Hayek as Corporate Operating System

“what my grandfather had very clear when he repeated time and again: "Wenn Ich rasten Ich rosten" ("If I rest, I rust").”

“In the emblem or shield of the Thyssens, this maxim stands out: "La vertu surpasse la richesse" (Virtue surpasses wealth).”

“Tom Murphy chose his targets patiently and carefully, reviewing their profit and operating histories. And when he moved forward with an acquisition, it was because he was confident that his team could successfully infuse the Capcities philosophy and business savvy into the new assets.”

“The difference was our commitment to letting our managers manage. Run the station like you own it and, by the way, here is some stock to make you an actual “owner””

“Milken does not run with the herd. He is, said Joseph, “one of the greatest natural contra-thinkers I’ve ever seen. If you say, ‘It’s a nice day,’ he thinks about the fact that people think it’s a nice day, maybe it’s not nice somewhere else, maybe it’s not gonna be nice, compared to what, what do you mean, nice day? He really thinks that way. That is perfect for an investor, or a trader, to be a contra-thinker. It turns out it is perfect for a finance business, trying to figure out what’s going to happen in the future.””

“One of Gobhai’s key premises is that most great ideas are, as he says, “born bad”—by which he means that one is more likely to make one’s way to the great idea from the seemingly crazy or outrageous than from the cautious and sensible.”