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NJmike PE

Inspirational Quotes

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 🤔 Before signing any exclusivity language such as: “the client shall not retain the service of any other lawyer except that of an authorized representative of the Firm in all of its business engagements.”

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Learn to politely say no to lawyers when you disagree with them, unless you want them to run you and your business 😃

Much ❤️,

Dean Agnostic

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bortaS bIr jablu'DI' reH QaQqu' nay‘, Khan Noonien Singh, Start Trek II: 1982 (used very often by the TV character Sheldon Cooper)



 

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Incentives

"From all business, my favorite case on incentives is Federal Express. The heart and soul of their system, which creates the integrity of the product is having all their airplanes come to one place in the middle of the night and shift all the packages from plane to plane. If there are delays, the whole operation can't deliver a product full of integrity to Federal Express Customers. And it was always screwed up. They could never get it done on time. They tried everything-moral suasion, threats, you name it, and nothing worked.

Finally, somebody got the idea to pay all these people not so much an hour, but so much a shift - and when it's all done, they can go home. Well, their problems cleared up overnight." 

- Charlie Munger

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McDonald's

"This is a nice college, but the really great educator is McDonald's..........I think a lot of what goes on there is better than Harvard."

- Charlie Munger

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"Give a man a fish and you feed him for a day. Teach him the ability to use cash and you feed him forever." - The Sage of Guam

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Waiting

"You have to be very patient, you have to wait until something comes along, which, at the price you're paying, is easy. That's contrary to human nature, just to sit there all day long doing nothing, waiting. It's easy for us, we have a lot of other things to do. But for an ordinary person, can you imagine just sitting for five years doing nothing? You don't feel active, you don't feel useful, so you do something stupid." - Charlie Munger

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"Have the courage of your knowledge and engineering experience. If you have formed a conclusion from the facts and if you know your judgement is sound, act on it even though others  may hesitate or differ." - Warren Buffett 

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