A Quote by Edward Lampert
This idea of anticipation is key to investing and to business generally. You can't wait for an opportunity to become obvious. You have to think, "Here's what other people and companies have done under certain circumstances. Now, under these new circumstances, how is this management likely to behave?"
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Many think of management as cutting deals and laying people off and hiring people and buying and selling companies. That's not management, that's deal making. Management is the opportunity to help people become better people. Practiced that way, it's a magnificent profession.
The idea of confidence, of the emotions of the population, is an incredibly important one in economics. John Maynard Keynes called it 'animal spirit.' And if people are feeling generally good about the future, they're more likely to spend money, to start new companies; companies are more likely to hire people, make investments.
I think I always gravitated more toward psychological studies and how people behave in a variety of circumstances. Most of the stories that I tell tend to feature women who get caught up in certain situations - end up in some calamity or other.
Under certain circumstances, urgent circumstances, desperate circumstances, profanity provides a relief denied even to prayer.
Measures of policy are necessarily controlled by circumstances; and, consequently, what may be wise and expedient under certain circumstances might be eminently unwise and impolitic under different circumstances. To persist in acting in the same way under circumstances essentially different would be folly and obstinacy, and not consistency.
One reason there are so many short-lived management fads is that their prescriptions were derived and advocated in precisely this way. So managers read about a fad and try it, find that it doesn't work, abandon the effort, and move on to the next thing. In reality, it is usually the case that the faddish prescription was indeed sound advice in certain circumstances, but actually was poor advice in other circumstances.
Historyis nothing other than a collection of the lives of people, some of them great, some of them ordinarynothing other than a collection of what people have done in challenging circumstances and how they have risen to those circumstances.
If you wait until circumstances justify your thinking pleasant thoughts, you are likely to wait forever.
There are companies with management and companies with money. You can always find money. Management is the key to success in any business.
The thing that alarms me is that there are so many clergymen who say that the so-called 'new morality' is all right. They say we're living in a new generation; let's be relevant, let's change God's law. Let's say that adultery is all right under certain circumstances; fornication's all right under certain circumstances. If it's 'meaningful.'
Do not wait for enough time or money to accomplish what you think you have in mind. Work with what you have right now. Work with the people around you right now…. Do not wait for what you assume is the appropriate, stress-free environment in which to generate expression…. Do not wait till you are sure that you know what you are doing…. What you do now, what you make of your present circumstances, will determine the quality and scope of your future endeavors.
Our live set's become increasingly complex recently; we've been doing stuff that's been vastly too much information for most people to deal with and I think it's quite interesting watching how people behave in those situations, under those circumstances.
The model for our early bankruptcy laws was Deuteronomy, the idea that, under certain circumstances - in Deuteronomy, it is simply the passage of seven years' time - people are released from debt, simply because they are released from debt. No more debt. You start over again. This has been a very powerful model in this country. It's being destroyed now. People talk about how much new employment, new wealth, and so on are continuously generated in this country.
People who expect to feel guilty tend to be more sympathetic, to put themselves into other people's shoes, to think about the consequences of their behaviour before acting, and to treasure their morals. As a result they are less prone to lie, cheat or behave immorally when they conduct a business deal or spot an opportunity to make money, studies suggest. They are also likely to make better employees because people who think less about the future results of their actions are more likely to be late, to steal or to be rude to clients.
Lesson number one: opportunity can be manufactured. Yes, you can wait around for the right set of circumstances to fall into place and then leap into action but you can also create those set of circumstances on your own. In so doing, you manufacture your own opportunities. This has helped me immeasurably.
Leadership exists when people are no longer victims of circumstances but participate in creating new circumstances. Leadership is about creating a domain in which human beings continually deepen their understanding of reality and become more capable of participating in the unfolding of the world. Ultimately, leadership is about creating new realities.
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