Fortune magazine recently published an article titled “The Best Advice I Ever Got.” This article starts with a clever question: “What happens when you ask 21 luminaries from all walks — finance, law, tech, the military, and beyond – for the one piece of advice that got them to where they are today?”

Click the icon to see a slide show with the advice from 21 distinguished leaders.


 

9 Replies to “The Best Advice Received — and Passed On — by Leaders of Industry”

  1. Personally I believe these testimonies are elongated comments about the need for common sense to be successful. In addition to common sense is the need for perseverance and a strong work ethic.

    1. I do believe in the comment i left prior that common sense is a huge factor in getting ahead in the game . Advice is great, and something that you can pass down to anyone who needs help and even your family but at the end of the day all that matters is if you are responsible and get your work done. Advice will not get you through your obstacles in the day, in the real world hard work is the only thing that pays off.

  2. I especially liked what Philippe Bourguignon had to say about having a long-term view but also keeping focus on the short-term. Too many people focus so much on the long-term that they lose vision of potential success they can have in the short-term. An example is the New York Knicks and the Orlando Magic in the NBA today. The magic shipped off Dwight Howard to the Lakers in a deal that was not as favorable as other deals they had been offered by other teams. While they did receive valuable assets in the form of future first round picks, they could have accepted other offers where they would have received both current talented players and a future pick. Now they are mired in a losing rebuilding phase after years of playoff success. On the other hand, the New York Knicks signed an array of older, seasoned vets who are a few years away from retirement and subsequently became the oldest team in the league. However, this method has worked thus far, as the Knicks have played unbelievably with their experienced veteran team and have the best record in the Eastern Conference. Rather than clear up salary cap space for the future or trade top players for future picks, they embraced a short-term vision that can potentially lead to a championship in the next few years. While keeping their eye on the long-term and trying to field a younger team that could contend in the future, they kepot their eye on the short-term and are trying to win with the player they have locked in now like Carmelo Anthony and Amare Stoudemire before it is too late and they are past their primes when future first round picks would come to fruition.

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