Management Quotes - Page 7

• Mental Management is the process of maximising the probability of having a consistent mental performance, under pressure, on demand

  Lanny Bassham

  Demand, Pressure, Process

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• My curse on plays
  That have to be set up in fifty ways,
  On the day's war with every knave and dolt,
  Theater business, management of men.

  William Butler Yeats

  War, Drama, Men

  William Butler Yeats (2000). “The Collected Poems of W. B. Yeats”, p.75, Wordsworth Editions

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• If you have an approach that makes money, then money management can make the difference between success and failure... ... I try to be conservative in my risk management. I want to make sure I'll be around to play tomorrow. Risk control is essential.

  Monroe Trout

  Differences, Play, Risk

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• The most effective leaders of companies in transition are the quiet, unassuming people whose inner wiring is such that the worst circumstances bring out their best. They're unflappable, they're ready to die if they have to. But you can trust that, when bad things are happening, they will become clearheaded and focused.

  James C. Collins

  People, Leader, Transition

  "Good to Great". Book by James C. Collins, 2001.

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• Economy denotes the the proper management of materials and of site, as well as a thrifty balancing of cost and common sense in the construction of works. ...the architect does not demand things which cannot be found or made ready without great expense. For example: it is not everywhere that there is plenty of pitsand, rubble, fir, clear fir, and marble... Where there is no pitsand, we must use the kinds washed up by rivers or by the sea... and other problems we must solve in similar ways.

  Marcus Vitruvius Pollio

  Sea, Rivers, Common Sense

  "De architectura". Book by Vitruvius. Book I, Chapter II, Section 8,

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• The Management of money is, in much, the management of self. If heaven allotted to each man seven guardian angels, five of them, at least, would be found night and day hovering over his pockets.

  Edward Bulwer-Lytton, 1st Baron Lytton

  Money, Angel, Night

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• Do too many executives still indulge in the short-sighted habit of issuing orders without taking the slightest pains to explain to those responsible for carrying them out the whyfor and wherefor of the orders? Where employees come in daily and hourly contact with the public, surely it is important that care be taken to fit them to reply intelligently to courteous questions. ""Because them are orders"" isn't a satisfying reply-even less satisfactory to the management than to the public.

  B. C. Forbes

  Pain, Taken, Order

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• Managing the other fellow's business is a fascinating game. Trade unionists all over the country have pronounced ideas for the reform of Wall Street banks; and Wall Street bankers are not far behind in giving plans for the tremendous improvement of trade union policies. Wholesalers have schemes for improving the retailer; the retailer knows just what is wrong in the conduct of wholesale business-and we might go through a long list.... Yet for some reason the classes that ought to be helped keep on stubbornly clinging to their own method of running their affairs.

  B. C. Forbes

  Running, Country, Wall

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• This idea of anticipation is key to investing and to business generally. You can't wait for an opportunity to become obvious. You have to think, "Here's what other people and companies have done under certain circumstances. Now, under these new circumstances, how is this management likely to behave?"

  Edward Lampert

  Thinking, Opportunity, Ideas

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• Active management is a zero-sum game before cost, and the winners have to win at the expense of the losers.

  Eugene Fama

  Zero, Winning, Games

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• I can't figure out why anyone invests in active management, so asking me about hedge funds is just an extreme version of the same question. Since I think everything is appropriately priced, my advice would be to avoid high fees. So you can forget about hedge funds.

  Eugene Fama

  Thinking, Advice, Would Be

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• Index funds have regularly produced rates of return exceeding those of active managers by close to 2 percentage points. Active management as a whole cannot achieve gross returns exceeding the market as a while and therefore they must, on average, underperform the indexes by the amount of these expense and transaction costs disadvantages.

  Burton Malkiel

  Average, Cost, Investing

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• Active management is little more than a gigantic con game.

  Ronald Ross

  Games, Investing, Active Management

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• The general systems of money management today require people to pretend to do something they can't do and like something they don't. It's a funny business because on a net basis, the whole investment management business together gives no value added to all buyers combined. That's the way it has to work. Mutual funds charge two percent per year and then brokers switch people between funds, costing another three to four percentage points. The poor guy in the general public is getting a terrible product from the professionals.

  John C. Bogle

  Years, Two, People

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• Invest in low-turnover, passively managed index funds... and stay away from profit-driven investment management organizations... The mutual fund industry is a colossal failure... resulting from its systematic exploitation of individual investors... as funds extract enormous sums from investors in exchange for providing a shocking disservice... Excessive management fees take their toll, and manager profits dominate fiduciary responsibility.

  David F. Swensen

  Responsibility, Organization, Systematic

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• The main difference between service and manufacturing is the service department doesn't know that they have a product.

  W. Edwards Deming

  Differences, Department, Knows

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• People need to know what their jobs are.

  W. Edwards Deming

  Jobs, People, Needs

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• People are entitled to joy in work.

  W. Edwards Deming

  People, Joy, Entitled

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• People care more for themselves when they contribute to the system.

  W. Edwards Deming

  People, Care

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• People learn in different ways: reading, listening, pictures, watching.

  W. Edwards Deming

  Reading, People, Listening

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• When a worker has reached a stable state, further training will not help him.

  W. Edwards Deming

  Training, Helping, States

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• A manager of people knows that in this stable state it is distracting to tell the worker about a mistake.

  W. Edwards Deming

  Mistake, People, States

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• When people try to do what they can not do, they wish to give up.

  W. Edwards Deming

  Giving Up, People, Wish

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• When we cooperate, everybody wins.

  W. Edwards Deming

  Winning

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• Without questions, there is no learning.

  W. Edwards Deming

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