quote by Joseph M. Juran

Observing many companies in action, I am unable to point to a single instance in which stunning results were gotten without the active and personal leadership of the upper managers.

— Joseph M. Juran

Staggering Active Management quotations

Active management quote So plant your own gardens and decorate your soul instead of waiting for someone

So plant your own gardens and decorate your soul instead of waiting for someone to bring you flowers.

Most investors are pretty smart. Yet most investors also remain heavily invested in actively managed stock funds. This is puzzling. The temptation, of course, is to dismiss these folks as ignorant fools. But I suspect these folks know the odds are stacked against them, and yet they are more than happy to take their chances.

I can't figure out why anyone invests in active management, so asking me about hedge funds is just an extreme version of the same question. Since I think everything is appropriately priced, my advice would be to avoid high fees. So you can forget about hedge funds.

Active management quote The activity you're most avoiding contains your biggest opportunity.

The activity you're most avoiding contains your biggest opportunity.

Active management is a zero-sum game before cost, and the winners have to win at the expense of the losers.

Active management strategies demand uninstitutional behavior from institutions, creating a paradox that few can unravel. Establishing and maintaining an unconventional investment profile requires acceptance of uncomfortably idiosyncratic portfolios, which frequently appear downright imprudent in the eyes of conventional wisdom.

Most investors would be better off in an index fund.

Active management quote Management is doing things right; Leadership is doing the right things.

Management is doing things right; Leadership is doing the right things.

There is no shortage of time. In fact, we are positively awash with it. We only make good use of 20 per cent of our time.... The 80/20 principle says that if we doubled our time on the top 20% of activities, we could work a two-day week and achieve 60 per cent more than now.

We think the managed security services opportunity is enormous and so we have been an active participant and probably the largest firm in this space outside of an IBM or EDS, which does large outsourcing contracts.

I’d been part, albeit unwillingly, of making millions of women feel that they are to blame if they cannot manage to rise up the ladder as fast as men and also have a family and an active home life (and be thin and beautiful to boot).

Active management quote The person who sends out positive thoughts activates the world around him positi

The person who sends out positive thoughts activates the world around him positively and draws back to himself positive results.

Time can't be managed. I merely manage activities. Each night, I write down on a sheet of paper a list of the things I have to accomplish the next day. And when I wake up ... I do them.

Companies die because their managers focus on the economic activity of producing goods and services, and they forget that their organizations' true nature is that of a community of humans.

Active management is little more than a gigantic con game.

Active management quote Even if you are on the right track, you'll get run over if you just sit there.

Even if you are on the right track, you'll get run over if you just sit there.

If we can manage to refrain from harming others in our everyday actions and words, we can start to give more serious attention to actively doing good, and this can be a source of great joy and inner confidence. We can benefit others through our actions by being warm and generous toward them, by being charitable, and by helping those in need.

The most efficient way to produce anything is to bring together under one management as many as possible of the activities needed to turn out the product.

Properly measured, the average actively managed dollar must underperform the average passively managed dollar, net of costs. Empirical analyses that appear to refute this principle are guilty of improper measurement.

Active management quote Until we can manage time, we can manage nothing else.

Until we can manage time, we can manage nothing else.

Index funds have regularly produced rates of return exceeding those of active managers by close to 2 percentage points. Active management as a whole cannot achieve gross returns exceeding the market as a while and therefore they must, on average, underperform the indexes by the amount of these expense and transaction costs disadvantages.

The secret of my vigor and activity is that I have managed to have a lot of fun.

Indexing is a successful approach to investing not because it's simple, but because it has performed so much better than the average active manager (the opposite of indexing), and the simplicity is just an added bonus.

Active management quote If you want to improve how you manage your time, stop doing what doesn't need to

If you want to improve how you manage your time, stop doing what doesn't need to be done.

20

Too many managers and executives try to reduce programming to a low-level assembly-line activity. That's inefficient, wasteful, costly in the long run, and inhumane to programmers.

The world is cluttered up with unfinished business in the form of projects that might have been successful, if only at the tide point someone's patience had turned to active impatience.

Index investing outperforms active management year after year.

Active management quote Entrepreneurship isn't about luck, it's about vision, time management, creativit

Entrepreneurship isn't about luck, it's about vision, time management, creativity, determination and goals.

I recognized that teaching and research institutions vitally depend on the involvement of active scientists also in management functions.

As a result of overdiversification, their (active managers) returns get watered down. Diversification covers up ignorance. Active managers haven't done enough research into any of their companies. If managers have 200 positions, do you think they know what's going on at any one of those companies at this moment?

My career in academic research has not been involved with active management of securities. I've tried to understand risk-and-return relationships; also the pricing of derivative securities.

Active management quote Everyday has 1440 minutes. Be active for 30!

Everyday has 1440 minutes. Be active for 30!

18

... the best way to own common stocks is through an index fund.

Everybody has a different strategy, but everybody agrees that active management does not beat the market.

A passive mindset "manages" to live with mediocre, but an active mindset "leads" to change until excellence results.

Active management quote Don't mistake activity with achievement.

Don't mistake activity with achievement.

We achieve active mastery over illness and death by delegating all responsibility for their management to physicians, and by exiling the sick and the dying to hospitals. But hospitals serve the convenience of staff not patients: we cannot be properly ill in a hospital, nor die in one decently; we can do so only among those who love and value us. The result is the institutionalized dehumanization of the ill, characteristic of our age.

The manager with the in basket problem does not yet understand that he must discipline himself to take care of activities that fail to excite him.

Successful democratic politicians are insecure and intimidated men.

They advance politically only as they placate, appease, bribe, seduce, bamboozle, or otherwise manage to manipulate the demanding and threatening elements in their constituencies. The decisive consideration is not whether the proposition is good but whether it is popular -- not whether it will work well and prove itself but whether the active talking constituents like it immediately. Politicians rationalize this servitude by saying that in a democracy public men are the servants of the people.

Active management quote  Be happy with the little you have, there are some people with nothing who still

Be happy with the little you have, there are some people with nothing who still manage to smile

17

The essential fact which emerges ... is that the three smallest and most active reservoirs ( of carbon in the global carbon cycle), the atmosphere, the plants and the soil, are all of roughly the same size. This means that large human disturbance of any one of these reservoirs will have large effects on all three. We cannot hope either to understand or to manage the carbon in the atmosphere unless we understand and manage the trees and the soil too.

The Leader will be a person with the management skills to coordinate the activities of the Team, and to assure that the Team remains faithful to the objectives of the incoming President.

I think there are probably too many hedge fund managers in the world, as well as active fund managers. The hedge fund industry is very efficient. We see a lot of hedge funds open and a lot close. It's very binary. You either succeed or fail in the hedge fund world. If you succeed, the amount the managers make it beyond most people's wildest dreams of wealth.

You're faced with creation, you're faced with something very mysterious and very mystical, whether it's looking at the ocean or being alone in a forest, or sometimes looking at the stars. There's really something very powerful about nature that's endlessly mysterious and a reminder of our humanity, our mortality, of more existential things that we usually manage to not get involved with very often because of daily activity.

What we face is a comprehensive contraction of our activities, due to declining fossil fuel resources and other growing scarcities. Our failure is the failure to manage contraction. It requires a thoroughgoing reorganization of daily life. No political faction currently operating in the USA gets this. Hence, it is liable to be settled by a contest for dwindling resources and there are many ways in which this won't be pretty.

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