To succeed in business, to reach the top, an individual must know all it is possible to know about that business.
Interpretation
Success in business requires a deep understanding of the industry.
J. Paul Getty emphasizes that reaching the pinnacle of success in business is contingent upon possessing comprehensive knowledge about the field. This underscores the importance of education, experience, and diligence in mastering the intricacies of oneβs craft, illustrating that thorough preparation and understanding are key to achieving one's professional goals.
In practice
This quote can be used in a business seminar to emphasize the importance of industry knowledge.
Today's dissenters mainly focus their attention and expend their energies on the most inconsequential of trivia. ...Allegedly serious intellectuals quibble endlessly over such ridiculous trivialities...In the meantime, the public is lulled into a perilous somnolence, spoon-fed pap, and palpable untruths, many of which are turned out by special-interest and pressure groups and well organized propaganda machines.
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In times of rapid change, experience could be your worst enemy.
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There is only one way to make a great deal of money; and that is in a business of your own.
Succeeding makes us feel good. But beating someone else makes us feel really good. Comparing ourselves to others and coming out on top creates a sense of entitlement. And when we feel entitled, we cheat more because, of course, the rules don't apply to awesome people like us.
The ability to concentrate and to use your time well is everything if you want to succeed in business--or almost anywhere else for that matter.
Throughout my chess career I sought out new challenges, looking for things no one had done before.
When the first big paycheque with 'Dumb And Dumber' hit, I went: 'Gosh, I wonder if this will affect my performance. Will I do a take and think, was that worth $7 million?' But that never happened. If anything, it made me rebel against that thing when people who get rich start playing it safe.
Through perseverance many people win success out of what seemed destined to be certain failure.
Success may or may not mean that you've acquired a lot. It does mean that you have become a generous person.
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