quotes – Page 2 – understand-culture

Kahneman Quotes

Daniel Kahneman is an Israeli-American psychologist notable for his work on the psychology of judgment and decision-making, for which he was awarded the 2002 Nobel Memorial Prize in Economic Sciences.

His empirical findings challenge the assumption of human rationality prevailing in modern economic theory. In the same year, his book Thinking, Fast and Slow, which summarizes much of his research, was published and became a best seller.

„True intuitive expertise is learned from prolonged experience with good feedback on mistakes.“

„We think, each of us, that we’re much more rational than we are. And we think that we make our decisions because we have good reasons to make them. Even when it’s the other way around. We believe in the reasons, because we’ve already made the decision.“

„There’s a lot of randomness in the decisions that people make.“

„Nobody would say, ‘I’m voting for this guy because he’s got the stronger chin,’ but that, in fact, is partly what happens.“

„It is the consistency of the information that matters for a good story, not its completeness. Indeed, you will often find that knowing little makes it easier to fit everything you know into a coherent pattern.“

„We’re blind to our blindness. We have very little idea of how little we know. We’re not designed to know how little we know.“

„We are very influenced by completely automatic things that we have no control over, and we don’t know we’re doing it.“

Imagination and Focus

„You can’t depend on your eyes when your imagination is out of focus.“ Mark Twain

„Concentrate all your thoughts upon the work at hand. The sun’s rays do not burn until brought to a focus.“ Alexander Graham Bell

“That’s been one of my mantras – focus and simplicity. Simple can be harder than complex: You have to work hard to get your thinking clean to make it simple. But it’s worth it in the end because once you get there, you can move mountains.“ Steve Jobs

„I don’t focus on what I’m up against. I focus on my goals and I try to ignore the rest.“ Venus Williams

„My approach to every game was to try to erase the games that were before and try to focus on the game at hand.“ Cal Ripken, Jr.

Best Ideas are Simplest

“If you can’t explain it simply, you don’t understand it well enough. If you are out to describe the truth, leave elegance to the tailor.” Albert Einstein

“Simple can be harder than complex: You have to work hard to get your thinking clean to make it simple. But it’s worth it in the end because once you get there, you can move mountains.” Steve Jobs

“The greatest ideas are the simplest.” William Golding, Lord of the Flies

“A little simplification would be the first step toward rational living.” Eleanor Roosevelt

Timotheus Höttges

In a May 2015 article Deutsche Telekom CEO Timotheus Höttges was asked what his biggest management mistake had been thusfar in his career.

Höttges responded that in his days as the head of T-Mobile Germany back at the beginning of the 2000s, he was very motivated and came up with at least one new idea every day of the week.

He admitted to demanding too much of the managers and employees. In doing so he overwhelmed the entire company. Höttges said that he had learned over the years. Today he focuses only on what has been agreed upon. Even if he has ten other good ideas.

“Interest not Reason”

“Would you persuade, speak of interest, not of reason.” Benjamin Franklin, 1706-1790, statesman, scientist, and philosopher

“There is nothing in the world like persuasive speech to fuddle the mental apparatus.” Mark Twain, 1835-1910, author and satirist

“People don’t ask for facts in making up their minds. They would rather have one good, soul-satisfying emotion than a dozen facts.” Robert Keith Leavitt, 1895-1967, advertising copywriter and non-fiction writer

“Enchantment is the purest form of sales. Enchantment is all about changing people’s hearts, minds and actions because you provide them a vision or a way to do things better. The difference between enchantment and simple sales is that with enchantment you have the other person’s best interests at heart, too.” Guy Kawasaki, 1954 – , author, venture capitalist, technologist and former chief evangelist at Apple Computer

“Sales-driven cultures can really differentiate you from the majority of your competition. That doesn’t mean being salesperson oriented, just sales oriented: winning deals, smelling the blood and going in for the kill.” Josh James, 1970- , CEO of Domo, was the youngest CEO of a Nasdaq or NYSE traded company

“a tremendous whack”

“If you have an important point to make, don’t try to be subtle or clever. Use a pile driver. Hit the point once. Then come back and hit it again. Then hit it a third time – a tremendous whack.” This statement is attributed to Winston Churchill, whose mother was an American.

“… an idiot could lead”

“I’m looking for companies which an idiot could lead.” Warren Buffett. May 2015.

Buffett is an American investor, businessman and philanthropist. With an estimated $72.7 billion he is estimated to be the third-wealthiest person in the world.

The majority of that wealth is in Berkshire-Hathaway, the investment firm he founded and leads. Stocks in Berkshire are the most expensive in the world.

His formula for successful investing: He looks to buy stocks in companies that are so successful that an idiot could run them. For sooner or later one will. Buffett has a few basic rules. One is investing in companies whose business model is immediately and intuitively understood.

Credible and intelligent

“If you care about being thought credible and intelligent, do not use complex language where simpler language will do. Couching familiar ideas in pretentious language is taken as a sign of poor intelligence and low credibility.” From Thinking, Fast and Slow. Daniel Kahneman, 2002 winner of the Nobel Prize for Economics.

„Problems“. Quotes

Comparing two German with two American quotes about “problems” provides insight into the differences between the two Problemverständnissen – literally problem-understandings.

“To recognize the problem is more important than to recognize the solution, for the accurate and precise description of the problem leads to its solution.” Albert Einstein

“The conception of the problem is more important than the conception of the solution. More lies in the question than in the answer.” Walter Rathenau

“Most people spend more time and energy going around problems than in trying to solve them.” Henry Ford

“I’ve had a lot of worries in my life, most of which never happened.” Mark Twain

Advice-givers advice

There are hundreds of American advice-givers on the web. Let’s read what they write about unsolicited advice:

“Your opinion is valuable, your advice even more precious. So, save it. Keep it for yourself. Odds are, you need it more than I do. So, please don’t give that sh*t away, certainly not without even being asked.”

“Have a nice day,” said the mom to her teenage daughter; to which the daughter replied, `Motherrrr, will you pulleeeeze stop telling me what to do!´ I empathize with both parties in this old joke. Sometimes we get so overrun by unsolicited advice that even the most innocuous, benevolent advice becomes intolerable.”

“Unsolicited Advice: We’ve all received it at some point in our lives and we’ve all given it as well. In some few cases, if we didn’t know enough about the circumstance to ask for advice then we are appreciative if someone tells us – but those moments are few and far between. The majority of the time we feel that the other person is trying to take our own power away. We feel as if they believe that we are not capable of taking care of ourselves and knowing what we need.”

“Four tips on how to give unsolicited advice: 1. Rephrase your advice as your own personal experience. 2. To repeat: Keep your stories short and relevant. Most people’s attention span is a lot shorter than your speaking ability! 3. If you must give direct advice disguise it as “How I did it” or “How someone else did it”. 4. Accept that the recipient will reject or act on your advice at their own will and allow them their self motivation.”