The Surprisingly Large Cost of Telling Small Lies

NY Times: Recently, I caught up with one of our angel investors for lunch: Peter is a brilliant entrepreneur from England who has lived all over the world. He has built several businesses and now lives a dream life with a house on a harbor, a happy family and a broad smile.

As our conversation drifted from an update of my company to a deep discussion about life itself, I asked him what he thought was the secret to success. I expected the standard “never give up” or some other T-shirt slogan, but what he said took me by surprise. “The secret to success in business and in life is to never, ever, ever tell a lie,” he said.

That stumped me. I know that lying is bad and telling the truth is good — we learn that as children. But the secret to success? I looked at Peter, confused and skeptical. He nodded and assured me, “Complete honesty is the access to ultimate power.”

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Categories: Americas

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