“
Forget about having an identity crisis and get some identity capital. … Do something that adds value to who you are. Do something that's an investment in who you might want to be next.
”
”
Meg Jay (The Defining Decade: Why Your Twenties Matter - And How to Make the Most of Them Now)
“
In the time of your life, live—so that in that good time there shall be no ugliness or death for yourself or for any life your life touches. Seek goodness everywhere, and when it is found, bring it out of its hiding place and let it be free and unashamed.
Place in matter and in flesh the least of the values, for these are the things that hold death and must pass away. Discover in all things that which shines and is beyond corruption. Encourage virtue in whatever heart it may have been driven into secrecy and sorrow by the shame and terror of the world. Ignore the obvious, for it is unworthy of the clear eye and the kindly heart.
Be the inferior of no man, or of any men be superior. Remember that every man is a variation of yourself. No man's guilt is not yours, nor is any man's innocence a thing apart. Despise evil and ungodliness, but not men of ungodliness or evil. These, understand. Have no shame in being kindly and gentle but if the time comes in the time of your life to kill, kill and have no regret.
In the time of your life, live—so that in that wondrous time you shall not add to the misery and sorrow of the world, but shall smile to the infinite delight and mystery of it.
”
”
William Saroyan (The time of your life (RSC playtext))
“
Look at things not as they are, but as they can be. Visualization adds value to everything. A big thinker always visualizes what can be done in the future. He isn't stuck with the present
”
”
David J. Schwartz (The Magic of Thinking Big)
“
The purpose of our lives is to add value to the people of this generation and those that follow.
”
”
T. Harv Eker (Secrets of the Millionaire Mind: Mastering the Inner Game of Wealth)
“
We comfort ourselves by reliving memories of protection. Something closed must retain our memories, while leaving them their original value as images. Memories of the outside world will never have the same tonality as those of home and, by recalling these memories, we add to our store of dreams; we are never real historians, but always near poets, and our emotion is perhaps nothing but an expression of a poetry that was lost.
”
”
Gaston Bachelard (The Poetics of Space)
“
As markets change and the broader economy evolves, new opportunities for businesses to add value emerge. And new possibilities for new kinds of businesses also emerge.
”
”
Hendrith Vanlon Smith Jr.
“
In any new situation, whether it involves an elevator or a rocket ship, you will almost certainly be viewed in one of three ways. As a minus one: actively harmful, someone who creates problems. Or as a zero: your impact is neutral and doesn't tip the balance one way or the other. Or you'll be seen as a plus one: someone who actively adds value. Everyone wants to be a plus one, of course. But proclaiming your plus-oneness at the outset almost guarantees you'll be perceived as a minus one, regardless of the skills you bring to the table or how you actually perform.
”
”
Chris Hadfield (An Astronaut's Guide to Life on Earth)
“
The sum of all known value and respect, I add up in you, whoever you are.
”
”
Walt Whitman (Leaves of Grass)
“
I choose to believe that I owe my very
life to you--ay--smile, and think it an exaggeration if you will.
I believe it, because it adds a value to that life to think--oh,
Miss Hale!' continued he, lowering his voice to such a tender
intensity of passion that she shivered and trembled before him,
'to think circumstance so wrought, that whenever I exult in
existence henceforward, I may say to myself, "All this gladness
in life, all honest pride in doing my work in the world, all this
keen sense of being, I owe to her!" And it doubles the gladness,
it makes the pride glow, it sharpens the sense of existence till
I hardly know if it is pain or pleasure, to think that I owe it
to one--nay, you must, you shall hear'--said he, stepping
forwards with stern determination--'to one whom I love, as I do
not believe man ever loved woman before.' He held her hand tight
in his. He panted as he listened for what should come.
”
”
Elizabeth Gaskell (North and South)
“
Do not worry about your life, what you will eat or drink; or about your body, what you will wear. Is not life more important than food, and the body more important than clothes?
Look at the birds of the air; they do not sow or reap or store away in barns, and yet your heavenly Father feeds them. Are you not much more valuable than they?
Who of you by worrying can add a single hour to his life?
And why do you worry about clothes? See how the lilies of the field grow. They do not labour or spin. Yet I tell you that not even Solomon in all his splendor was dressed like one of these. If that is how God clothes the grass of the field, which is here today and tomorrow is thrown into the fire, will he not much more clothe you, O you of little faith?
So do not worry, saying, ``What shall we eat?'' or ``What shall we drink?'' or ``What shall we wear?'' For the pagans run after all these things, and your heavenly Father knows that you need them. But seek first his kingdom and his righteousness, and all these things will be given to you as well.
Therefore do not worry about tomorrow, for tomorrow will worry about itself. Each day has enough trouble of its own.
- Matthew 6:25-34
”
”
Anonymous (The Holy Bible: King James Version)
“
At Mayflower-Plymouth, we are trying to mimic the intelligence of fungi and mycelium to add value in service to businesses.
”
”
Hendrith Vanlon Smith Jr.
“
5 Ways To Build Your Brand on Social Media:
1 Post content that add value
2 Spread positivity
3 Create steady stream of info
4 Make an impact
5 Be yourself
”
”
Germany Kent
“
The economy is always changing. Therefore, business strategy should change to adapt. And the way to adapt is to find new ways to add value to the customers lives.
At Mayflower-Plymouth, we're here to help your business thrive in this way.
”
”
Hendrith Vanlon Smith Jr. (The Wealth Reference Guide: An American Classic)
“
Our Investments should be consistent with our values.
If we value the environment, we should have our money invested in businesses and systems that improve the condition of the environment and add value to nature. If we value health, we should have our money invested in businesses and systems that help people to live healthier lives in some way.
”
”
Hendrith Vanlon Smith Jr.
“
In the permaculture economy, recycling isn't good enough. It's more about upcycling - because as resources cycle through the system, they should continue to add greater value to the system.
”
”
Hendrith Vanlon Smith Jr.
“
Money is supposed to flow easily and consistently. We should add value in the world in the way that is most natural to us individually, and money should just naturally flow into our life.
”
”
Hendrith Vanlon Smith Jr. (The Wealth Reference Guide: An American Classic)
“
Evey: Who are you?
V. : Who? Who is but the form following the function of what and what I am is a man in a mask.
Evey: Well I can see that.
V. : Of course you can, I’m not questioning your powers of observation, I’m merely remarking upon the paradox of asking a masked man who he is.
Evey: Oh, right.
