The best client is a scared millionaire.
Interpretation
This quote suggests that wealthy clients are often the most cautious and discerning, which can be beneficial for service providers.
H. L. Mencken's quote implies that a client who has immense wealth yet feels a sense of fear or caution is likely to be the most valuable one. Such clients typically have the resources to invest significantly but are wary of risks, making them meticulous in their choices. This can lead to a stronger, more thoughtful business relationship where the service provider must meet high standards to earn their trust.
In practice
This quote could be used in a business meeting to emphasize the importance of understanding wealthy clients' concerns.
I know a good many men of great learning-that is, men born with an extraordinary eagerness and capacity to acquire knowledge. One and all, they tell me that they can't recall learning anything of any value in school. All that schoolmasters managed to accomplish with them was to test and determine the amount of knowledge that they had already acquired independently-and not infrequently the determination was made clumsily and inaccurately.
It takes a long while for a naturally trustful person to reconcile himself to the idea that after all God will not help him
It is the theory of all modern civilized governments that they protect and foster the liberty of the citizen; it is the practice of all of them to limit its exercise, and sometimes very narrowly.
The central belief of every moron is that he is the victim of a mysterious conspiracy against his common rights and true deserts.
The cure for the evils of democracy is more democracy.
It is my conviction that no normal man ever fell in love, within the ordinary meaning of the term, after the age of thirty.
Market leadership can translate directly to higher revenue, higher profitability, greater capital velocity and correspondingly stronger returns on invested capital.
To escape the curse of commoditization, a company has to be a game-changer, and that requires employees who are proactive, inventive and zealous.
You go to any MBA program, and you will be taught the theory of the firm, that the purpose of the firm is the maximization of return on invested capital. I always thought this was a kind of lunacy.
When we launched a new company, I reviewed the ads and marketing materials and asked those presenting the campaign to read everything aloud to test the phrasing and concept. If I could grasp it quickly, then it passed with muster. We would get our message across only if it was understandable at first glance.
If you don't drive your business, you will be driven out of business.
In the long run managements stressing accounting appearance over economic substance usually achieve little of either.
Subscribe for the occasional hand-picked quote. No noise.