A Quote by Ed Palubinskas
A ball is like a very disciplined child. It does exactly what it is told to do. Great information, great direction and great results. Inadequate information leads to inadequate results.
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I don't think we should have less information in the world. The information age has yielded great advances in medicine, agriculture, transportation and many other fields. But the problem is twofold. One, we are assaulted with more information than any one of us can handle. Two, beyond the overload, too much information often leads to bad decisions.
I see the Baldrige process as a powerful set of mechanisms for disciplined people engaged in disciplined thought and taking disciplined action to create great organizations that produce exceptional results.
My father-in-law and I always had great interest in Indian sport. At the Athens Olympics, watching the wrestling event, we started discussing the state of Indian sport - inadequate representation, lack of satisfactory results etc. We thought we should do something about it.
Great groups deliver great results. And for everyone involved in a great group, great work is its own reward.
In an ironic twist, I now see Good to Great not as a sequel to Built to Last, but more of a prequel. Good to Great is about how to turn a good organization into one that produces sustained great results. Built to Last is about how you take a company with great results and turn it into an enduring great company of iconic stature.
We regard using [a stock's] volatility as a measure of risk is nuts. Risk to us is 1) the risk of permanent loss of capital, or 2) the risk of inadequate return. Some great businesses have very volatile returns - for example, See's [a candy company owned by Berkshire] usually loses money in two quarters of each year - and some terrible businesses can have steady results.
The indifference, callousness and contempt that so many people exhibit toward animals is evil first because it results in great suffering in animals, and second because it results in an incalculably great impoverishment of the human spirit.
Television is altering the meaning of 'being informed' by creating a species of information that might properly be called disinformation. Disinformation does not mean false information. It means misleading information - misplaced, irrelevant, fragmented or superficial information - information that creates the illusion of knowing something, but which in fact leads one away from knowing.
When information rubs against information the results are startling and effective. The perrenial quest for involvement, fill-in, takes many forms.
Informed decision-making comes from a long tradition of guessing and then blaming others for inadequate results.
The knowledge we now consider knowledge proves itself in action. What we now mean by knowledge is information effective in action, information focused on results. Results are outside the person, in society and economy, or in the advancement of knowledge itself. To accomplish anything this knowledge has to be highly specialized.
When dozens of company results are flooding newspaper offices everyday, an occasional fraudster slips in what looks like an authentic press release, with fake company results/information aimed at manipulating share prices.
The fewer data needed, the better the information. And an overload of information, that is, anything much beyond what is truly needed, leads to information blackout. It does not enrich, but impoverishes.
Results transform the world, and a great dream creates results. That's what this thing we call 'business' is really all about.
Argentina is a marvelous place. Argentines are great bankers of information. They import information; if someone sneezes in Milan or in New York, they clean their faces very fast there.
What is wrong is not the great discoveries of science—information is always better than ignorance, no matter what information or what ignorance. What is wrong is the belief behind the information, the belief that information will change the world. It won’t.
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