"Managers tend to pick a strategy that is least likely to fail, rather than to pick a strategy that is most efficient. The pain of looking bad is worse than the gain of making the best move."
Michael Lewis, Moneyball
Remind you of anyone? The "safe" and conventional choices trump the really good ones every time. And the business under-performs.
"...if gross miscalculating of a person's value could occur on a baseball field, before a live audience of 30,000, and a television audience of millions more, what did that say about the measurement of performance in other lines of work? If professional baseball players could be over- or under- valued, who couldn't?"
Michael Lewis, Moneyball
This applies to staff, and customers, and suppliers, too.
"The pleasure of rooting for Goliath is that you can expect to win. The pleasure of rooting for David is that, while you don't know what to expect, you stand at least a chance of being inspired."
Michael Lewis, Moneyball
This should be taped to every one's forehead. Most of us are Davids.
"The lesson of Warren Buffet was: To succeed in a spectacular fashion you had to be spectacularly unusual."
Michael Lewis, Moneyball
...or was that Jimmy Buffet?
"People... operate with beliefs and biases. To the extent that you can eliminate both and replace them with data, you gain a clear advantage.'
Michael Lewis, Moneyball
But don't get caught looking at your own average check at work if you work at the Orange Cat!!
THIS IS SPALDING GRAY
THIS IS SPALDING GRAY. What really bothers me about this picture is the empty water glass. Who is his server, and why isn't she doing her job?
No comments:
Post a Comment