the posture of the "impartial spectator" which is forced on us by our moral nature.

Leadership, in other words, is a matter of character, not goals.

One runs a business ultimately to do well so you can do good for everyone.

Adam Smith's image of competition in the marketplace was intended as an adjunct to his detailed description of human motivation in The Theory of Moral Sentiments , in which the pursuit of profit is tempered at every juncture by sympathy and benevolence, and by the posture of the "impartial spectator" which is forced on us by our moral nature.

Profit doesn't appear as the goal but as a side effect of pursuing motivating principles.

Taking faith seriously leads to the utility of altruistic behavior.

The business virtue par excellence is honesty without it markets can't long survive.