V. : But on this most auspicious of nights, permit me then, in lieu of the more commonplace soubriquet, to suggest the character of this dramatis persona. Voila! In view humble vaudevillian veteran, cast vicariously as both victim and villain by the vicissitudes of fate. This visage, no mere veneer of vanity, is a vestige of the “vox populi” now vacant, vanished. However, this valorous visitation of a bygone vexation stands vivified, and has vowed to vanquish these venal and virulent vermin, van guarding vice and vouchsafing the violently vicious and voracious violation of volition.
The only verdict is vengeance; a vendetta, held as a votive not in vain, for the value and veracity of such shall one day vindicate the vigilant and the virtuous.
Verily this vichyssoise of verbiage veers most verbose, so let me simply add that it’s my very good honour to meet you and you may call me V.
Evey: Are you like a crazy person?
V. : I’m quite sure they will say so.
”
”
Alan Moore (V for Vendetta)
“
The first priority of the business is to add value to the customers lives, in exchange for payment.
At Mayflower-Plymouth, we're here to help your business figure this out, and to provide holistic solutions.
”
”
Hendrith Vanlon Smith Jr.
“
The first good reason to write a book is to add value to people’s lives.
”
”
Guy Kawasaki (APE: Author, Publisher, Entrepreneur. How to Publish a Book)
“
The sum of global business activity should actually add value to natural ecosystems.
”
”
Hendrith Vanlon Smith Jr.
“
I’m not ashamed of what I am - of how I pass through this life. What I am has given me the strength to do it. At my lowest ebb I have never contemplated suicide. I value what is here too much. I have a contribution to make. I am not just take up space in this life. I can add something to the lives I touch. I don’t like everything I know about myself, and I’ll never be satisfied, but nobody’s perfect. I’m not sure where the next years will take me - what they will hold - but I’m open to suggestions.
”
”
Lauren Bacall
“
Compassionate Artificial Intelligence can transform and heal the world from much deeper sense. They can add values and transform our world, our families, our workplaces, and our communities.
”
”
Amit Ray (Compassionate Artificial Intelligence)
“
People become more valuable when they gain skills and capabilities that enable them to add value to other peoples lives. A business is a collaboration of people. Businesses also become more valuable when they gain skills and capabilities that enable them to add value to peoples lives.
”
”
Hendrith Vanlon Smith Jr.
“
He was shaken by an unwelcome insight. Lives did not add as integers. They added as infinities.
”
”
Lois McMaster Bujold (Borders of Infinity (Vorkosigan Saga [Publication] #5.1-5.3))
“
Carvism is the art of chipping away unnecessary things, and keeping only those things that complete you, that add value to your self.
”
”
Prem Jagyasi
“
Procrasdemon makes you waste your time on things that do not add value to your life.
”
”
Neeraj Agnihotri (Procrasdemon - The Artist's Guide to Liberation from Procrastination)
“
Voila! In view humble vaudevillian veteran, cast vicariously as both victim and villain by the vicissitudes of fate. This visage, no mere veneer of vanity, is a vestige of the “vox populi” now vacant, vanished. However, this valorous visitation of a bygone vexation stands vivified, and has vowed to vanquish these venal and virulent vermin, van guarding vice and vouchsafing the violently vicious and voracious violation of volition. The only verdict is vengeance; a vendetta, held as a votive not in vain, for the value and veracity of such shall one day vindicate the vigilant and the virtuous.
Verily this vichyssoise of verbiage veers most verbose, so let me simply add that it’s my very good honour to meet you and you may call me V.
”
”
Alan Moore (V for Vendetta)
“
At Mayflower-Plymouth, we are excited to invest in the evolution of a lot of different industries from IP to E-commerce to Transportation to Real Estate and more. But in every case, the goal is to add value and make things better. We are an investment company with soul and with purpose.
”
”
Hendrith Vanlon Smith Jr.
“
I’d been stupid to believe that employment would add value to my life.
”
”
Ottessa Moshfegh (My Year of Rest and Relaxation)
“
Say what you mean and mean what you say. Don’t be afraid to stand firm on the decisions that you make. Trust yourself. Believe in your instincts. Do what works best for YOU. Stay true to yourself and be good to yourself. Allow every decision that you make to empower, enrich, and add value to your life!
”
”
Stephanie Lahart
“
There are so many ways to add value to peoples lives. But what's also important is monetization. The key is to find that balance where your business is efficiently monetizing the value that it's adding.
”
”
Hendrith Vanlon Smith Jr.
“
Each of us has a finite reservoir of energy in any given day. Whatever amount of energy we spend obsessing about missteps we have made, decisions that do not go our way or the belief we have been treated unfairly is energy no longer available to add value in the world.
”
”
Tony Schwartz
“
In all my close friendships, words are the bricks I use to build bridges. To know someone I need to hear her, and to feel known, I need to be heard by her. The process of knowing and loving another person happens for me through conversation. I reveal something to help my friend understand me, she responds in a way that assures me she values my revelation, and then she adds something to help me understand her. This back-and-forth is repeated again and again as we go deeper into each other's hearts, minds, pasts, and dreams. Eventually, a friendship is built - a solid, sheltering structure that exists in the space between us - a space outside of ourselves that we can climb deep into. There is her, there is me, and then there is our friendship - this bridge we've built together.
”
”
Glennon Doyle Melton (Love Warrior)
“
It's just as great to be an employee as it is to be an entrepreneur. Great employees add immense value to businesses and therefore to markets and to economies. Being an employee is important.
”
”
Hendrith Vanlon Smith Jr.
“
With everything we do in business, it's important that we always consider the ecological implications. And if we're really doing things the Permaculture way, then it's not just about factoring in ecological cost, but better yet ensuring that business processes and outputs actually add value to ecological and natural systems.
”
”
Hendrith Vanlon Smith Jr.
“
A good business adds value not only to individual people, but also to systems and networks of people. A good business has a multiplicative value effect.
”
”
Hendrith Vanlon Smith Jr.
“
Our sole purpose on this earth is to add value to others. It doesn’t make sense to just exist in people's lives or to be a drain on them, does it?
”
”
Rob Liano
“
Telling someone something he does not understand is pointless, even if you add that he will not be able to understand it.
”
”
Ludwig Wittgenstein (Culture and Value)
“
Profit is good.
Profit motivates businesses to be:
(a) efficient - to do more with less, to consume fewer resources, to reduce and reuse waste.
(b) productive - to allow for bigger profit margins.
(c) Valuable - income, and therefore profit is only possible when we add value to our customers lives. When the value of our product or service is worth more to them than what it cost us to provide it, we profit.
