“My father was an absolutely wonderful human being. From him I learned to always assume positive intent. Whatever anybody says or does, assume positive intent.”

—  Indra Nooyi

Top 15 quotes from PepsiCo CEO Indra Nooyi

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Indra Nooyi 43
Indian-born, naturalized American, business executive 1955

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“I have assumed throughout that the persons in the original position are rational.”

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“The prevailing wisdom is that markets are always right. I take the opposition position. I assume that markets are always wrong. Even if my assumption is occasionally wrong, I use it as a working hypothesis.”

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Context: The prevailing wisdom is that markets are always right. I take the opposition position. I assume that markets are always wrong. Even if my assumption is occasionally wrong, I use it as a working hypothesis. It does not follow that one should always go against the prevailing trend. On the contrary, most of the time the trend prevails; only occasionally are the errors corrected. It is only on those occasions that one should go against the trend. This line of reasoning leads me to look for the flaw in every investment thesis.... I am ahead of the curve. I watch out for telltale signs that a trend may be exhausted. Then I disengage from the herd and look for a different investment thesis. Or, if I think the trend has been carried to excess, I may probe going against it. Most of the time we are punished if we go against the trend. Only at an inflection point are we rewarded.

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“Seeing clearly within himself and always able to dodge around the ends of any position, including his own, Shaw assumed from the start the dual role of prophet and gadfly.”

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Source: Bernard Shaw in Twilight (1943), II
Context: Seeing clearly within himself and always able to dodge around the ends of any position, including his own, Shaw assumed from the start the dual role of prophet and gadfly. To his contemporaries it appeared frivolous and contradictory to perform as both superman and socialist, sceptic and believer, legalist and heretic, high-brow and mob-orator. But feeling the duty to teach as well as to mirror mankind, Shaw did not accept himself as a contradictory being.

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“In fact we say that an intention is good, that is, right in itself, but that an action does not bear any good in itself but proceeds from a good intention.”
Bonam quippe intentionem, hoc est, rectam in se dicimus, operationem vero non quod boni aliquid in se suscipiat, sed quod ex bona intentione procedat. Unde et ab eodem homine cum in diversis temporibus idem fiat, pro diversitate tamen intentione eius operatio modo bono modo mala dicitur.

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Context: In fact we say that an intention is good, that is, right in itself, but that an action does not bear any good in itself but proceeds from a good intention. Whence when the same thing is done by the same man at different times, by the diversity of his intention, however, his action is now said to be good, now bad.

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“When I first started singing the anthem, my thoughts were always to sing it in a way that my father would like it to be sung— not just the sound, but also the intention. If you sing anything with intention, it really is hard to get tired of it.”

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“Faith grows when we assume the position of one who can’t do it all by himself. That means we go to God, follow Him, and ask Him for help.”

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Where Is God (2009, Thomas Nelson publishers)

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