A Quote by Jorge Paulo Lemann
I have learned that the ethics of the so-called markets can be different from what we learn at school. In day-to-day life you have stimulus to behave unethically, but in the long term it always pays off to be ethical.
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In day-to-day life, you have stimulus to behave unethically, but in the long term, it always pays off to be ethical.
The legal system doesn't always serve as a good guide for your conscience. You can step way over the ethical line and still be inside the law. The same thing goes for rules, policies and procedures - you know, the organization's "internal laws." You can "go by the book" and still behave unethically. Still not move beyond mediocrity. High standards-the ethics of excellence-come to life through your basic values, your character, integrity and honesty. Obeying the law is the bare minimum.
I learn new things every day, but I've learned that no matter what life throws at you, you take it day by day.
Britain can choose, as others are, short term fixes and more stimulus. Or we can lead the world with long-term solutions to long-term problems.
The term Christian used to be a pejorative. Back in the day, Christians were persecuted; however, over time, it became one of the word's biggest religions. Same thing with the term Mormons in the religious area. Mormons didn't want to be called that. They wanted to be called Latter-day Saints. It's only been in recent decades that they kind of shifted that position and took ownership of it.
In medicine, you learn about ethics from day one. In mathematics, it's a bolt-on at best. It has to be there from day one and at the forefront of your mind in every step you take.
I was 14, but it was on a thing called day release, so we took the day off school on a Wednesday to train and do school at Cobham, and at the end of the day, we got asked to train with the first team just because of numbers. There was a drill where it was like a 1v1 drill, and I got partnered with Drogba. I was going 1v1 with Drogba when I was 14.
If the student sitting in a class is unable to understand anything day in and day out, then that has a serious and long-term psychological impact on his/her life.
Using the phrase business ethics might imply that the ethical rules and expectations are somehow different in business than in other contexts. There really is no such thing as business ethics. There is just ethics and the challenge for people in business and every other walk in life to acknowledge and live up to basic moral principles like honesty, respect, responsibility, fairness and caring.
Being captive to quarterly earnings isn't consistent with long-term value creation. This pressure and the short term focus of equity markets make it difficult for a public company to invest for long-term success, and tend to force company leaders to sacrifice long-term results to protect current earnings.
The thing that I learned early on is you really need to set goals in your life, both short-term and long-term, just like you do in business. Having that long-term goal will enable you to have a plan on how to achieve it.
It sounds, especially in this day and age, sort of snobbish, but we left school at 16, nobody went on to university unless you were a real brainbox. Instead, we went to Paris and Florence and learned about life and culture and how to behave with people, how to talk to people.
Fitting in is a short-term strategy, standing out pays off in the long run.
The finance world in general is very, very complicated and there are so many different things that need to be evaluated, but I think at the end of the day, the most important thing is how you want to invest your money - if you want to be a short-term, mid-term or long-term investor.
I've always loved California; I'll probably always live here on the West Coast, at least long-term. But I do love coming to New York. The energy is totally different, and I always have a lot of fun there. I always end up staying up all night! I look at my friends, like, "How do you guys do this every day?"
I wonder if it's ethical to watch a man with binoculars and a long-focus lens? D'ya suppose it's ethical even if you prove that he didn't commit a crime? I'm not much on rear window ethics.
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