Operating Principle1 book · 2 highlights
Capital From Self-Denial Alone
Books Teaching This Pattern
Evidence
Bernard Baruch
James Grant · 2 highlights
“concerning capital: “It arises solely out of saving. It stands always for self-denial and abstinence.””
“His lifelong approach to economic problems was the fundamental notion that people must work and save. (He preached this doctrine at home as well as in councils of state.”
Related Patterns
Relationship LeverageAble Men Inside Bad SystemsSignature MoveEmotional Quarantine Before Every DecisionDecision FrameworkCrowd Madness as Readable SignalCornerstone MoveFacts First, Then Ride the CurrentStrategic PatternSupply and Demand Over Government ControlRisk DoctrineTwo and Two Still Make Four