“For example: (1) As if governed by Newton's First Law of Motion, an institution will resist any change in its current direction; (2) Just as work expands to fill available time, corporate projects or acquisitions will materialize to soak up available funds; (3) Any business craving of the leader, however foolish, will be quickly supported by detailed rate-of-return and strategic studies prepared by his troops; and (4) The behavior of peer companies, whether they are expanding, acquiring, setting executive compensation or whatever, will be mindlessly imitated.” IfsFirstsLawCompanyLeaderStudyExampleReturnBehaviorProjectsInstitutionsPreparedRateCurrentsAvailableFoolishSettingSettingsCorporateFundExecutivesTroopsPeersExpandingCravingCompensationStrategicNewtonAcquisitionLaws Of MotionExecutive Compensation Book:Warren Buffett on Business: Principles from the Sage of Omaha Source: Warren Buffett on Business: Principles from the Sage of Omaha
“All of our punishment institutions, including jails, laws, church confessionals, and so forth, are systems of illusion. The order of the universe, the infinite justice of yin and yang, naturally takes care of all motion and compensation. We don't need to invent arbitrary ways to make balance with punishments.” WayNeedsCareLawOrderUniverseChurchJusticeBalanceIllusionInfiniteInstitutionsIncludingTake CarePunishmentJailArbitraryCompensationInventingYangYin And Yang Author:Michio Kushi