”
”
Hendrith Vanlon Smith Jr.
“
Money is nothing more than a reflection of your creativity, your capacity to focus, and your ability to add value and receive back.
”
”
Anthony Robbins (MONEY Master the Game: 7 Simple Steps to Financial Freedom (Tony Robbins Financial Freedom))
“
If you wanna make money in business - great! The way to do that is to add value to other peoples lives. Solve their problems, meet their needs or fulfill their desires.
”
”
Hendrith Vanlon Smith Jr.
“
In business, its very important to do consistent market research. It's very important to understand your customers and potential customers. The more you understand them, the better you'll be able to add value to their lives, and the more they'll pay for that value.
At Mayflower-Plymouth, we're here to help your business thrive in this way.
”
”
Hendrith Vanlon Smith Jr. (The Wealth Reference Guide: An American Classic)
“
If we hope to become effective and successful in life, ministry, and especially marriage, we have to learn to be good managers. Stewardship means being accountable to God for every resource under our care. Effective managers do more than simply keep things running; they add value to everything they have responsibility over. Under a good manager, resources will appreciate in value.
”
”
Myles Munroe (The Purpose and Power of Love & Marriage)
“
If you’re a good person and you add a lot of value, you deserve to have a lot of money.
”
”
Hendrith Vanlon Smith Jr. (The Wealth Reference Guide: An American Classic)
“
Dream sets us on fire.
Dream gives us direction.
Dream betters our potential.
Dream helps us prioritize.
Dream adds value to our work and
life.
Dream colors our future.
”
”
Ifeanyi Enoch Onuoha
“
The way to stay in business is to keep solving problems and providing solutions to a considerable amount of people at the highest price point possible. And society is always evolving, so we should always keep looking out for new problems to solve and new kinds of solutions to provide and new ways to add value.
”
”
Hendrith Vanlon Smith Jr.
“
A critical test of any product: Does it have a purpose? Does it add value to the world? How will it improve the lives of the people who buy it?
”
”
Ryan Holiday (Perennial Seller: The Art of Making and Marketing Work that Lasts)
“
When your employees enjoy holistic health, your business is better able to add value and serve it's customers.
”
”
Hendrith Vanlon Smith Jr.
“
Always seek people who will add value to your life and bring out the best in you. And of course, be that person for others.
”
”
Hal Elrod (The Miracle Morning: The Not-So-Obvious Secret Guaranteed to Transform Your Life: Before 8AM)
“
You’ve come to this juncture in your life, merely because something in you kept saying, “You deserve to be happy.” You were born to add something, to add value to this world. To simply be something, bigger and better than you were yesterday.
”
”
Rhonda Byrne (The Secret)
“
None of us can ever know the value of our lives, or how our separate and silent scribbling may add to the amenity of the world, if only by how radically it changes us, one and by one.
”
”
Mary Karr (The Art of Memoir)
“
When we apply the principles of permaculture to business operations - we end up with more profitable businesses, more resilient businesses, and businesses that holistically add value to all stakeholders.
”
”
Hendrith Vanlon Smith Jr. (Business Essentials)
“
The way in which a man accepts his fate and all the suffering it entails, the way in which he takes up his cross, gives him ample opportunity -even under the most difficult circumstances- to add a deeper meaning to his life. It may remain brave, dignified and unselfish. Or in the bitter fight for self-preservation he may forget his human dignity and become no more than an animal. Here lies the chance for a man either to make use of or forgo the opportunities of attaining the moral values that a difficult situation may afford him. And this decides whether he is worthy of his sufferings or not.
”
”
Viktor E. Frankl (Man’s Search for Meaning)
“
You don’t really understand people until you hear their life story. If you know their stories, you grasp their history, their hurts, their hopes and aspirations. You put yourself in their shoes. And just by virtue of listening and remembering what’s important to them, you communicate that you care and desire to add value.
”
”
John C. Maxwell (Good Leaders Ask Great Questions: Your Foundation for Successful Leadership)
“
Jobs are really important — they help facilitate people's sense of self worth and their sense of value. We all like to feel like we add value and that our life has meaning. And having a job we love that pays well contributes to that.
”
”
Hendrith Vanlon Smith Jr.
“
In an age that seems to be increasingly dehumanized, when people can be transformed into non-persons, and where a great deal of our adult art seems to diminish our lives rather than add to them, children's literature insists on the values of humanity and humaneness.
”
”
Lloyd Alexander
“
Jealousy is like wasabe—a little can add excitement to your salmon sashimi but too much can make you cry and trigger facial contortions. I find it very flattering if someone is jealous of me. It is an affirmation that I am hot and spectacular. It is a confirmation of my value and importance. Yes, I am vain.
”
”
Jessica Zafra
“
It's good to celebrate the value your business adds. Every employee in the business should celebrate the value the business adds. What you celebrate, you give life to.
At Mayflower-Plymouth, we're here to help your business figure this out, and to provide holistic solutions.
”
”
Hendrith Vanlon Smith Jr.
“
In this modern era, Panama should be considering new ways to invest in and profit from global commerce, logistics and supply chains. It's not just about widening the canal, but widening the ways in which the nation can add value to and extract value from the movement of products and services globally.
”
”
Hendrith Vanlon Smith Jr.
“
Langan adds that being transparent also means opening up about how important someone is to you as a friend—making sure you are saying to them that you value their presence in your life. Don’t just occasionally think of your friend fondly. Tell them that your life would lose meaning if they disappeared from it. Tell them you love them. Tell them exactly why you want to hold on to this friendship and make it last for the long haul.
”
”
Aminatou Sow (Big Friendship: How We Keep Each Other Close)
“
The only verdict is vengeance; a vendetta, held as a votive not in vain, for the value and veracity of such shall one day vindicate the vigilant and the virtuous. Verily this vichyssoise of verbiage veers most verbose, so let me simply add that it’s my very good honour to meet you and you may call me V.
”
”
Alan Moore (V for Vendetta)
“
Profit is good.
Profit compells people to be:
(a) efficient - to do more with less, to consume fewer resources, to reduce and reuse waste.
(b) productive - to allow for bigger profit margins.
(c) Valuable - income, and therefore profit is only possible when we add value to our customers lives. When the value of our product or service is worth more to them than what it cost us to provide it, we profit.
And there’s no scarcity of possible profits. Every business should be profiting. When every business is profiting, that’s a lot of increased value going around.
”
”
Hendrith Vanlon Smith Jr.
