We need a new model: If you can't explain it, you can't sell it.
Interpretation
This quote emphasizes the importance of clear communication in selling ideas or products.
Elizabeth Warren highlights the necessity of understanding and effectively articulating a concept before promoting it. In leadership and business, being able to explain a product or idea clearly is crucial for success, as it builds trust and enables others to grasp its value.
In practice
In a business meeting, I might use this quote to emphasize the need for clear proposals.
Families rely on financial services more than ever, but those who need them most - who struggle to make ends meet - too often must contend with sky-high interest rates and tricks and traps buried in the fine print of their loan products.
There's been such a sense that there's one set of rules for trillion-dollar financial institutions and a different set for all the rest of us. It's so pervasive that it's not even hidden.
Mitt Romney is the guy who said corporations are people. No, Governor Romney, corporations are not people.
I talk to nurses and programmers, salespeople and firefighters - people who bust their tails every day. Not one of them - not one - stashes their money in the Cayman Islands to avoid paying their fair share of taxes.
'Middle class' used to be synonymous with secure, with steady, with boring, because middle-class people were people who were pretty much safe from the time they first started work on through retirement and until their deaths. No longer.
Does anyone believe that Goldman Sachs is gonna give up a deal that would yield millions of dollars because someone fussed at them behind closed doors?
The ability to change one's views without losing one's seat is the mark of a great politician.
I want to stand up for people who look like me and feel like they don't have a voice. And I'm lucky enough that some people in the world care about what I have to say. So I try to make sure that I say it and say in a correct way, or in a way that people understand.
The cost of leadership is self-interest.
I have never had a president who inspired me the way people tell me that my father inspired them. But for the first time, I believe I have found the man who could be that president - not just for me, but for a new generation of Americans.
Rule a kingdom as though you were cooking a small fish - don't overdo it.
Hold on to your own ideal. . . . Above all, never attempt to guide or rule others, or, as the Yankees say, "boss" others. Be the servant of all.
Subscribe for the occasional hand-picked quote. No noise.