Sam Walton: Praise Worth Fortune
on Friday, March 29, 2019Sam Walton Money Quote saying honest and timely praises are worth far more than they may seem in value to recipients and provide a real return. Sam Walton said:
“Nothing else can quite substitute for a few well-chosen, well-timed, sincere words of praise. They’re absolutely free and worth a fortune” — Sam Walton
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In this quote, Sam Walton is emphasizing the high value and impact of giving sincere praise and recognition to others. Some key points:
- He notes that nothing can truly replace or substitute for offering well-chosen, well-timed words of praise and appreciation to people.
- While praise requires little effort to give, just speaking kind words, it can mean a great deal to the recipient.
- Walton refers to praise as being “absolutely free” while simultaneously “worth a fortune”. This highlights how something with no monetary cost can still have immense worth in motivating and inspiring others.
- The implication is that as a leader, Walton understood the power of praise to encourage and reward good work from his employees. Simple, heartfelt praise could boost morale and productivity more than any financial incentive.
Overall, Walton is stressing that sincere praise is a very valuable tool for any manager or leader to use, despite its low cost, as it can greatly benefit both the individual and the organization.
Birthday March 29, 1918 – Died April 5, 1992