“
Teaching people doesn’t subtract value from what you do, it actually adds to it. When you teach someone how to do your work, you are, in effect, generating more interest in your work. People feel closer to your work because you’re letting them in on what you know.
”
”
Austin Kleon (Show Your Work!: 10 Ways to Share Your Creativity and Get Discovered (Austin Kleon))
“
All of us are lonely at some point or another, no matter how many people surround us. And then, we meet someone who seems to understand. She smiles, and for a moment the loneliness disappears. Add to that the effects of physical desire-and the excitement you spoke of-and all good sense and judgement fall away. The Rabbi paused, then said, But love founded only on loneliness and desire will die out before long. A shared history, tradition and values will link two people more thoroughly than any physical act.
”
”
Helene Wecker (The Golem and the Jinni (The Golem and the Jinni, #1))
“
In this modern era, Panama should be considering new ways to invest in and profit from global commerce, logistics and supply chains. It's not just about widening the canal, but widening the ways in which the nation can add value to and extract value from the movement of products and services globally.
I'm a citizen of Panama just like I am of The US and The Bahamas. So I'd like to see Panama's evolution with this.
”
”
Hendrith Vanlon Smith Jr.
“
Be ruthless! Say no to everything that is either not essential or doesn’t add something of value to your life.
”
”
Dee Waldeck
“
As Consultants, we add immense value. With our insights, we are able to give quality guidance to companies, businesses, governments, organizations, municipalities, groups and individuals - and ultimately provide them with resources to help them make better choices. And with everyone making better choices, the world is a better place.
”
”
Hendrith Vanlon Smith Jr.
“
All reality is a game. Physics at its most fundamental, the very fabric of our universe, results directly from the interaction of certain fairly simple rules, and chance; the same description may be applied to the best, most elefant and both intellectually and aesthetically satisfying games. By being unknowable, by resulting from events which, at the sub-atomic level, cannot be fully predicted, the future remains makkeable, and retains the possibility of change, the hope of coming to prevail; victory, to use an unfashionable word. In this, the future is a game; time is one of the rules. Generally, all the best mechanistic games - those which can be played in any sense "perfectly", such as a grid, Prallian scope, 'nkraytle, chess, Farnic dimensions - can be traced to civilisations lacking a realistic view of the universe (let alone the reality). They are also, I might add, invariably pre-machine-sentience societies.
The very first-rank games acknowledge the element of chance, even if they rightly restrict raw luck. To attempt to construct a game on any other lines, no matter how complicated and subtle the rules are, and regardless of the scale and differentiation of the playing volume and the variety of the powers and attibutes of the pieces, is inevitably to schackle oneself to a conspectus which is not merely socially but techno-philosophically lagging several ages behind our own. As a historical exercise it might have some value, As a work of the intellect, it's just a waste of time. If you want to make something old-fashioned, why not build a wooden sailing boat, or a steam engine? They're just as complicated and demanding as a mechanistic game, and you'll keep fit at the same time.
”
”
Iain Banks (The Player of Games (Culture #2))
“
Every day, work harder on yourself than anything else. ‘Cause if you become more intelligent, more valuable, more skilled, you can add more value to other people.
”
”
Tony Robbins
“
Everyone deserves to have a good job that they love, that adds value to an economic ecosystem, and that pays a good salary.
”
”
Hendrith Vanlon Smith Jr.
“
How will people remember you when you are gone? And for how long until they forget? Were you selfish or selfless? A gossip or a patient listener? Did you add value to the world, or did you simply take from it? Did you add value to the lives of others, or did you take the value out of someone's life? Were you a plus or negative? Meaningful or meaningless? Do you live to take or live to give?
”
”
Suzy Kassem (Rise Up and Salute the Sun: The Writings of Suzy Kassem)
“
To put it baldly, there are two ways to become wealthy: to create wealth or to take wealth away from others. The former adds to society. The latter typically subtracts from it, for in the process of taking it away, wealth gets destroyed. A monopolist who overcharges for his product takes money from those whom he is overcharging and at the same time destroys value. To get his monopoly price, he has to restrict production.
”
”
Joseph E. Stiglitz (The Price of Inequality: How Today's Divided Society Endangers Our Future)
“
The argument has long been made that we humans are by nature compassionate and empathic despite the occasional streak of meanness, but torrents of bad news throughout history have contradicted that claim, and little sound science has backed it. But try this thought experiment. Imagine the number of opportunities people around the world today might have to commit an antisocial act, from rape or murder to simple rudeness and dishonesty. Make that number the bottom of a fraction. Now for the top value you put the number of such antisocial acts that will actually occur today.
That ratio of potential to enacted meanness holds at close to zero any day of the year. And if for the top value you put the number of benevolent acts performed in a given day, the ratio of kindness to cruelty will always be positive. (The news, however, comes to us as though that ratio was reversed.)
Harvard's Jerome Kagan proposes this mental exercise to make a simple point about human nature: the sum total of goodness vastly outweighs that of meanness. 'Although humans inherit a biological bias that permits them to feel anger, jealousy, selfishness and envy, and to be rude, aggressive or violent,' Kagan notes, 'they inherit an even stronger biological bias for kindness, compassion, cooperation, love and nurture – especially toward those in need.' This inbuilt ethical sense, he adds, 'is a biological feature of our species.
”
”
Daniel Goleman (Social Intelligence: The New Science of Human Relationships)
“
Victor didn’t entirely understand my love for Rory, but he couldn’t disagree that Rory was probably the best raccoon corpse that anyone had ever loved. Rory’s tiny arms perpetually reached out as if to say, “OHMYGOD, YOU ARE MY FAVORITE. PERSON. EVER. PLEASE LET ME CHEW YOUR FACE OFF WITH MY LOVE.” Whenever I’d accomplished a particularly impossible goal (like remembering to refill my ADD meds even though I have ADD and was out of ADD meds) Rory was always there, eternally offering supportive high fives because he understood the value of celebrating the small victories.
”
”
Jenny Lawson (Furiously Happy: A Funny Book About Horrible Things)
“
And as an artist, as someone who writes stories and tries to make words into beautiful forms, it's vitally important to me, especially in a culture that's forgotten the value of beauty. It's a primary source or inspiration, I guess, when so much of what goes on around you is only about money and big swinging dick capitalism. It's important for blokes to be able to do beautiful stuff, impractical stuff, that adds to life. That's an early life-lesson from surfing.
