Be "Long Term Greedy". Michael B Kim, dubbed the Godfather of Asian Private Equity, related a lesson he learned from his first day at Goldman Sachs. One of the partners went on stage and told the newbies to be "long term greedy". According to Kim, it is one of the most profound things he has ever heard. Kim understood that the partner was saying NOT to go for the biggest buck... short term. He wanted them to be profitable over the long term... by building relationships with clients. And the way to build long term relationships is to TREAT the clients RIGHT. If you notice, the partner did not say making money is NOT important. He said we should make money and we should make money for a long time BY... doing things the right way FOR the customers/ clients. #axlplanner #business #relationships #wisdom #lessonsfromreallife
I always believe that one needs to be contented. That's why the "long term greedy" may not appeal to me. Maybe "buy and forget" may go easier.
I am impressed with this insight of long term greedy. In fact, it does make sense and I think I know what he meant. It has profound meaning in it. Those who are in investing would be able to get the gist of this insight.
Great share
That's great advice! If only incentives and promotions are similarly structured this way.
Empowering Your Transformation Journey – Reprogram, Unlock Potential, Live Your Best Life!
8moI am genuinely thrilled and inspired by this piece of wisdom, 🌟! It beautifully captures the essence of focusing on the long-term goals rather than the short-lived wins. It’s a powerful reminder that success isn't just about quick gains but about building something durable and treating people with the respect and kindness they deserve. By adopting this mindset, we're not only paving the way for our own success but also uplifting those around us. Let's embark on this journey together with enthusiasm and commitment to make a lasting impact in everything we do. We’re equipped with the right attitude and approach, now let’s go out there and transform our aspirations into reality. 💼👏