“China's main comparative advantage for the past couple of decades has been cheap labour. What if we move to a world where, because robots are so cheap… cheap labour doesn't really matter anymore? What will be China's main comparative advantage after that?”
— Louis-Vincent Gave
Founder of Gavekal Research & Investment Strategist

The quote archive

Business

A growing archive of 3,000+ moments, drawn from every interview.

As the great baseball star Earl Weaver once said, 'Nobody likes to hear it, because it's dull, but the reason you win or lose is darn near always the same – pitching.'

— Not specified

You are NOT a machine: There's a reason that presentations are often called 'death by PowerPoint,' and many of the most masterful presentations don't even need slides… More than anything, you need to realise that first and foremost, you're a storyteller – and in any pitch, you have to engage the emotions and interest of your audience.

— Not specified

The most successful teams are the ones who present with authenticity and passion. You could have the next cancer cure, but unless your audience believes in you, they won't invest in you.

— Not specified

When I've asked them about what drew them into a particular investment, the answer is unanimous – the people. When I reflect back on business I've invested in, and the hundreds of investor pitches I've seen?… the answer is the same – and often I've invested in the 'weaker' idea because of the people, and dismissed the 'better' idea for the same reason.

— Not specified

I made a principled decision that none of my wealth will be passed on as inheritance, that my capital will work for philanthropic causes. In other words, philanthropy is the reason I make money.

— Vladimir Potanin

Russian Oligarch & Owner of Norilsk Nickel Mining Company

there are no good musicians who do not have a good ear, no artists without a great imagination, no writers without an excellent command of the language. The same goes for our trade. It is not enough to know how to use a calculator or build sound financial models. You need to have vision. You should look at a business process as if it were a living thing; you need to sense its music.

— Vladimir Potanin

Russian Oligarch & Owner of Norilsk Nickel Mining Company

Winning is good, losing is bad! If you're winning, you can give back — to your family, institutions of your choice, and your local communities. If you're losing, your pockets are empty.

— Jack Welch

Former CEO of General Electric; Pioneered "Jack Welch Management" Techniques

Growth is like an elixir. It's exciting, it creates more and more growth, and it's a helluva lot of fun. Business is fun, it's a game. You're playing against others, and you want to win!

— Jack Welch

Former CEO of General Electric; Pioneered "Jack Welch Management" Techniques

Establishing a culture of truth and trust is absolutely critical to being a great leader, and that takes effort and energy every day. You have to ceaselessly reach for truth and trust every day, and you have to be relentless in your pursuit of trust, and show your people that you have their back.

— Jack Welch

Former CEO of General Electric; Pioneered "Jack Welch Management" Techniques

You must surround yourself with great people, and as you grow, never forget the generosity gene. Building a great team is what this business game is all about. The team with the best players working together wins.

— Jack Welch

Former CEO of General Electric; Pioneered "Jack Welch Management" Techniques

Your corporate's social responsibility is to win. You cannot be generous from an empty wagon! This nonsense about giving when you're broke is ridiculous. Corporate responsibility, first and foremost, is to win. You can then take those resources from winning and allocate them as you see fit.

— Jack Welch

Former CEO of General Electric; Pioneered "Jack Welch Management" Techniques

In my experience, great advisors are the ones who give you the scaffolding to observe your gut-instinct from every angle and arrive at decisions which allow you to flourish.

— Not specified

There is no such thing as true-altruism (even philanthropists get something out of giving!). What is this individuals' payoff from working with you?

— Not specified

Much like whiskey, advice is best when it's of a high-quality, with provenance, and in short amounts. Have too much? And you're likely to be on the floor unable to make any good decisions.

— Not specified

The sleep revolution is finally hitting the workplace. The business world is waking up to the high cost of sleep deprivation on productivity, health care, and ultimately the bottom line. I expect the nap room to soon become as universal as the conference room.

— Arianna Huffington

Co-Founder of The Huffington Post & Wellness Advocate

Sleep became not just devalued but actively scorned. After all, every hour spent sleeping was another hour spent not working—therefore another wasted hour.

— Arianna Huffington

Co-Founder of The Huffington Post & Wellness Advocate