Notes about latin

June 22, 2009 permalink

“Create more value than you capture”

From an interview of Tim O’Reilly conducted by Forbes magazine, posted on his blog in longer form as “The Benefits of a Classical Education”:

“When Alexander the Great came to see Diogenes in his barrel, he was so impressed by the philosopher that he offered him money. Diogenes scornfully pointed out that he had no need of money, to which Alexander replied, ‘Have you no friends?’ I’ve always thought that Alexander had the better of this encounter. His awareness that even when your own needs have been met you can work for the betterment of others has helped me to understand that being a successful businessman can be a powerful way to contribute to society. In building a business, it’s important to remember that you aren’t just acquiring wealth for yourself, but creating value for your employees, your customers, and others whom you may never even meet. This is the principle behind one of the mottos we use at O’Reilly: ‘Create more value than you capture.’”

Good advice, and ties in nicely with today’s announcement of the United We Serve initiative.