I have always been an honest trader. I come from a school…
“I have always been an honest trader. I come from a school of traders where there was honour in the deal. No contracts, just a handshake and that's it, done. That's the way I prefer to do business but it's not always possible these days, sadly.”
About This Quote
Source Interview: Business Magazine, 2005
Traditional handshake deals rely on trust and honor, but modern commerce often demands formal contracts.
In simple terms: Honest trading used trust, not paperwork.
Key Takeaway
Balance trust with necessary legal safeguards.
Themes
trust
honor
business ethics
modernization
Mood
pragmatic
cautious
Type
business
ethical
When to use this quote
- startup negotiations
- international trade
- personal deals
Key Concepts
contract law
ethical trade
Questions to Reflect On
- When is a handshake sufficient?
- How do contracts protect both parties?
A Different Perspective
Legal systems may limit informal agreements.