quote by Taiichi Ohno

Having no problems is the biggest problem of all.

— Taiichi Ohno

Contentment Risk Management quotations

Risk management quote Ho who is not courageous enough to take risks will accomplish nothing in life.

Ho who is not courageous enough to take risks will accomplish nothing in life.

Standards should not be forced down from above but rather set by the production workers themselves.

I should estimate that in my experience most troubles and most possibilities for improvement add up to the proportions something like this: 94% belongs to the system responsibility of management 6% special

Risk management quote Life is inherently risky. There is only one big risk you should avoid at all cos

Life is inherently risky. There is only one big risk you should avoid at all costs, and that is the risk of oding nothing.

Management by results - like driving a car by looking in rear view mirror.

My first move as the manager of the machine shop was to introduce standardized work.

Successful problem solving requires finding the right solution to the right problem. We fail more often because we solve the wrong problem than because we get the wrong solution to the right problem.

Risk management quote You only live once. You don't want your tombstone to read: Played it safe.

You only live once. You don't want your tombstone to read: Played it safe.

When you see data, doubt [them]! When you see measurements, doubt them!

Management is a curious phenomenon. It is generously paid, enormously influential, and significantly devoid of common sense

It's better to solve the right problem approximately than to solve the wrong problem exactly.

Risk management quote Take the risk or lose the chance.

Take the risk or lose the chance.

36

Index funds eliminate the risks of individual stocks, market sectors, and manager selection. Only stock market risk remains.

Managers are not confronted with problems that are independent of each other, but with dynamic situations that consist of complex systems of changing problems that interact with each other. I call such situations messes. Problems are extracted from messes by analysis. Managers do not solve problems, they manage messes.

It is far better to do the right thing wrong than to do the wrong thing right.

Risk management quote Never allow waiting to become a habit. Live your dreams and take risks. Life is

Never allow waiting to become a habit. Live your dreams and take risks. Life is happening now.

During depression the world disappears.

Language itself. One has nothing to say. Nothing. No small talk, no anecdotes. Nothing can be risked on the board of talk. Because the inner voice is so urgent in its own discourse: How shall I live? How shall I manage the future? Why should I go on?

Successful investing is about managing risk, not avoiding it.

A problem never exists in isolation; it is surrounded by other problems in space and time. The more of the context of a problem that a scientist can comprehend, the greater are his chances of finding a truly adequate solution.

Risk management quote Take risks and conquer your fears.

Take risks and conquer your fears.

Never ask a barber if you need a haircut.

Risk management is the most important thing to be well understood.

Undertrade, undertrade, undertrade is my second piece of advice. Whatever you think your position ought to be, cut it at least in half.

One thing that makes it possible to be an optimist is if you have a contingency plan for when all hell breaks loose.

Risk management quote Take risks - if you win, you will be happy. If you lose, you will be wise.

Take risks - if you win, you will be happy. If you lose, you will be wise.

26

There is no doubt that Formula 1 has the best risk management of any sport and any industry in the world.

From the happy-go-lucky days of oil exploration and drilling, when a lot of easy sources were being found and easily managed, we're gotten ourselves into this sort of apocalyptic time. We're willing to destroy almost everything, risk almost anything, and go ahead with techniques for which we have no way of responding to the known problems.

Risk it, go for it. Life always gives you another chance, another go at it. It's very important to take enormous risks.

Risk management quote Never allow waiting to become a habit. Live your dreams and take risks. Life is

Never allow waiting to become a habit. Live your dreams and take risks. Life is happening now.

26

You cannot allow any of your people to avoid the brutal facts.

If they start living in a dream world, it's going to be bad.

Markets are efficient, but there are different dimensions of risk and those lead to different dimensions of expected returns. That's what people should be concerned with in their investment decisions and not with whether they can pick stocks, pick winners and losers among the various managers delivering basically the same product.

The thing is, continuity of strategic direction and continuous improvement in how you do things are absolutely consistent with each other. In fact, they're mutually reinforcing.

Risk management quote If you are unwilling to risk the unusual, you will have to settle for the ordina

If you are unwilling to risk the unusual, you will have to settle for the ordinary.

Do not fear adversity. Remember, a kite rises against the wind rather than with it. People are not willing to take risks when they feel afraid or threatened. But if you manage people by love-that is, if you show them respect and trust-they start to perform up to their real capabilities.

All of life is the management of risk, not its elimination.

If you spend more than 13 minutes analyzing economic and market forecasts, you've wasted 10 minutes

Risk management quote Only those who will risk going too far can possibly find out how far one can go.

Only those who will risk going too far can possibly find out how far one can go.

25

Risk is a function of how poorly a strategy will perform if the 'wrong' scenario occurs.

Businesses can be opaque. They are complex. You don't know how aircraft engines work either.

A company will get nowhere if all of the thinking is left to management.

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

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

The essence of investment management is the management of risks, not the management of returns.

Then it becomes necessary to get the field organisation to accept the help provided. This is normally the role of the Change Manager; to implement the change that no-one asked for or wants.

A good rule of thumb is to assume that everything matters.

Even a correct decision is wrong when it was taken too late.

If you don't invest in risk management, it doesn't matter what business you're in, it's a risky business.

famous quotes