"No financial man will ever understand business..." - Quote by Peter Drucker
No financial man will ever understand business because financial people think a company makes money. A company makes shoes, and no financial man understands that. They think money is real. Shoes are real.
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“Here I am, fifty-eight, and I still don't know what I'm going to be when I grow up.”
“The purpose of a business is to create a customer.”
“Everybody has accepted by now that change is unavoidable. But that still implies that change is like death and taxes - it should be postponed as long as possible and no change would be vastly preferable. But in a period of upheaval, such as the one we are living in, change is the norm.”
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“When bankers get into business they usually destroy it.”
“Rattle me out of bed early, set me going, give me as short a time as you like to bolt my meals in, and keep me at it. Keep me always at it, and I'll keep you always at it, you keep somebody else always at it. There you are with the Whole Duty of Man in a commercial country.”
“The art of winning in business is in working hard - not taking things too seriously.”
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“Pay what you owe and you'll know what's your own.”
“I will tell you one other thing about money: when you don't have it, it sure as hell affects the quality of people's health, and their relationships. And paper money isn't even real today, right? It's all really ones and zeros in computers today. But at the same time, if you don't have it, it certainly affects the quality of your life.”
“The dilemma of modern society: the conflict between the need for capital formation at a high rate and the popular condemnation of interest and dividends as "unearned income" and "capitalist," if not as sinful and wicked.”