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Have lots of experiments, but make sure they're strategically focused.

Adam Smith

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Adam Smith
Age: 67 †
Born: 1723
Born: June 16
Died: 1790
Died: July 17
Economist
Non-Fiction Writer
Philosopher
University Teacher
Writer
Lang Toun
Focused
Sure
Make
Strategically
Experiments
Lots

More quotes by Adam Smith

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A man must always live by his work, and his wages must at least be sufficient to maintain him. They must even upon most occasions be somewhat more otherwise it would be impossible for him to bring up a family, and the race of such workmen could not last beyond the first generation.
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It is the natural effect of improvement, however, to diminish gradually the real price of almost all manufactures.
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The great secret of education is to direct vanity to proper objects.
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It seldom happens, however, that a great proprietor is a great improver.
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The world neither ever saw, nor ever will see, a perfectly fair lottery.
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It is unjust that the whole of society should contribute towards an expence of which the benefit is confined to a part of the society.
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The theory that can absorb the greatest number of facts, and persist in doing so, generation after generation, through all changes of opinion and detail, is the one that must rule all observation.
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All for ourselves, and nothing for other people, seems, in every age of the world, to have been the vile maxim of the masters of mankind.
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That a joint stock company should be able to carry on successfully any branch of foreign trade, when private adventurers can come into any sort of open and fair competition with them, seems contrary to all experience.
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With the greater part of rich people, the chief enjoyment of riches consists in the parade of riches.
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By pursuing his own interest (the individual) frequently promotes that of the society more effectually than when he really intends to promote it. I have never known much good done by those who affected to trade for the public good.
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The ancient Egyptians had a superstitious antipathy to the sea a superstition nearly of the same kind prevails among the Indians and the Chinese have never excelled in foreign commerce.
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A power to dispose of estates for ever is manifestly absurd. The earth and the fulness of it belongs to every generation, and the preceding one can have no right to bind it up from posterity. Such extension of property is quite unnatural.
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The problem with fiat money is that it rewards the minority that can handle money, but fools the generation that has worked and saved money.
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The natural price, therefore, is, as it were, the central price, to which the prices of all commodities are continually gravitating.
Adam Smith
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In general, if any branch of trade, or any division of labour, be advantageous to the public, the freer and more general the competition, it will always be the more so.
Adam Smith
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The tolls for the maintenance of a high road, cannot with any safety be made the property of private persons.
Adam Smith
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The proprietor of stock is necessarily a citizen of the world, and is not necessarily attached to any particular country.
Adam Smith
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The uniform, constant, and uninterrupted effort of every man to better his condition . . . is frequently powerful enough to maintain the natural progress of things toward improvement, in spite of the extravagance of government, and of the greatest errors of administration.
Adam Smith
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Secrets in manufactures are capable of being longer kept than secrets in trade.
Adam Smith