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August 30, 2011

John Hawkins interviews Mark Steyn about Steyn's new book


Steyn quotes a great bit of Milton Friedman's wisdom that I hadn't heard before:

Rather than elect the right people to do the right things create the broader political conditions whereby the wrong people are forced to do the right things.

Resembles Warren Buffett's crack that you should invest in companies that can be run by idiots, because sooner or later they will.


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Jim Glass

David Glass, long-time former CEO of WalMart, used to say much the same thing:

"The key to success is not getting the best people. In a competitive market you can't count on getting the best people. The key to success is creating conditions in which ordinary people do their best work".

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