Books are the quietest and most constant of friends; they are the most accessible and wisest of counselors, and the most patient of teachers.
Charles William EliotRead
All business proceeds on beliefs, or judgments of probabilities, and not on certainties.
Interpretation
What this quote means
Business decisions are based on beliefs and probabilities rather than sure outcomes.
The quote by Charles William Eliot emphasizes that in the world of business, actions and strategies are driven more by beliefs and estimations of future events rather than solid certainties. This highlights the inherent uncertainty in business operations, where leaders must make informed judgments based on incomplete information, thereby navigating risks and opportunities through their understanding and perception of the market.
Themes
BusinessBeliefsProbabilitiesCertaintyDecisions
In practice
Example use cases
A speaker at a business conference discussing market strategies could use this quote to illustrate the importance of intuition.
More from Charles William Eliot
All quotes →The best way to secure future happiness is to be as happy as is rightfully possible to-day.
Charles William EliotRead
Books are the quietest and most constant of friends; they are the most accessible and wisest of counsellors, and the most patient of teachers.
Charles William EliotRead
Books are the quietest and most constant of friends.
Charles William EliotRead
Similar quotes
Values-based business behavior is no longer simply an interesting option - it's crucial to your survival. Once you understand your mission and values, you have a strong basis for evaluating your practices and aligning them accordingly.
Ken BlanchardRead
Every single person in every single company is either in sales or affects sales. Every single person in every single company is either in service or affects service.
Jeffrey GitomerRead
Learn to sell. In business you’re always selling: to your prospects, investors and employees. To be the best salesperson put yourself in the shoes of the person to whom you’re selling. Don’t sell your product. Solve their problems.
Mark CubanRead
When we launched a new company, I reviewed the ads and marketing materials and asked those presenting the campaign to read everything aloud to test the phrasing and concept. If I could grasp it quickly, then it passed with muster. We would get our message across only if it was understandable at first glance.
Richard BransonRead
Smart companies fail because they do everything right. They cater to high-profit-margin customers and ignore the low end of the market, where disruptive innovations emerge from.
Clayton M. ChristensenRead
At Patagonia, making a profit is not the goal because the Zen master would say profits happen 'when you do everything else right'.
Yvon ChouinardRead