It's easy to identify many investment managers with great recent records. But past results, though important, do not suffice when prospective performance is being judged. How the record has been achieved is crucial.
The difference between a policy and a crusade is that a policy is judged by its results, while a crusade is judged by how good it makes its crusaders feel.
We're all flawed, but basically, effective managers are people whose flaws are not fatal under the circumstances. Maybe the best managers are simply ordinary, healthy people who aren't too screwed up.
Mayors are judged by results.
Upsetting the dope is a favorite pastime in baseball. Past performances count for but little in the national pastime. Reputations don't get you anywhere. A club is judged solely on results, and to get results, you must win ball games.
I am proud to be Italian because I was born in Italy, I grew up in Italy, I went to school in Italy and I have worked in Italy. I'm Italian.
Advice is judged by results, not by intentions.
You get judged on your results.
In Italy, managers don't know how long they're going to be in charge for and there's always rumors about someone taking over.
Funding for faith-based charities should] be judged based on performance and results - not religion. Now, if our sin is that our religion can produce the results, then we plead guilty.
Restaurants want to be judged on their intentions - not the results.
A new idea must not be judged by its immediate results.
You live and die by results, I asked to be judged on that and people have.
In the end, everyone talks. We're all evaluated and judged on. It's about production and results.
But Italy is not an intellectual country. On the subway in Tokyo everybody reads. In Italy, they don't. Don't evaluate Italy from the fact that it produced Raphael and Michelangelo.
There are only two kinds of managers. Winning managers and ex-managers.