Quotes in strategy
Selling your winners and holding your losers is like cutting the flowers and watering the weeds.
A woodsman was once asked, "What would you do if you had just five minutes to chop down a tree?" He answered, "I would spend the first two and a half minutes sharpening my axe."
The moral is that it is necessary to innovate, to predict needs of the customer, give him more. He that innovates and is lucky will take the market.
The essence of strategy is choosing what not to do.
There is a difference between having a vision and suffering from a hallucination.
Strategy 101 is about choices: You can't be all things to all people.
The underlying principles of strategy are enduring, regardless of technology or the pace of change.
One should always play fairly when one has the winning cards.
It is not enough to do your best; you must know what to do, and then do your best.