Managers Quotes - Page 17

• I think the people who've been the most overconfident in our business in the last decade have been the people that called themselves risk managers.

  Richard Thaler

  Thinking, People, Risk

  "Big Think Interview With Richard Thaler". bigthink.com. June 19, 2009.

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• To be a good manager of people requires both fairness and bluntness.

  James Cook

  People, Good Man, Fairness

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• An irresistable footnote: in 1971, pension fund managers invested a record 122% of net funds available in equities - at full prices they couldn't buy enough of them. In 1974, after the bottom had fallen out, they committed a then record low of 21% to stocks.

  Warren Buffett

  Records, Enough, Lows

  Chairman's Letter to the Shareholders of Berkshire Hathaway Inc., www.berkshirehathaway.com. 1978.

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• When managers are afraid of redemptions, they get liquid. We all saw how many managers went from leveraged long in 2007 to huge net cash in 2008, when the right thing to do in terms of value would have been to do the opposite.

  Seth Klarman

  Opposites, Long, Redemption

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• We don't have an isolated group [of senior managers] surrounded by servants. Berkshire's headquarters is a tiny little suite. We just came back from Berkshire's board meeting; it had moved up to the board room of the Kiewit company and [it was so large and luxurious that] I felt uncomfortable.

  Charlie Munger

  Senior, Groups, Boards

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• [With] closet indexing....you're paying a manager a fortune and he has 85% of his assets invested parallel to the indexes. If you have such a system, you're being played for a sucker.

  Charlie Munger

  Being Played, Assets, Fortune

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• Any artist manages his own business along with his manager. Every band should.

  Art Alexakis

  Artist, Band, Should

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• I'm constantly amazed that owners and managers of all businesses don't train their people to call the person who pays by credit card by name. It definitely makes the customer feel good and will be a factor in bringing them back to your place of business.

  Zig Ziglar

  Names, People, Feel Good

  "Zig On... Don't Miss This Opportunity" by Zig Ziglar on his web site, May 25, 2010.

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• The laws of Pluto's kingdom know small difference between king and cobbler, manager and call-boy; and, if haply your dates of life were conterminant, you are quietly taking your passage, cheek by cheek (O ignoble levelling of Death) with the shade of some recently departed candle-snuffer.

  Charles Lamb

  Kings, Boys, Law

  Charles Lamb, Mary Lamb (2017). “Delphi Complete Works of Charles and Mary Lamb (Illustrated)”, p.885, Delphi Classics

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• Some managers are uncomfotable with expressing emotion about their dreams, but it's the passion and emotion that will attract and motivate others.

  James C. Collins

  Dream, Passion, Emotion

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• A sportswriter's life means never sitting with your wife or family at the games. Still working after everyone has gone to the party... Digging beneath a coach's lies, not to forget those of athletic directors and general managers and owners of pro teams. Keeping a confidence. Risking it.

  Dan Jenkins

  Lying, Team, Party

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• There are exceptional loyalties and there are old fashion ideas about how you get loyalties, and after all the auditorium is full of people who have co-owned shares with the managers for many decades, and in many cases they co-invested when everyone was young and obscure. Also when you come back to a place like that you are celebrating old loyalties, and of course the basic idea behind so much of Berkshire is the old fashioned idea that the best way to get loyalty is to deserve loyalty.

  Charlie Munger

  Loyalty, Fashion, Ideas

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• I think corporate managers should learn to be better investors because it would make them better managers.

  Charlie Munger

  Thinking, Should, Corporate

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• I think the reason why we got into such idiocy in investment management is best illustrated by a story that I tell about the guy who sold fishing tackle. I asked him, "My God, they're purple and green. Do fish really take these lures?" And he said, "Mister, I don't sell to fish." Investment managers are in the position of that fishing tackle salesman.

  Charlie Munger

  Thinking, Fishing, Purple

  "A Lesson on Elementary, Worldly Wisdom as it Relates to Investment Management and Business". Charlie Munger's lecture to the students at the University of Southern California in Los Angeles, 1994.

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• Our approach has worked for us. Look at the fun we, our managers, and our shareholders are having. More people should copy us. It's not difficult, but it looks difficult because it's unconventional - it isn't the way things are normally done. We have low overhead, don't have quarterly goals and budgets or a standard personnel system, and our investing is much more concentrated than average. It's simple and common sense.

  Charlie Munger

  Fun, Simple, Average

  "Charlie Munger Speaks". Charlie Munger's comments on Berkshire Hathaway and Wesco at the 2000 Wesco Financial Annual Meeting, www.fool.com. May 15, 2000.

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• If you want real, significant, sustainable change, you need talented, committed local line leaders. If the line manager is not innovating, then innovation is not going to occur.

  Peter Senge

  Real, Leader, Innovation

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• It will be disastrous when a leader or manager shows up with one attitude one day and treats people with a different attitude the next day.

  Zig Ziglar

  Attitude, Next Day, People

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• The idea that you can take smart but inexperienced 25-year-olds who never managed anything and turn them into effective managers via two years of classroom training is ludicrous.

  Henry Mintzberg

  Smart, Years, Ideas

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• We diversify in two ways. First, we probably trade more markets worldwide than any other money manager. Second, we don't just use a single best system. To provide balance, we use lots of different systems ranging from short to long term. Some of these systems may not be that good by themselves, but we really don't care; that is not what they are there for.

  Larry Hite

  Two, Long, Balance

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• Whenever you have the kind of market that is taking shape now - a wildly volatile one with big pricing discrepancies - it plays right into the hands of managers who are very focused on research and stock picking.

  James Russell Lowell

  Hands, Play, Research

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• My last two characters have been Denethor and Walter Bishop. Both will be hard acts to follow. That sits in the hands of my managers, at present. I just have no idea what's going to be offered to me.

  John Noble

  Character, Hands, Ideas

  Source: collider.com

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• We call it the 'Rule of Crappy People'. Bad managers hire very, very bad employees, because they're threatened by anybody who is anywhere near as good as they are.

  Marc Andreessen

  People, Employee, Threatened

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• A manager's most important work is helping the people doing the work. Give them a goal and let them work. Remove any impediments that get in their way. Do anything that make them more effective or productive. Then the organization can capitalize on the fruits of their work.

  Ken Schwaber

  Organization, People, Giving

  Ken Schwaber, Jeff Sutherland (2012). “Software in 30 Days: How Agile Managers Beat the Odds, Delight Their Customers, And Leave Competitors In the Dust”, p.51, John Wiley & Sons

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• In the '60s, my father, Wally Amos, had been a talent agent and a personal manager before taking a major career detour in 1975, when he opened a store selling chocolate chip cookies.

  Shawn Amos

  Father, Careers, Chocolate

  "Cookies & Milk: Scenes From a ‘70s Hollywood Childhood" by Shawn Amos, www.huffingtonpost.com. January 19, 2011.

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• When I go to a restaurant I always ask the manager, "Give me a table near a waiter."

  Henny Youngman

  Giving, Tables, Restaurants

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