Lessons in poverty: Value action
When I was very young people very close to me made promises about taking me out on the town or spending time with me and many times would fail to keep their promises. Unfortunatly this is the side-effect of people who struggle with demons. Its difficult for them to keep their word even though they really want to.
Growing up we had a common saying “my word is my bond.” What does a stock broker in London have in common with poor people growing up in poverty? Both environments are filled with people trying to make a buck and who are often willing to destroy others to do it. So a person who gives his word and follows through in action is highly valued.
I don’t care about how much money a person has, or what family they grew up in if they fail to keep their word. If the words they speak fail to match their actions, they are bankrupt and not worth investing in. I’d prefer to work with a man rich in character and poor in cash any day.
July 13th, 2007 at 12:11 pm
[...] There is a real economic value to having managers and staff with moral character. There is also a real economic risk and cost of not being careful of who you hire. In business, if you want to ad another few percentage points to your profit margins, make sure your hires are qualified, but also make sure they are individuals of moral character. In business, character matters. I don’t care about how much money a person has, or what family they grew up in if they fail to keep their word. If the words they speak fail to match their actions, they are bankrupt and not worth investing in. I’d prefer to work with a man rich in character and poor in cash any day. [...]