”
”
Tim Winton
“
Our approach to consulting is to be more like educators. For us, it's not only about selling the transfer of knowledge... It's also about teaching and equipping businesses to utilize resources and evolve into the better version of themselves so that they can add more value in the world. Our goal is to help businesses to be more capable of adding value.
”
”
Hendrith Vanlon Smith Jr.
“
But if all maximizing models are really arguing is that “people will always seek to maximize something,” then they obviously can’t predict anything, which means employing them can hardly be said to make anthropology more scientific. All they really add to analysis is a set of assumptions about human nature. The assumption, most of all, that no one ever does anything primarily out of concern for others; that whatever one does, one is only trying to get something out of it for oneself. In common English, there is a word for this attitude. It’s called “cynicism.” Most of us try to avoid people who take it too much to heart. In economics, apparently, they call it “science.
”
”
David Graeber (Toward An Anthropological Theory of Value: The False Coin of Our Own Dreams)
“
I do not want to be relieved from any obligation,' said he, goaded by her calm manner. 'Fancied, or not fancied - I question not myself to know which - I choose to believe that I owe my very life to you - ay - smile, and think it an exaggeration if you will. I believe it, because it adds a value to that life to think - oh, Miss Hale!' continued he, lowering his voice to such a tender intensity of passion that she shivered and trembled before him, 'to think circumstance so wrought, that whenever I exult in existence henceforward, I may say to myself, "All this gladness in life, all honest pride in doing my work in the world, all this keen sense of being, I owe to her!" And it doubles the gladness, it makes the pride glow, it sharpens the sense of existence till I hardly know if it is pain or pleasure, to think that I owe it to one - nay, you must, you shall hear' - said he, stepping forwards with stern determination - 'to one whom I love, as I do not believe man ever loved woman before.
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Elizabeth Gaskell (North and South)
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When you consistently make better choices you create better habits. These better habits produce better character. When you have better character, you add more value to the world. When you become more valuable, you attract bigger and better opportunities. This allows you to make more of a contribution in your life. This in turn leads to bigger and better results.
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Jack Canfield (The Power Of Focus)
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When a business is experiencing dysfunction, it often times has a lot to do with internal processes and internal systems. And when we put in place new internal processes and new internal systems based on clear objectives and a clear value-add strategy, the business transitions from dysfunction to effectiveness.
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Hendrith Vanlon Smith Jr.
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If education really educates, there will, in time, be more and more citizens who understand that relics of the old West add meaning and value to the new. Youth yet unborn will pole up the Missouri with Lewis and Clark, or climb the Sierras with James Capen Adams, and each generation in turn will ask: Where is the big white bear? It will be a sorry answer to say he went under while conservationists weren't looking.
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Aldo Leopold (A Sand County Almanac and Sketches Here and There)
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Even a moment's reflection will help you see that the problem of using your time well is not a problem of the mind but of the heart. It will only yield to a change in the very way we feel about time. The value of time must change for us. And then the way we think about it will change, naturally and wisely.
That change in feeling and in thinking is combined in the words of a prophet of God in this dispensation. It was Brigham Young, and the year was 1877, and he was speaking at April general conference. He wasn't talking about time or schedules or frustrations with too many demands upon us. Rather, he was trying to teach the members of the Church how to unite themselves in what was called the united order. The Saints were grappling with the question of how property should be distributed if they were to live the celestial law. In his usual direct style, he taught the people that they were having trouble finding solutions because they misunderstood the problem. Particularly, he told them they didn't understand either property or the distribution of wealth. Here is what he said:
With regard to our property, as I have told you many times, the property which we inherit from our Heavenly Father is our time, and the power to choose in the disposition of the same. This is the real capital that is bequeathed unto us by our Heavenly Father; all the rest is what he may be pleased to add unto us. To direct, to counsel and to advise in the disposition of our time, pertains to our calling as God's servants, according to the wisdom which he has given and will continue to give unto us as we seek it. [JD 18:354]
Time is the property we inherit from God, along with the power to choose what we will do with it. President Young calls the gift of life, which is time and the power to dispose of it, so great an inheritance that we should feel it is our capital. The early Yankee families in America taught their children and grandchildren some rules about an inheritance. They were always to invest the capital they inherited and live only on part of the earnings. One rule was "Never spend your capital." And those families had confidence the rule would be followed because of an attitude of responsibility toward those who would follow in later generations. It didn't always work, but the hope was that inherited wealth would be felt a trust so important that no descendent would put pleasure ahead of obligation to those who would follow. Now, I can see and hear Brigham Young, who was as flinty a New Englander as the Adams or the Cabots ever hoped to be, as if he were leaning over this pulpit tonight. He would say something like this, with a directness and power I wish I could approach: "Your inheritance is time. It is capital far more precious than any lands or stocks or houses you will ever get. Spend it foolishly, and you will bankrupt yourself and cheapen the inheritance of those that follow you. Invest it wisely, and you will bless generations to come.
“A Child of Promise”, BYU Speeches, 4 May 1986
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Henry B. Eyring
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Rosen explains as follows: “Hearing a succession of mediocre singers does not add up to a single outstanding performance.” In other words, talent is not a commodity you can buy in bulk and combine to reach the needed levels: There’s a premium to being the best. Therefore, if you’re in a marketplace where the consumer has access to all performers, and everyone’s q value is clear, the consumer will choose the very best.
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Cal Newport (Deep Work: Rules for Focused Success in a Distracted World)
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Nerds are used to transparency. They add value by becoming expert at a technical skill like computer programming. In engineering disciplines, a solution either works or it fails. You can evaluate someone else’s work with relative ease, as surface appearances don’t matter much. Sales is the opposite: an orchestrated campaign to change surface appearances without changing the underlying reality. This strikes engineers as trivial if not fundamentally dishonest. They know their own jobs are hard, so when they look at salespeople laughing on the phone with a customer or going to two-hour lunches, they suspect that no real work is being done. If anything, people overestimate the relative difficulty of science and engineering, because the challenges of those fields are obvious. What nerds miss is that it takes hard work to make sales look easy. SALES
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Peter Thiel (Zero to One: Notes on Startups, or How to Build the Future)
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People always, always talk about confidence, it’s supposed to be such an attractive thing. I wonder why though, why is it supposed to be such an attractive thing? When confidence hides so many other things that are so much more beautiful! When you think of being confident, you think of tucking away all those other things that you consider to be nuisances; but those nuisances make up whom you are! And those nuisances are beautiful. They are beautiful and they are you and they’re always going to be there, even when you try to cover them up! So what happens when they all come out one day? Are you going to feel like less of a person? Are the people who are supposed to love you, going to see you as less of a person? I say that it’s not about going out into the world and putting on a certain face— it’s just about going out into the world. I’ve gone out into the world! And I don’t put on that face! Or any other face, as a matter of fact! I don’t want to hide the way I play with my hair to feel more secure or the way I laugh at all the wrong times. I don’t want to hide those things because those things are a part of me. And I can still go out into the world— and all alone, too! I know so, because I’ve actually done it! So more important than confidence— is serenity and acceptance. The serenity comes from having a deep acceptance of all those little things about you that add up like the trillions of molecules and atoms you are made up of! And that’s just beautiful. Being beautiful is something rooted and strong; being confident is just a matter of putting on something that isn’t even a real part of you. Falling in love with the molecules that make up your essence is so much more attractive. And maybe that’s what confidence really means— the acceptance and belief in every single atom that you are.
