A Mission Statement is defined as "a long awkward sentence that demonstrates management's inability to think clearly." All good companies have one. Companies that don't have Mission Statements will often be under the mistaken impression that the objective of the company is to bicker among departments, produce low-quality products, and slowly go out of business.

If an economist uses a complicated model to predict just about anything, you can ignore it. By analogy, a doctor can’t tell you the exact date of your death in 50 years. But if a doctor tells you to eat less and exercise more, that’s good advice even if you later get hit by a bus. Along those same lines, economists can give useful general advice on the economy, even if you know there will be surprises. Still, be skeptical.

Unlimited Quote Collections

Organize your favorite quotes without limits. Create themed collections for every occasion with Premium.

Share Your Favorite Quotes

Know a quote that's missing? Help grow our collection.

It's illegal to kill yourself in a quick and painless way, but if you do it slowly over a few decades -- say by not exercising -- that's called laziness, not suicide, and it's completely legal. You might even get credit for being jolly or get a job as a TV chef on a cable network.

But history has turned on a few people—like the Founding Fathers and Jesus Christ come to mind—who used the same tricks: They describe to people a better vision of themselves. And Trump fits into that [model] in the most direct way you could possibly do. He’s saying, "You're an American, I'm going to make you feel great".

Trying to win an argument with an irrational person is like trying to teach a cat to snorkel by providing written instructions. No matter how clear your instructions, it won't work. Your best strategy is to reduce the time you spend in that sort of situation.

The most efficient way to implement an empowerment program is to have meetings where you punish people for the decisions they made while at the same time encouraging people in the group to think for themselves. Eventually, the employees become numb, thus developing a healthy tolerance to the hopelessness of their situation. Hopelessness isn't the same as happiness, but it's enough to make the employees stop complaining, and that's a good start.