Charles Handy

The reason that the stock market is so important is not because it raises money; it’s because it is putting a price on your property. Somebody else can buy you. When your stock price goes down, you’re worried, not because you can’t raise more money—you weren’t doing that anyway. But suddenly, it’s as if your house is valued at half the price of the house … [ Read more ]

Warren Buffet

“I will tell you how to become rich. Be fearful when others are greedy. Be greedy when others are fearful.”

James Champy

When financial pressures and capital markets demand improved financial performance, the most common reaction is a reduction in force — that’s a layoff. I’m sorry to report that many managers choose layoffs as an expedient way to improve performance and satisfy capital markets. The result for the company is half the people doing twice the work. Capital markets may see some short-term profit improvement, but … [ Read more ]

Tom Golisano

A long time ago someone told me there would be three factors determining our stock price after we went public. One-third of the price would reflect how well we were doing, one-third how well our industry was doing, and one-third how well the stock market was doing.