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C. JoyBell C.
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It is worth recalling here that the injudicious use of rewards and praise can be pressure tactics no less than verbal or physical coercion. As we have seen, there are three dangers with motivating by means of reward and praise. First, they feed the anxiety that not the person but the desired achievement is what is valued by the parent. They directly reinforce the insecurity of the ADD child. Second, since children can sense the parents’ will pushing them, even if under benign disguises such as gifts or warm words, counterwill will be strengthened. Third, praise and reward will themselves become the goal, at the expense of the child’s interest in the actual process of what he is doing. Children thus motivated will sooner or later learn to get by with the least amount of effort necessary to earn the praise or the reward. Short cuts and cheating often follow. Accepting
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Gabor Maté (Scattered: How Attention Deficit Disorder Originates and What You Can Do About It)
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As I have earlier noted, the most important things in life and in business can’t be measured. The trite bromide 'If you can measure it, you can manage it' has been a hindrance in the building a great real-world organization, just as it has been a hindrance in evaluating the real-world economy. It is character, not numbers, that make the world go ‘round. How can we possibly measure the qualities of human existence that give our lives and careers meaning? How about grace, kindness, and integrity? What value do we put on passion, devotion, and trust? How much do cheerfulness, the lilt of a human voice, and a touch of pride add to our lives? Tell me, please, if you can, how to value friendship, cooperation, dedication, and spirit. Categorically, the firm that ignores the intangible qualities that the human beings who are our colleagues bring to their careers will never build a great workforce or a great organization.
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John C. Bogle (Enough: True Measures of Money, Business, and Life)
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We know the value of the things for which we suffer. In this modern day and age, things and people are not actually losing value; but it is the knowledge of the value that is lost. Because in this day and age, everyone wants something that is easy. The easier, the better. And therefore all value is lost, and lost from all things that exist for which one has not toiled or suffered to some degree. All things valuable are worth suffering for. And indeed, the same thing can be multiplied in value, when you add your blood to it through suffering for it.
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C. JoyBell C.
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It was a still night, tinted with the promise of dawn. A crescent moon was just setting. Ankh-Morpork, largest city in the lands around the Circle Sea, slept.
That statement is not really true On the one hand, those parts of the city which normally concerned themselves with, for example, selling vegetables, shoeing horses, carving exquisite small jade ornaments, changing money and making tables, on the whole, slept. Unless they had insomnia. Or had got up in the night, as it might be, to go to the lavatory. On the other hand, many of the less law-abiding citizens were wide awake and, for instance, climbing through windows that didn’t belong to them, slitting throats, mugging one another, listening to loud music in smoky cellars and generally having a lot more fun. But most of the animals were asleep, except for the rats. And the bats, too, of course. As far as the insects were concerned…
The point is that descriptive writing is very rarely entirely accurate and during the reign of Olaf Quimby II as Patrician of Ankh some legislation was passed in a determined attempt to put a stop to this sort of thing and introduce some honesty into reporting. Thus, if a legend said of a notable hero that “all men spoke of his prowess” any bard who valued his life would add hastily “except for a couple of people in his home village who thought he was a liar, and quite a lot of other people who had never really heard of him.” Poetic simile was strictly limited to statements like “his mighty steed was as fleet as the wind on a fairly calm day, say about Force Three,” and any loose talk about a beloved having a face that launched a thousand ships would have to be backed by evidence that the object of desire did indeed look like a bottle of champagne.
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Terry Pratchett (The Light Fantastic (Discworld, #2; Rincewind, #2))
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The way in which a man accepts his fate and all the suffering it entails, the way in which he takes up his cross, gives him ample opportunity—even under the most diffcult circumstances—to add a deeper meaning to his life. It may remain brave, dignified and unselfish. Or in the bitter fight for self-preservation he may forget his human dignity and become no more than an animal. Here lies the chance for a man either to make use of or to forgo the opportunities of attaining the moral values that a diffcult situation may afford him. And this decides whether he is worthy of his sufferings or not.
A human being is not one thing among others; things determine each other, but man is ultimately self-determining. What he becomes—within the limits of endowment and environment—he has made out of himself. In the concentration camps, for example, in this living laboratory and on this testing ground, we watched and witnessed some of our comrades behave like swine while others behaved like saints. Man has both potentialities within himself; which one is actualized depends on decisions but not on conditions.
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Viktor E. Frankl (Man’s Search for Meaning)
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Immediately after discussing the Spirit-filled life, Paul turns to the subject of marriage, showing the tight connection between marriage and the life in the Spirit. And this connection teaches us two things. First, the picture of marriage given here is not of two needy people, unsure of their own value and purpose, finding their significance and meaning in one another’s arms. If you add two vacuums to each other, you only get a bigger and stronger vacuum, a giant sucking sound. Rather, Paul assumes that each spouse already has settled the big questions of life—why they were made by God and who they are in Christ.
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Timothy J. Keller (The Meaning of Marriage: Facing the Complexities of Commitment with the Wisdom of God)
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Dawes observed that the complex statistical algorithm adds little or no value. One can do just as well by selecting a set of scores that have some validity for predicting the outcome and adjusting the values to make them comparable (by using standard scores or ranks). A formula that combines these predictors with equal weights is likely to be just as accurate in predicting new cases as the multiple-regression formula that was optimal in the original sample. More recent research went further: formulas that assign equal weights to all the predictors are often superior, because they are not affected by accidents of sampling.
