Ted Malloch
Chairman and Chief Executive Officer of The Roosevelt Group, a strategy and thought leadership company.
Capitalism is about the mutual creation of wealth rather than the pillaging of it.
One runs a business ultimately to do well so you can do good for everyone.
Leadership, in other words, is a matter of character, not goals.
The moral sentiments that constrain economic life also promote it.
Long-term success depends upon trust.
Courage… is not a selfish attribute: it is only possible if you are pursuing a wider and more worthy goal.
Myth: There’s conflict between selfish free markets and a benevolent world of human sympathy.
The laws of economic life are subject to the eternal laws of spiritual capital.
Profit doesn’t appear as the goal but as a side effect of pursuing motivating principles.
Adam Smith’s image of competition in the marketplace was intended as an adjunct to his detailed description of human motivation in The Theory of Moral Sentiments, in which the pursuit of profit is tempered at every juncture by sympathy and benevolence, and by the posture of the “impartial spectator” which is forced on us by our moral nature.
The business virtue par excellence is honesty—without it markets can’t long survive.
In the new conditions created by the global economy, the information revolution and the growth of smart technologies, it is more necessary than ever for all companies to be guided by their rich spiritual inheritance, as spiritual enterprises.
Faith engenders courage; and also requires it.
The humble person who confesses his faults and duly atones for them is the one best equipped to manage defeat, accept his own losses, and to overcome the setbacks that are the routine cost of doing business.
But we should see gratitude in the whole context of life, and ask ourselves that life is changed and empowered by it.
And the first question for a leader is: "Who do we intend to be?" not “What are we going to do?”
The free economy is not the enemy but the friend of social capital.
There’s such a thing as spiritual capital that has economic function and potential.
Perhaps the most eloquent of the hard virtues is courage, the disposition to encounter adversity head-on and strive to overcome it.