I began wearing hats as a young lawyer because it helped me to establish my professional identity. Before that, whenever I was at a meeting, someone would ask me to get coffee.
A conference is a gathering of important people who, singly, can do nothing but together can decide that nothing can be done.
I find that no matter how long a meeting goes on, the best ideas always come during the final five minutes, when people drop their guard and I ask them what they really think.
No grand idea was ever born in a conference, but a lot of foolish ideas have died there.
In a good meeting there is a momentum that comes from the spontaneous exchange of fresh ideas and produces extraordinary results. That momentum depends on the freedom permitted the participants.
I can tell more about how someone is likely to react in a business situation from one round of golf than I can from a hundred hours of meetings.