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Daniel Kahneman (Thinking, Fast and Slow)
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Why am I telling you this?" he went on. "A secret's only a secret as long as you keep it. Once you tell someone it loses all its power--for good or for ill--like that, it's just another piece of information. But a real mystery can't be solved, not completely. It's always just out of reach, like a light around the corner; you might catch a glimpse of what it reveals, feel its warmth, but you can't know the heart of it, not really. That's what gives it value: It can't be cracked, it's bigger than you and me, bigger than everything we know. Those tight-ass suits can keep their secrets, they don't add up to anything. This deep in the game, pal, I'll take mystery every time.
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Mark Frost (The Secret History of Twin Peaks)
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Six Telltale Signs of a Winning Strategy
1) An activity system that looks different from any competitor's system. It means you are tempting to deliver value in a distinctive way.
2) Customers who absolutely adore you, and noncustomers who can't see why anybody would buy from you. This means you have been choiceful.
3) Competitors who make a good profit doing what they are doing. It means your strategy has left where-to-play and how-to-win choices for competitors, who don't need to attack the heart of your market to survive.
4) More resources to spend on an ongoing basis than competitors have. This means you are winning the value equation and have the biggest margin between price and costs and best capacity to add spending to take advantage of an opportunity to defend your turf.
5) Competitors who attack one another, not you. It means that you look like the hardest target in the (broadly defined) industry to attack.
6) Customers who look first to you for innovations, new products, and service enhancement to make their lives better. This means that your customers believe that you are uniquely positioned to create value for them.
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A.G. Lafley (Playing to Win: How Strategy Really Works)
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The most effective way to prevent what’s bad is to promote what’s good. The best way to influence behavior is not to control and regulate, but to inspire and motivate. You get more for your efforts when they’re applied in a positive direction. Instead of fighting against what you dislike, work to build and support what you value and desire. The answer to despair is not to despise it, for that only adds to it. The answer is to overwhelm it with goodness and love. Focus your attention and energy on what works, and make more of it. Celebrate what is good and right, useful and valuable, and allow it to grow. Nurture, promote and support what you love about life. Delight in the good things, and give the power of your joy to them. Be a positive force by acting with positive purpose. Give your awareness and energy to the good side of life, and make it stronger than ever.
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Ralph S. Marston Jr.
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Take the example of our spinner. We have seen that, to daily reproduce his labouring power, he must daily reproduce a value of three shillings, which he will do by working six hours daily. But this does not disable him from working ten or twelve or more hours a day. But by paying the daily or weekly value of the spinner's labouring power the capitalist has acquired the right of using that labouring power during the whole day or week. He will, therefore, make him work say, daily, twelve hours. Over and above the six hours required to replace his wages, or the value of his labouring power, he will, therefore, have to work six other hours, which I shall call hours of surplus labour, which surplus labour will realize itself in a surplus value and a surplus produce. If our spinner, for example, by his daily labour of six hours, added three shillings' value to the cotton, a value forming an exact equivalent to his wages, he will, in twelce hours, add six shillings' worth to the cotton, and produce a proportional surplus of yarn. As he has sold his labouring power to the capitalist, the whole value of produce created by him belongs to the capitalist, the owner pro tem. of his labouring power. By advancing three shillings, the capitalist will, therefore, realize a value of six shillings, because, advancing a value in which six hours of labour are crystallized. By repeating this same process daily, the capitalist will daily advance three shillings and daily pocket six shillings, one half of which will go to pay wages anew, and the other half of which will form surplus value, for which the capitalist pays no equivalent. It is this sort of exchange between capital and labour upon which capitalistic production, or the wages system, is founded, and which must constantly result in reproducing the working man as a working man, and the capitalist as a capitalist.
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Karl Marx (Wage-Labour and Capital & Value, Price and Profit)
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An active life serves the purpose of giving man the opportunity to realize values in creative work, while a passive life of enjoyment affords him the opportunity to obtain fulfillment in experiencing beauty, art, or nature. But there is also purpose in that life which is almost barren of both creation and enjoyment which admits of but one possibility of high moral behavior: namely, in man's attitude to his existence, an existence restricted by external forces. A creative life and a life of enjoyment are banned to him. But not only creativeness and enjoyment are meaningful. If there is a meaning in life at all, then there must be a meaning in suffering. Suffering is an ineradicable part of life, even as fate and death. Without suffering and death human life cannot be complete.
The way in which a man accepts his fate and all the suffering it entails, the way in which he takes up his cross, gives him ample opportunity-even under the most difficult circumstances- to add a deeper meaning to his life. It may remain brave, dignified, and unselfish. Or in the bitter fight for self-preservation he may forget his human dignity and become no more than an animal. Here lies the chance for a man either to make use of or to forgo the opportunities of attaining the moral values that a difficult situation may afford him. And this decides whether he is worthy of his sufferings or not.
Do not think that these considerations are unworldly and too far removed from real life. It is true that only a few people are capable of reaching such high moral standards. Of the prisoners only a few kept their full inner liberty and obtained those values which their suffering afforded, but even one such example is sufficient proof that man's inner strength may raise him above his outward fate. Such men are not only in concentration camps. Everywhere man is confronted with fate, with the chance of achieving something through his own suffering.
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Viktor E. Frankl (Man’s Search for Meaning)
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In every interview I’m asked what’s the most important quality a novelist has to have. It’s pretty obvious: talent. Now matter how much enthusiasm and effort you put into writing, if you totally lack literary talent you can forget about being a novelist. This is more of a prerequisite than a necessary quality. If you don’t have any fuel, even the best car won’t run.The problem with talent, though, is that in most cases the person involved can’t control its amount or quality. You might find the amount isn’t enough and you want to increase it, or you might try to be frugal and make it last longer, but in neither case do things work out that easily. Talent has a mind of its own and wells up when it wants to, and once it dries up, that’s it. Of course, certain poets and rock singers whose genius went out in a blaze of glory—people like Schubert and Mozart, whose dramatic early deaths turned them into legends—have a certain appeal, but for the vast majority of us this isn’t the model we follow.
If I’m asked what the next most important quality is for a novelist, that’s easy too: focus—the ability to concentrate all your limited talents on whatever’s critical at the moment. Without that you can’t accomplish anything of value, while, if you can focus effectively, you’ll be able to compensate for an erratic talent or even a shortage of it. I generally concentrate on work for three or four hours every morning. I sit at my desk and focus totally on what I’m writing. I don’t see anything else, I don’t think about anything else.
…
After focus, the next most important thing for a novelist is, hands down, endurance. If you concentrate on writing three or four hours a day and feel tired after a week of this, you’re not going to be able to write a long work. What’s needed of the writer of fiction—at least one who hopes to write a novel—is the energy to focus every day for half a year, or a year, or two years.
