JP Morgan’s Guaranteed Formula for Success
Here’s a little story for your consideration:
One day, a man approached JP Morgan, held up an envelope, and said, “Sir, in my hand I hold a guaranteed formula for success, which I will gladly sell to you for $25,000.”
“Sir,” JP Morgan replied, “I do not know what is in the envelope. However, if you show me and I like it, I give you my word as a gentleman that I will pay you what you ask.”
The man agreed to the terms and handed over the envelope. JP Morgan opened it, and extracted a single sheet of paper. He gave it one look and handed the piece of paper back to the gent, pulled out his checkbook, and paid the man the agreed-upon $25,000.
The paper read:
- Every morning, write a list of the things that need to be done that day.
- Do them.
(Source unknown; found in a PDF of quotes compiled by Tom Peters.)
Like this post? Join over 23,000 readers and subscribe to the Personal MBA newsletter now. You'll receive business book summaries and practical training - absolutely free!
TweetRecent Posts on PersonalMBA.com
- Personal MBA Survey - Do You Have a Minute?
- 2012 Personal MBA Reading List Update
- Real Artists Ship
- Uncertainty - Jonathan Fields
- End Malaria - Creating a Personal Masterplan
- What Must an Educated Person Know?
- New York Times - 7 Tools to Manage Social Media Overload
- Permanent Portfolio Investing Strategy
- Fail Safe Investing - Harry Browne
- Read This Before Our Next Meeting - Al Pittampalli
