Nuclear energy, in terms of an overall safety record, is better than other energy.
Bill GatesRead
Know your numbers' is a fundamental precept of business.
Interpretation
What this quote means
Understanding financial metrics is essential for successful business management.
This quote by Bill Gates emphasizes the importance of being aware of key financial figures and metrics in a business context. Knowing your numbers allows business owners and managers to make informed decisions, track progress, and identify areas that need improvement, ultimately contributing to the overall success of the organization.
Themes
BusinessNumbersFinanceManagementSuccess
In practice
Example use cases
During a business seminar, you might say, 'As Bill Gates said, 'Know your numbers,' to emphasize the importance of financial literacy for entrepreneurs.
More from Bill Gates
All quotes βThe Internet is becoming the town square for the global village of tomorrow.
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With the states release today of a set of clear and consistent academic standards, our nation is one step closer to supporting effective teaching in every classroom, charting a path to college and careers for all students, and developing the tools to help all children stay motivated and engaged in their own education. The more states that adopt these college and career based standards, the closer we will be to sharing innovation across state borders and becoming more competitive as a country.
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About three million computers get sold every year in China, people don't pay for the software. Someday they will, though. And as long as they're going to steal it, we want them to steal ours. They'll get sort of addicted, and then we'll somehow figure out how to collect sometime in the next decade.
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Internet TV and the move to the digital approach is quite revolutionary. TV has historically has been a broadcast medium with everybody picking from a very finite number of channels.
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These four policy prescriptions - strengthening educational opportunities, revamping immigration rules for highly skilled workers, increasing federal funding for basic scientific research, and providing incentives for private-sector R&D - should in my view be top priorities as Congress and the Administration consider how to maintain the nation's leadership in science, technology, and innovation.
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My half-baked reading of history is that we continue to go through these waves of entrepreneurial explosion followed by merger mania and consolidation. Out of that come big sluggish companies that eventually collapse under the weight of what they've created, and are killed off by the next wave of entrepreneurs.
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