“We have overwhelming evidence that available information plus analysis does not lead to knowledge. The management science team can properly analyse a situation and present recommendations to the manager, but no change occurs. The situation is so familiar to those of us who try to practice management science that I hardly need to describe the cases.” NeedsTryingDoeSituationPracticeCasesTeamInformationEvidenceManagementAvailableFamiliarManagersAnalysisPlusOverwhelmingRecommendations Author:C. West Churchman
“It is a human inclination to hope things will work out, despite evidence or doubt to the contrary. A successful manager must resist this temptation.” HumansSuccessfulDoubtEvidenceWork OutContraryDespiteTemptationManagersInclinationThings Will Work Out Author:Hyman Rickover
“The debate can be put in the form of the question: Resolved, that the best of money managers cannot be demonstrated to be able to deliver the goods of superior portfolio-selection performance. Any jury that reviews the evidence, and there is a great deal of relevant evidence, must at least come out with the Scottish verdict: Superior investment performance is unproved.” AbleFormDealsEvidencePerformancesInvestmentInvestingDebateSuperiorsManagersGoodsReviewsRelevantSelectionJuryScottishVerdictPortfoliosSuperior Performance Author:Paul Samuelson
“99% of fund managers demonstrate no evidence of skill whatsoever.” SkillsEvidenceInvestingManagersFund Author:William J. Bernstein
“Millions of mutual-fund investors sleep well at night, serene in the belief that superior outcomes result from pooling funds with like-minded investors and engaging high-quality investment managers to provide professional insight. The conventional wisdom ends up hopelessly unwise, as evidence shows an overwhelming rate of failure by mutual funds to deliver on promises.” WellsEndsShowsNightBeliefSleepResultsQualityMillionsPromiseEvidenceInvestmentRateInvestingInsightSuperiorsManagersOutcomesFundMutualOverwhelmingInvestorsConventionalEngagingSereneHigh QualityConventional WisdomUnwiseMutual FundSleep Well Author:David F. Swensen
“There is no evidence that changing your managers repeatedly leads to success, but there is evidence at Manchester United, I was managing there for 26 years I won 38 trophies.” YearsUnitedEvidenceManagersTrophiesManchesterManchester United Author:Alex Ferguson
“It's hard to get money to support your [non-profit] organization if you have no evidence. It's very much like the acting business: You need an agent and manager so you can get a job to get resources, but you can't get an agent and a manager unless people see your work.” PeopleIfsNeedsHardJobsActingSupportEvidenceResourcesOrganizationProfitAgentsManagersGet MoneyNon Profit Author:Sonja Sohn
“I don't think there is any serious evidence that we need to be paying people more than 100 times the average wage in order to get high-performing managers.” PeopleThinkingNeedsOrderSeriousEvidenceAverageManagersPerformingGetting High Author:Thomas Piketty
“We have emphasized the importance of applied action research because it allows evidence-based policy and program development and a focus on learning. We are also committed to using a participatory approach in which local people, local program managers and providers, local researchers, women's health activists, and national decision-makers play the leading role. International "experts" from technical assistance agencies or universities can make important contributions, but they certainly don't have all the answers.” PeopleImportantPlayActionDecisionAnswersRolesFocusPolicyDevelopmentApproachResearchEvidenceProgramImportanceUniversityInternationalCommittedLocalsManagersExpertsAgencyContributionActivistMakersAssistanceResearchersProvidersDecision MakersImportant ContributionsWomen's Health Author:Ruth Simmons