I'm a firm believer that to really understand a business takes years, not months. As an investment analyst you think you understand a business from the outside, but the reality is that, once you are inside, you can go on learning for five or ten years.
Go for a business that any idiot can run - because sooner or later, any idiot probably is going to run it.
Regardless of how well a studio is run, it's only as good as the product it produces.
We intend to conduct our business in a way that not only meets but exceeds the expectations of our customers, business partners, shareholders, and creditors, as well as the communities in which we operate and society at large.
I believe my concepts are more than just business, they are about our culture.
The true foundation of republican government is the equal right of every citizen in his person and property and in their management.
When hiring key employees, there are only two qualities to look for: judgement and taste. Almost everything else can be bought by the yard.
I believe the real difference between success and failure in a corporation can be very often traced to the question of how well the organization brings out the great energies and talents of its people.
Baseball is not a conventional industry. It belongs neither to the players nor management, but to all of us. It is our national pastime, our national symbol, and our national treasure.
The essence of the best thinking in the area of time management (practice planning) can be captured in a single phrase: Organize and execute around priorities
Love means attention, which means looking after the things we love. We call this stable management.
True leadership must have follower-ship. Management styles can vary, but even an autocrat needs people who believe and simply don't follow from fear.
Through an unwieldy combination of big government, big military, big business, big labor and big cities, we have created an unworkable mega-nation which defies central management and control. Not only is the United States too big, but it has also become too authoritarian and too undemocratic, and its states assume too little responsibility for the solution of their own social, economic, and political problems.
An undertaking of great magnitude and importance, the successful accomplishment of which, in so comparatively short a period, notwithstanding the unheard of unestimable difficulties and impediments which had to be encountered and surmounted, in an almost unexplored and uninhabited wilderness . . . evinced on your part a moral courage and an undaunted spirit and combination of science and management equally exciting our admiration and deserving our praise.
I've not seen an effective manager or leader who can't spend some fraction of time down in the trenches... If they don't do that they get out of touch with reality, and their whole thought and management process becomes abstract and disconnected.
I'm out talking about this company (General Electric) seven days a week, 24 hours a day, with nothing to hide. We're a 130-year-old company that has a great record of high-quality leadership and a culture of integrity.
We strive to hire and retain only those who embrace our MBM® Guiding Principles, which encompass integrity, compliance, value creation, Principled Entrepreneurship, customer focus, knowledge, change, humility, respect and fulfillment.
As time goes on, I get more and more convinced that the right method of investment is to put fairly large sums into enterprises which one thinks one knows something about and in the management of which one thoroughly believes.
With some exceptions, the wrong people are running U.S. companies. It's been that way for years, and it hasn't gotten much better.
We want a national emissions trading scheme, the Government does not and has rejected one for years. We want to boost the mandatory renewable energies target, the Government has failed to do that. We want a national demand side management strategy for the country to reduce electricity consumption and the Government, up until now, has done very little on that score.
We've got a portfolio of companies that range all the way from hotels to television stations and cable TV companies, oil and gas, consumer products, and industrial products. If there's anything that I want to know more about, I have the opportunity. It's right in our portfolio. I can spend time at the factory or with the manangement and learn as much as I want. You can't get bored doing that.
Shamefully we now learn that Saddam's torture chambers reopened under new management, U.S. management.
Ethics must begin at the top of an organization. It is a leadership issue and the chief executive must set the example.
You must be on top of change or change will be on top of you.
Too often it's not the most creative guys or the smartest. Instead, it's the ones who are best at playing politics and soft-soaping their bosses. Boards don't like tough, abrasive guys.
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