Quotes About Management

I spent the past two decades wondering why France, as a country managed in a top-down manner by an oversized state, could fare so well in so many fields. It is the country of Jean-Baptiste Colbert, after all, the grand dreamer of a state that infiltrates everything. Indeed the current culture is ultra-interventionist, sort of "if it ain't broke, fix it.

While a ten-year survival rate for a trader is in the single digits, that of a risk manager is close to 100%).

the more complex the regulation, the more bureaucratic the network, the more a regulator who knows the loops and glitches would benefit from it later

At the time of writing, most big recent successes (Microsoft, Apple, Facebook, Google) were started by people with skin and soul in the game and grew organically—if they had recourse to funding, it was to expand or allow the managers to cash out; funding was not the prime source of creation. You don't create a firm by creating a firm; nor do you do science by doing science.

Bent Flyvbjerg (do capítulo 18) mostrou, em seu Black Swan Management [Gerenciamento do Cisne Negro], a

emotions depended on how frequently he checked his portfolio.

traders and salespeople were only manageable when they were unprofitable, in which case they weren't wanted.

there was no way to convince the management otherwise.

the richer we become, the harder it gets to live within our means. Abundance is harder for us to handle than scarcity.

volatility benefits managers since they only get one side of the payoffs.

All you have to do is mitigate the consequences.

He did better emotionally with his own portfolio than with those of clients, since he was not obligated to monitor it continuously.

They are left alone to do as they please, provided of course that their results satisfy the executives.

an employee is also a risk-management strategy.

Administrators everywhere on the planet, in all businesses and pursuits, and at all times in history, have been the plague.

Which brings us to what is known as the agency problem.

the further from headquarters an employee is located, the more autonomous his unit, the more you want him to be a slave so he does nothing strange on his own.

they make sure that the costs of being wrong are limited (and their probability is not derived from past data).

In finance, for instance, people use flimsy theories to manage their risks and put wild ideas under "rational" scrutiny.

could cause a loss of business

Praise in public and correct in private:

Anger is only our friend when we know its caliber and how to aim it.

You'll find in life, Caden, that many decisions are made by morons in high places.

have found that building a sandbox around a domineering child, then allowing that child to preside over it, frees the adults to do the real work.