Prefer Arbitration Over Costly Fighting
NegotiationSettling differences through arbitration or even a random draw is more efficient than engaging in expensive and destructive conflicts.
3 more supporting quotes are in the member records.
Hall of Masters
Benjamin Franklin
벤저민 프랭클린
Money and wealth thinking1706-1790
Printer, inventor and American Founding Father; author of his Autobiography
891 records in all
- Principles 327
- Episodes 282
- Quotes 282
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Principles
49 basic records of 327
Principles are our summary of their public statements.
Contribution Is Required For Membership
IntegrityOne cannot rightfully claim the benefits and protections of a community without contributing to its support and maintenance.
3 more supporting quotes are in the member records.
Observe Practical Skills Early
LearningWatching skilled tradesmen work provides a foundation for self-reliance, allowing one to handle small repairs and build prototypes independently.
3 more supporting quotes are in the member records.
Replace Bad Habits Systematically
MindsetMoral improvement requires more than just a desire to be good; one must actively break bad habits and establish new ones through a structured method.
2 more supporting quotes are in the member records.
Mutual Assistance Networks
TeamCreate organizations where members share the burden of risk and meet regularly to exchange useful ideas, ensuring long-term sustainability and community benefit.
Appoint Competent Rivals to Key Roles
HiringWhen someone feels their ideas shaped a project, acknowledge their contribution by giving them a position of authority to execute those ideas.
Self-supporting quality
StrategyA good product or system should be able to support itself through its own merit without needing external force or government intervention.
Leverage Compound Interest for Legacy
Capital allocationSmall amounts of capital can grow into massive sums over centuries through compound interest to fund future public projects.
Warn against arrogance in strategy
StrategyA leader should not dismiss the warnings of experienced locals regarding unconventional threats, as traditional methods may fail against new tactics.
Collaborative Creation for Greater Impact
ContentWorking with others on foundational documents or projects ensures a more balanced and authoritative result that gains wider public trust.
Avoid get rich quick schemes
WealthOne should apply themselves earnestly to their current business and shun foolish projects for becoming suddenly rich, as industry and patience are the surest means of plenty.
Systematize Group Learning
LearningEstablishing formal rules and specific questions for a professional club helps ensure productive discussions and shared growth.
Communicate through accessible content
ContentHe uses popular formats like almanacs and letters to share complex economic and moral lessons with the public.
2 more supporting quotes are in the member records.
Base Ethics on Reason
IntegrityOne should base their moral system on right reason and the visible laws of nature rather than purely metaphysical or supernatural claims.
1 more supporting quote is in the member records.
Science as Fear Reduction
LearningThe study of natural laws serves to free humanity from vain terrors by showing that even chaotic forces like lightning follow immutable rules.
1 more supporting quote is in the member records.
Adopt the Humble Inquirer Manner
NegotiationAvoid direct contradiction and instead use questions to suggest doubts or gather information, making ideas more palatable to others.
1 more supporting quote is in the member records.
Seek Mutual Concessions
NegotiationIn negotiations where parties are stuck, a good outcome is reached by taking a little from both sides to create a perfect fit.
Identify High Leverage Points
ProductivitySmall, sharp, or specific interventions can have a much larger impact on a system than blunt, broad efforts.
Supporting quotes
The consequence is, spark follows spark till the equilibrium is restored.
Source Benjamin Franklin Experiments and Observations on Electricity Made at Philadelphia in America, 1747 (opens in a new tab)
2 more supporting quotes are in the member records.
Challenge superficial observations
MindsetDo not accept initial appearances as facts; investigate the underlying mechanics to see if the observed result matches the actual process.
Supporting quotes
I feel a want of terms here, and doubt much whether I shall be able to make this part intelligible.
Source Benjamin Franklin Experiments and Observations on Electricity Made at Philadelphia in America (opens in a new tab)
1 more supporting quote is in the member records.
Maintain visibility in your business
BrandA founder should never be above the menial tasks of their business, as being seen working hard builds trust with creditors and the community.
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