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Paul A. Volcker

"Less emphasis on inventories, I think, may tend to dampen business cycles, because business cycles are typically in the grasp of inventory cycles and heavy industry cycles."

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"Less emphasis on inventories, I think, may tend to dampen business cycles, because business cycles are typically in the grasp of inventory cycles and heavy industry cycles."

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Assegid Habtewold

"The ultimate profit of all businesses should be happiness."

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Personal Development

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Assegid Habtewold

"16th century advertisements cannot market 21st century products. Look for what is necessary at the present moment."

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Personal Development

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Assegid Habtewold

"If you have ever experienced this type of unprofessional treatment, I doubt you would even consider giving them business in the future. Interrupting, ignoring, patronizing, or antagonizing a customer is like pouring gas on a fire and creates a more explosive situation than the original complaint. Still, it continues to happen every day, costing companies millions in lost revenue."

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Personal Development

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Assegid Habtewold

"My grandfather had a paint store. It's what put my mom through college. Small business is part of my family history."

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Personal Development

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Assegid Habtewold

"Every experiment, by multitudes or by individuals, that has a sensual and selfish aim, will fail."

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Personal Development

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Assegid Habtewold

"For official record, if become bankrupt old retail distribution centers-labeled supermega, so-enlarged foodstuff market- later reincarnate to become worship shrine. First sell food-stuff, next then same structure sell battered furnitures, next now born as gymnasium club, next broker flea markets, only at final end of life...sell religions."

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Assegid Habtewold

"Agile does not mean laissez-faire, flexibility and freedom are based on the well-defined principles."

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Assegid Habtewold

"Redundancy is my favourite business strategy."

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Assegid Habtewold

"In the business people with expertise, experience and evidence will make more profitable decisions than people with instinct, intuition and imagination."

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Assegid Habtewold

"Our business in life is not to get ahead of others, but to get ahead of ourselves."

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Paul A. Volcker
"By the time I became chairman and there was more of a feeling of urgency, there was a willingness to accept more forceful measures to try to deal with the inflation."

Time

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Paul A. Volcker
"Double-digit inflation is a terrible thing - and it got up to 14 or 15 percent on a monthly basis for a while, shortly after I became chairman of the Fed."

Economy

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Paul A. Volcker
"I am suspicious of the idea of a new paradigm, to use that word, an entirely new structure of the economy."

Creativity

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Paul A. Volcker
"When people begin anticipating inflation, it doesn't do you any good anymore, because any benefit of inflation comes from the fact that you do better than you thought you were going to do."

Thought

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Paul A. Volcker
"Less emphasis on inventories, I think, may tend to dampen business cycles, because business cycles are typically in the grasp of inventory cycles and heavy industry cycles."

Business

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Paul A. Volcker
"Well, by the standards of a lot of countries, by Latin American standards, it wasn't so bad."

Personal

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Paul A. Volcker
"It was the biggest inflation and the most sustained inflation that the United States had ever had."

Economy

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Paul A. Volcker
"You could not buy a house in those days without just assuming that the house was not only a place to live, but it was a good investment, because it was going to keep up with inflation or get ahead of inflation, and it was just - that was America."

Economy

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Paul A. Volcker
"The speed of communication, the speed of information transfer, the cheapness of communication, the ease of moving things around the world are a difference in kind as well as degree."

Communication

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Paul A. Volcker
"What's the subject of life - to get rich? All of those fellows out there getting rich could be dancing around the real subject of life."

Life

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