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?
I try to find, celebrate and teach leaders how to build platforms that will inspire others.
One man should not be afraid of improving his posessions, lest they be taken away from him, or another deterred by high taxes from starting a new business. Rather, the Prince should be ready to reward men who want to do these things and those who endeavour in any way to increase the prosperity of their city or their state.
Never hire or promote in your own image. It is foolish to replicate your strength and idiotic to replicate your weakness. It is essential to employ, trust, and reward those whose perspective, ability, and judgment are radically different from yours. It is also rare, for it requires uncommon humility, tolerance, and wisdom.
Well I do think, when there are more women, that the tone of the conversation changes, and also the goals of the conversation change. But it doesn't mean that the whole world would be a lot better if it were totally run by women. If you think that, you've forgotten high school.
The team that trusts-their leader and each other-is more likely to be successful.
Leadership is all about people β¦ and getting the most out of people.
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