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.
Lee IacoccaRead
I sometimes think that the only person fit to inherit wealth is the person who doesn't need an inheritance - the person who would create his own fortune no matter what his start in life - and have come to view inherited wealth as an affliction.
Interpretation
True worth comes from individual effort rather than inherited privilege.
William E. Simon's quote highlights the belief that the true capability to succeed is found in those who create their own fortunes through hard work and determination, rather than relying on wealth passed down to them. He suggests that inherited wealth can be detrimental, as it may prevent individuals from developing the drive and resilience needed to succeed on their own merits.
In practice
During a financial literacy seminar to illustrate the value of hard work over inherited wealth.
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.
I found the most difficult thing when you became successful - when I had the record album, it won Album of the Year - that you were cut off from the source of your material. Your material was everyday people, and you were kind of cut off from that, and you had to work at it.
Some people are just born stars – you either have it or you haven’t, and I was definitely born one.
The key to a winning season is focusing on one opponent at a time. Winning one week at a time. Never look back and never look ahead.
Being successful doesn’t necessarily make you great. What makes you great is when you reach back and help somebody else become great.
Your diamonds are not in far distant mountains or in yonder seas; they are in your own backyard, if you but dig for them.
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