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Innovation Quotes

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Innovation Quotes

“Financial innovation can be highly dangerous, though almost no one will tell you this. New financial products are typically created for sunny days and are almost never stress-tested for stormy weather. Securitization is an area that almost perfectly fits this description; markets for securitized assets such as subprime mortgages completely collapsed in 2008 and have not fully recovered. Ironically, the government is eager to restore the securitization markets back to their pre-collapse stature.”

GovernmentDangerousProductsFitAreasStressInnovationFinancialWeatherDescriptionAssetsCollapseTestedSunnyMortgageStatureStormySunny DayStormy Weather
Author:Seth Klarman
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“We wanted to see how access to care can be expanded and service quality can be improved when one uses a participatory approach to program development. We showed that major changes become possible if you work in a participatory manner, listen to local people, diagnose what the problems are, provide training and identify where there are opportunities for mobilizing local resources to take action. In time leaders from other municipalities expressed interest in replication and the project succeeded in expanding innovations to three other areas.”

PeopleIfsUseProblemCareActionWantedThreeOpportunityInterestQualityLeaderDevelopmentProjectsApproachMajorsTrainingResourcesAreasProgramInnovationAccessLocalsExpandingMunicipalityMajor ChangeQuality ServiceReplication
Author:Ruth Simmons
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“Innovation doesn't come from one big thing, it comes from a piece at a time, from combining existing technology. We have in a sense a stagnation, in all those areas where we have cronyism and political correctness and the precautionary principle. Get all of those together, then yeah, you have stagnation, and that's what we're seeing.”

BigsTogetherPoliticalPrinciplesTechnologyPiecesSeeingAreasInnovationYeahBig ThingsPolitical CorrectnessCorrectnessStagnationCombiningCronyism
Author:Charles Koch
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“Don't underestimate the therapeutic value of gardening. It's the one area where we can all use our nascent creative talents to make a truly satisfying work of art. Every individual, with thought, patience and a large portion of help from nature, has it in them to create their own private paradise: truly a thing of beauty and a joy for ever.”

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Author:Geoff Hamilton
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“Creativity and innovation are something you can’t flowchart out. Some things you can, and we do, and we’re very disciplined in those areas. But creativity isn’t one of those. A lot of companies have innovation departments, and this is always a sign that something is wrong when you have a VP of innovation or something. You know, put a for-sale sign on the door.”

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Author:Tim Cook
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