Money is in some respects life's fire: it is a very excellent servant, but a terrible master.
P. T. BarnumRead
Energy and patience in business are two indispensable elements of success.
Interpretation
Success in business requires both energy and patience.
This quote by P. T. Barnum emphasizes that achieving success in business is not just about hard work and dedication, but also about the importance of being patient. While energy fuels the drive to pursue goals and overcome obstacles, patience allows individuals to navigate challenges and wait for opportunities to bear fruit, making them equally essential for long-term success.
In practice
During a business seminar focusing on entrepreneurship.
Money is in some respects life's fire: it is a very excellent servant, but a terrible master.
The common man, no matter how sharp and tough, actually enjoys having the wool pulled over his eyes, and makes it easier for the puller.
No man has a right to expect to succeed in life unless he understands his business, and nobody can understand his business thoroughly unless he learns it by personal application and experience.
True economy consists in always making the income exceed the out-go. Wear the old clothes a little longer if necessary; dispense with the new pair of gloves; mend the old dress: live on plainer food if need be; so that, under all circumstances, unless some unforeseen accident occurs, there will be a margin in favor of the income.
No man ever went broke overestimating the ignorance of the American public.
I don't care what the newspapers say about me as long as they spell my name right.
It was a very long and hard decision. My dad kept telling me, 'You can always go to college, but you can't always go pro.' That made sense to me.
They don't give you gold medals for beating somebody. They give you gold medals for beating everybody.
He who refuses to embrace a unique opportunity loses the prize as surely as if he had failed.
I owe my success to the fact that I never had a clock in my workroom. Seventy-five of us worked twenty hours every day and slept only four hours - and thrived on it.
Professional players work almost every day, for hours on end, and the emphasis is on the word 'work.' It can be with a partner or it can be alone, but professional chess is always a pursuit of something new and surprising.
There must've been some part of me that wanted to make my mark. But there was never a defining moment.
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