Image of podcast

Why You Should Do The Right Thing | Ryan Holiday Speaks At ACL Live

The Daily Stoic

Sat Jun 22 2024



Ethical Business Decisions and Justice:

  • Ethical decisions in business play a crucial role not only for those directly involved but also in shaping a better world when made with ethical considerations.
  • The importance of doing the right thing was underscored, emphasizing that just because one is allowed to do something doesn't mean it should be done.
  • CVS's decision to stop selling cigarettes, despite facing financial losses, resulted in an overall decrease in smoking rates across the nation.

Responsibility and Ethics:

  • Admiral Hyman Rickover highlighted the semantic error behind claiming "it's not my responsibility," indicating that such statements reveal irresponsibility by prioritizing personal interests over collective well-being.
  • Marcus Aurelius' actions during a devastating pandemic showcased leadership through selfless deeds, like selling imperial treasures to support Rome during challenging times.

Principled Decision-Making:

  • Making principled decisions often comes at a cost, as seen in opting for more expensive manufacturing options due to ethical reasons.
  • The concept that principles truly matter when they come at a cost was emphasized, showing that true adherence to values may require sacrifices.

Importance of Doing Good Now:

  • Leaving a place better than found was discussed as a fundamental aspect of justice and ethics.
  • Encouragement was given to make immediate positive impacts rather than delaying acts of kindness or ethical behavior until later stages in life.