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Value Quotes

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Value Quotes

“There are lots of ways to measure a company's success. You can look at earnings reports and get really specific with the numbers. You can look at social capital and the influence the company has on people. You can look at the balance sheet and the value of its assets. You can look at its legal framework, it's brand, it's staff. The key to valuing a company is to look at the company holistically.”

“I met my wife through Match.com. My profile said, 'I am a medical student with only one eye, an awkward social manner, and $145,000 in student loans.' She wrote back, 'You're just what I've been looking for.' She meant 'honest,' so let me be honest. Making money is not like what I thought it would be. This business kills the part of life that is essential, the part that has nothing to do with business. For the past two years, my insides have felt like they've been eating themselves. All the people that I respected won't talk to me anymore, except through lawyers. People want an authority to tell them how to value things, but they choose this authority not based on facts or results. They choose it because it seems authoritative and familiar. And I am not, nor ever have been, 'familiar.' So...so I have come to the sullen realization that I must close down the fund. Sincerely, Michael J. Burry, M.D.”

“What does a successful life look like? We all have our own deep-seated needs, so we each have to decide for ourselves what success is. I don’t care whether you want to be a master of the universe, a couch potato, or anything else—I really don’t. Some people want to change the world and others want to operate in simple harmony with it and savor life. Neither is better. Each of us needs to decide what we value most and choose the paths we take to achieve it.”

“I’ve learned that even people who are — who see the world differently from you, they love something. And if we take the time to share what we love with one another, we can see each other’s humanity, and we can feel each other’s value. And if we can connect in a real way, that’s what we need to accompany each other, because some of what is going to be asked is that you just let me be. You know. As relocation and all of this stuff happens, some people are going to choose something other than what you would choose. And to accompany them is to just understand what they love, and respect it. So I think let’s take the time to connect through love, and stick with each other as we practice our own liberation, our own liberated stance on this thing, which will not always be the answer we want to hear, but it’ll be someone practicing freedom. And that’s the part we have to respect.”

“Fortunately, suppressing an impulse doesn’t always have to decrease your dopamine—it can actually feel good. The key is the prefrontal cortex, which is responsible for pursuing long-term goals and has the ability to modulate dopamine release in the nucleus accumbens. So suppressing an impulse can be rewarding, as long as it’s in service of your larger values.”

“The Wolf. The single most productive engineer you’ll meet. You’ve heard of the 10x engineer, but I am here to tell you about the Wolf. They are engineers, and they consistently exhibit the following characteristics: They appear to exist outside of the well-defined process that we’ve defined to get things done, but they appear to suffer no consequences for not following these rules. Everyone knows they’re the Wolf, but no one ever calls them the Wolf. They have a manager, but no one really knows who it is. They have a lot of meetings, but none of them are scheduled. Inviting them to your meeting is a crap shoot. They understand how “the system” works, they understand how to use “the system” to their advantage, and they understand why “the system” exists, but they think “the system” is a bit of a joke. You can ask a Wolf to become a manager, but they’ll resist it. If you happen to convince them to do it, they will do a fine job, but they won’t stay in that role long. In fact, they’ll likely quit managing when you least expect it. Lastly, and most importantly, the Wolf generates disproportionate value for the company with their unparalleled ability to identify and rapidly work on projects essential to the future of the company.”

“Being valuable is the start. But a good business also has to communicate its value to its customers and those customers have to also voluntarily be in agreement with that value. If the customers perceive the value, and determine that the value they obtain from your businesses products or services is greater than the value of the dollars, Renminbi or ETH they have in their wallet… then they will pay for what your business is selling. If not, they won’t.”

“6.4 All propositions are of equal value. 6.41 The sense of the world must lie outside the world. In the world everything is as it is, and everything happens as it does happen: in it no value exists—and if it did exist, it would have no value. If there is any value that does have value, it must lie outside the whole sphere of what happens and is the case. For all that happens and is the case is accidental. What makes it non-accidental cannot lie within the world, since if it did it would itself be accidental. It must lie outside the world. 6.42 So too it is impossible for there to be propositions of ethics. Propositions can express nothing that is higher. 6.43 If the good or bad exercise of the will does alter the world, it can alter only the limits of the world, not the facts—not what can be expressed by means of language. In short the effect must be that it becomes an altogether different world. It must, so to speak, wax and wane as a whole. The world of the happy man is a different one from that of the unhappy man. 6.44 It is not how things are in the world that is mystical, but that it exists. 6.45 To view the world sub specie aeterni is to view it as a whole—a limited whole. Feeling the world as a limited whole—it is this that is mystical.”

“Do your best. The effort you put in will be rewarded. Sometimes, your best will be better than at other times. Do your best, one day at a time. That's good enough. You don’t know who may get value from something you have said or done. More people than you realise can be blessed by you. We only get told a small fraction of the effect we have on other people. When we get the occasional compliment, we can take it as a reminder that there are people out there benefiting from what we are doing.”

“Investigative negotiators confront demands the same way they confront any other statement from the other party: “What can I learn from this demand? What does it tell me about the other party’s needs and interests? How can I use this information to create and capture value?”