A Quote by Warren Buffett
In the long run managements stressing accounting appearance over economic substance usually achieve little of either.
Related Quotes
The elevation of appearance over substance, of celebrity over character, of short term gains over lasting achievement displays a poverty of ambition. It distracts you from what's truly important.
Including the value of natural resources and our social capital in national accounting is a vital step to achieve economic growth that is equitable and sustainable.
Nature is an expert in cost-benefit analysis,' she says. 'Although she does her accounting a little differently. As for debts, she always collects in the long run.
For our purposes, let’s say a goal is a specific objective that you either achieve or don’t sometime in the future. A system is something you do on a regular basis that increases your odds of happiness in the long run. If you do something every day, it’s a system. If you’re waiting to achieve it someday in the future, it’s a goal.
No company, small or large, can win over the long run without energized employees who believe in the mission and understand how to achieve it.
Creative accounting is an absolute curse to a civilization. One could argue that double-entry bookkeeping was one of history's great advances. Using accounting for fraud and folly is a disgrace. In a democracy, it often takes a scandal to trigger reform. Enron was the most obvious example of a business culture gone wrong in a long, long time.
First you have to witness that you are stressing out: Oh, my trigger is here. The news is stressing me out or This line is so long. Let yourself feel it. You don't want to spiritually bypass these problems. Give yourself a couple of minutes to sit in the feeling. Acceptance sets you free from the stress of expectation.
No one wants to work for what they have, to achieve a goal. No one wants to step outside of the house and go for a long run and sweat. Everybody wants to run inside the house, the treadmill. They want to trim up a little excess body fat, but they don't want to diet and train. Go straight to the lipo and whatever else they do. The easy way out.
You have various institutions like law firms and accounting firms which bill by the hour. I'm really against that. You have an incentive to go slowly, be there as long as possible, to over-research things and over-staff.
There are men regarded today as brilliant economists, who deprecate saving and recommend squandering on a national scale as the way of economic salvation; and when anyone points to what the consequences of these policies will be in the long run, they reply flippantly, as might the prodigal son of a warning father: 'In the long run we are all dead.' And such shallow wisecracks pass as devastating epigrams and the ripest wisdom.
Trees and clean energy [are] the long-run solution but we have no time to wait for the long run. We need a short-run solution now, and one that encourages and facilitates the transition to the long-run solution.
Inclusiveness has an outlook, an appearance and substance.
Baseball is a lot like the ivy-covered wall of Wrigley Field--it gives off a great appearance, but when you run into it, you discover the bricks underneath. At times, it seems that we're dealing with a group of men who aren't much different than others we've all run into over the years, except they wear neckties instead of robes and hoods.
In this country, unfortunately, as all over the world, we care so little, we have no deep feeling about anything. Most of us are intellectual-intellectuals in the superficial sense of being very clever, full of words and theories about what is right and what is wrong, about how we should think, what we should do. Mentally we are highly developed, but inwardly there is very little substance or significance; and it is this inward substance that brings about true action, which is not action according to an idea.
The development of a political-economic framework to explore long-run institutional change occupied me during all of the 1980s and led to the publication of Institutions, Institutional Change and Economic Performance in 1990.
The Cicada sing an endless song in the long grass, smells run along the earth and falling stars run over the sky, like tears over a cheek. You are the privileged person to whom everything is taken. The Kings of Tarshish shall bring gifts.
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