Quote by Charles W. Eliot

All business proceeds on beliefs, or judgements of probabilities, and not on certainties.

All business proceeds on beliefs, or judgements of probabili

Summary

This quote highlights the fundamental nature of business in relying on beliefs and judgments of probabilities rather than absolute certainties. In the dynamic and unpredictable world of business, decisions are made based on assessments of potential outcomes and likelihoods. There is inherent risk and uncertainty involved, and it is the ability to make informed decisions and take calculated risks that ultimately drives businesses forward. Success in business requires a keen understanding of probabilities and the ability to adapt and make sound judgments in the face of uncertainties.

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By Charles W. Eliot

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