What makes Samsung so mysterious is that it's not altogether clear who leads the company or what its leaders do. The company follows an avowedly Confucian model of consensus-driven decision-making, values bone-crushingly hard work, and shows tremendous deference to the founding Lee family, despite its lack of a controlling interest in its shares.
A good monetary policy follows inflationary expectations and not historical numbers.
Consider in 1945, when the United Nations was first formed, there were something like fifty-one original member countries. Now the United Nations is made up of 193 nations, but it follows the same structure in which five nations control it. It's an anti-democratic structure.
I believe in hard work. I think that everything flows out of that.
Up to the age of five, I wanted to be a builder. My neighbour, a builder called Paddy White, would come in for a cup of tea with my mother. I'd assemble all the pillows together at interesting angles, thinking he would spot my talent at a raw young age and take me on as an apprentice.
There are always highs and lows in life, but if you maintain an even keel, then you can take the right decisions.
Ah, man, if I could ever hook up with Tom Waits, I'd be the happiest camper in Yellowstone, alright? That's the one guy.
I've been a Fellow in a number of companies: Xerox, Apple, Disney, HP. There are certain similarities because all the Fellows programs were derived from IBM's, which itself was derived from the MIT 'Institute Professor' program.
Simplicity does not precede complexity, but follows it.
John Coltrane - I've been listening to the 'Trane again. It blows you away, because I know more now and I hear more now and I had a life that I've lived!