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Fortunately, these two disciplines—focus and endurance—are different from talent, since they can be acquired and sharpened through training. You’ll naturally learn both concentration and endurance when you sit down every day at your desk and train yourself to focus on one point. This is a lot like the training of muscles I wrote of a moment ago. You have to continually transmit the object of your focus to your entire body, and make sure it thoroughly assimilates the information necessary for you to write every single day and concentrate on the work at hand. And gradually you’ll expand the limits of what you’re able to do. Almost imperceptibly you’ll make the bar rise. This involves the same process as jogging every day to strengthen your muscles and develop a runner’s physique. Add a stimulus and keep it up. And repeat. Patience is a must in this process, but I guarantee results will come.
In private correspondence the great mystery writer Raymond Chandler once confessed that even if he didn’t write anything, he made sure he sat down at his desk every single day and concentrated. I understand the purpose behind his doing this. This is the way Chandler gave himself the physical stamina a professional writer needs, quietly strengthening his willpower. This sort of daily training was indispensable to him.
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Most of what I know about writing I’ve learned through running every day. These are practical, physical lessons. How much can I push myself? How much rest is appropriate—and how much is too much? How far can I take something and still keep it decent and consistent? When does it become narrow-minded and inflexible? How much should I be aware of the world outside, and how much should I focus on my inner world? To what extent should I be confident in my abilities, and when should I start doubting myself? I know that if I hadn’t become a long-distance runner when I became a novelist, my work would have been vastly different. How different? Hard to say. But something would definitely have been different.
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Haruki Murakami (What I Talk About When I Talk About Running)
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Patriotism,” said Lymond, “like honesty is a luxury with a very high face value which is quickly pricing itself out of the spiritual market altogether.
[...] It is an emotion as well, and of course the emotion comes first. A child’s home and the ways of its life are sacrosanct, perfect, inviolate to the child. Add age; add security; add experience. In time we all admit our relatives and our neighbours, our fellow townsmen and even, perhaps, at last our fellow nationals to the threshold of tolerance. But the man living one inch beyond the boundary is an inveterate foe.
[...] Patriotism is a fine hothouse for maggots. It breeds intolerance; it forces a spindle-legged, spurious riot of colour.… A man of only moderate powers enjoys the special sanction of purpose, the sense of ceremony; the echo of mysterious, lost and royal things; a trace of the broad, plain childish virtues of myth and legend and ballad. He wants advancement—what simpler way is there? He’s tired of the little seasons and looks for movement and change and an edge of peril and excitement; he enjoys the flowering of small talents lost in the dry courses of daily life. For all these reasons, men at least once in their lives move the finger which will take them to battle for their country.…
“Patriotism,” said Lymond again. “It’s an opulent word, a mighty key to a royal Cloud-Cuckoo-Land. Patriotism; loyalty; a true conviction that of all the troubled and striving world, the soil of one’s fathers is noblest and best. A celestial competition for the best breed of man; a vehicle for shedding boredom and exercising surplus power or surplus talents or surplus money; an immature and bigoted intolerance which becomes the coin of barter in the markets of power—
[...] These are not patriots but martyrs, dying in cheerful self-interest as the Christians died in the pleasant conviction of grace, leaving their example by chance to brood beneath the water and rise, miraculously, to refresh the centuries. The cry is raised: Our land is glorious under the sun. I have a need to believe it, they say. It is a virtue to believe it; and therefore I shall wring from this unassuming clod a passion and a power and a selflessness that otherwise would be laid unquickened in the grave.
[...] “And who shall say they are wrong?” said Lymond. “There are those who will always cleave to the living country, and who with their uprooted imaginations might well make of it an instrument for good. Is it quite beyond us in this land? Is there no one will take up this priceless thing and say, Here is a nation, with such a soul; with such talents; with these failings and this native worth? In what fashion can this one people be brought to live in full vigour and serenity, and who, in their compassion and wisdom, will take it and lead it into the path?
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Dorothy Dunnett (The Game of Kings (The Lymond Chronicles, #1))
“
The “German problem” after 1970 became how to keep up with the Germans in terms of efficiency and productivity. One way, as above, was to serially devalue, but that was beginning to hurt. The other way was to tie your currency to the deutsche mark and thereby make your price and inflation rate the same as the Germans, which it turned out would also hurt, but in a different way.
The problem with keeping up with the Germans is that German industrial exports have the lowest price elasticities in the world. In plain English, Germany makes really great stuff that everyone wants and will pay more for in comparison to all the alternatives. So when you tie your currency to the deutsche mark, you are making a one-way bet that your industry can be as competitive as the Germans in terms of quality and price. That would be difficult enough if the deutsche mark hadn’t been undervalued for most of the postwar period and both German labor costs and inflation rates were lower than average, but unfortunately for everyone else, they were. That gave the German economy the advantage in producing less-than-great stuff too, thereby undercutting competitors in products lower down, as well as higher up the value-added chain. Add to this contemporary German wages, which have seen real declines over the 2000s, and you have an economy that is extremely hard to keep up with. On the other side of this one-way bet were the financial markets. They looked at less dynamic economies, such as the United Kingdom and Italy, that were tying themselves to the deutsche mark and saw a way to make money.
The only way to maintain a currency peg is to either defend it with foreign exchange reserves or deflate your wages and prices to accommodate it. To defend a peg you need lots of foreign currency so that when your currency loses value (as it will if you are trying to keep up with the Germans), you can sell your foreign currency reserves and buy back your own currency to maintain the desired rate. But if the markets can figure out how much foreign currency you have in reserve, they can bet against you, force a devaluation of your currency, and pocket the difference between the peg and the new market value in a short sale.
George Soros (and a lot of other hedge funds) famously did this to the European Exchange Rate Mechanism in 1992, blowing the United Kingdom and Italy out of the system. Soros could do this because he knew that there was no way the United Kingdom or Italy could be as competitive as Germany without serious price deflation to increase cost competitiveness, and that there would be only so much deflation and unemployment these countries could take before they either ran out of foreign exchange reserves or lost the next election. Indeed, the European Exchange Rate Mechanism was sometimes referred to as the European “Eternal Recession Mechanism,” such was its deflationary impact. In short, attempts to maintain an anti-inflationary currency peg fail because they are not credible on the following point: you cannot run a gold standard (where the only way to adjust is through internal deflation) in a democracy.
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Mark Blyth (Austerity: The History of a Dangerous Idea)