Quotes by T. B. Ray

“(BDO) October 22: The Dollar Squeeze A debt is a short cash position”

“cram them full of [b]non-combustible[/b] data, chock them so damned full of 'facts' they feel stuffed, but absolutely 'brilliant' with information. [br]then they'll [b]feel they're thinking[/b], they'll get a [i]sense[/i] of motion without moving. [...] [br]don't give them any [b]slippery[/b] stuff like philosophy or sociology to tie things up with. that way lies [b]melancholy[/b].””

“9.1 Understand that you and the people you manage will go through a process of personal evolution. a. Recognize that personal evolution should be relatively rapid and a natural consequence of discovering one’s strengths and weaknesses; as a result, career paths are not planned at the outset. b. Understand that training guides the process of personal evolution. c. Teach your people to fish rather than give them fish, even if that means letting them make some mistakes. d. Recognize that experience creates internalized learning that book learning can’t replace.””

“3.2 Practice radical open-mindedness. a. Sincerely believe that you might not know the best possible path and recognize that your ability to deal well with “not knowing” is more important than whatever it is you do know. b. Recognize that decision making is a two-step process: First take in all the relevant information, then decide. c. Don’t worry about looking good; worry about achieving your goal. d. Realize that you can’t put out without taking in. e. Recognize that to gain the perspective that comes from seeing things through another’s eyes, you must suspend judgment for a time”

“2.4 Design a plan. a. Go back before you go forward. b. Think about your problem as a set of outcomes produced by a machine. c. Remember that there are typically many paths to achieving your goals. d. Think of your plan as being like a movie script in that you visualize who will do what through time. e. Write down your plan for everyone to see and to measure your progress against. f. Recognize that it doesn’t take a lot of time to design a good plan.””

“If you choose to push through this often painful process of personal evolution, you will naturally “ascend” to higher and higher levels. As you climb above the blizzard of things that surrounds you, you will realize that they seem bigger than they really are when you are seeing them up close; that most things in life are just “another one of those.” The higher you ascend, the more effective you become at working with reality to shape outcomes toward your goals. What once seemed impossibly complex becomes simple. a. Go to the pain rather than avoid it. If you don’t let up on yourself and instead become comfortable always operating with some level of pain, you will evolve at a faster pace. That’s just the way it is. Every time you confront something painful, you are at a potentially important juncture in your life”

“a. If you ask someone a question, they will probably give you an answer, so think through to whom you should address your questions. I regularly see people ask totally uninformed or nonbelievable people questions and get answers that they believe. This is often worse than having no answers at all. Don't make that mistake. You need to think through who the right people are. If you're in doubt about someone's believablilty, find out. The same is true for you: If someone asks you a question, think first whether you're the right person to answer it. If you're not believable, you probably shouldn't have an opinion about what they're asking, let alone share it. Be sure to direct your comments or questions to the believable Responsible Party or Parties for the issues you want to discuss. Feel free to include others if you think that their input is relevant, while recognizing that the decision will ultimately rest with whoever is responsible for it. b. Having everyone randomly probe everyone else is an unproductive waste of time. For heaven's sake don't bother directing your questions to people who aren't responsible or, worse still, throw your questions out there without directing them at all. p379””