Patience; this is the greatest business asset. Wait for the right time to make your moves.
Interpretation
Patience is essential for achieving success in business; taking the right actions at the right time is crucial.
The quote by J. Paul Getty emphasizes the importance of patience in the realm of business. It suggests that success is not just about taking action, but knowing when to act is equally significant. Impulsive decisions may lead to failure, while careful consideration and waiting for the optimal moment can lead to greater rewards and achievements.
In practice
In a business meeting focused on long-term planning, one might say, 'As J. Paul Getty wisely noted, patience is the greatest business asset; we should wait for the right moment to expand our market.'
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.
You must not only learn to live with tension, you must seek it out. You must learn to thrive on stress.
In times of rapid change, experience could be your worst enemy.
The #1 guideline to success is you must be in business for yourself. When you work for someone else, you sell your time at wholesale to your employer, who then re-sells it at retail to the customer.
There is only one way to make a great deal of money; and that is in a business of your own.
To succeed in business, to reach the top, an individual must know all it is possible to know about that business.
I have the world heavyweight title not because it was 'given' to me, not because of my race or religion, but because I won it in the ring through my own boxing ability.
The speed at which a business success is recognized, furthermore, is not that important as long as the company's intrinsic value is increasing at a satisfactory rate. In fact, delayed recognition can be an advantage: It may give us the chance to buy more of a good thing at a bargain price.
Everybody's career has ups and downs. I like to take chances; I don't like to stand still. And I don't give a damn what the market is interested in; I want to try things.
Those who are victorious plan effectively and change decisively. They are like a great river that maintains its course but adjusts its flow...they have form but are formless. They are skilled in both planning and adapting and need not fear the result of a thousand battles: for they win in advance, defeating those that have already lost.
We all know a variety of ways to make a living. What's even more fascinating is figuring out ways to make a fortune.
I think my first story sold for $550. This was in 1954, and it seemed like quite a lot of money, and I said to myself, 'Hey, I'm a professional writer now.'
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