Quote

If being the biggest company was a guarantee of success, we'd all be using IBM computers and driving GM cars.

James Surowiecki

Change background

T
T
T

Change font

TAGS & TOPICS

James Surowiecki
Age: 57
Born: 1967
Born: April 30
Journalist
Writer
Meriden
Connecticut
James Michael Surowiecki
Success
Guarantees
Cars
Driving
Biggest
Using
Car
Computer
Guarantee
Company
Computers

More quotes by James Surowiecki

Image
In industries where a lot of competitors are selling the same product - mangoes, gasoline, DVD players - price is the easiest way to distinguish yourself. The hope is that if you cut prices enough you can increase your market share, and even your profits. But this works only if your competitors won't, or can't, follow suit.
James Surowiecki
Image
Political risk is hard to manage because so much comes down to the personal choices of policymakers, whether prime ministers or heads of central banks.
James Surowiecki
Image
One key to successful group decisions is getting people to pay much less attention to what everyone else is saying.
James Surowiecki
Image
If someone really wants my company's business, why shouldn't he be able to do everything he can - including paying me off - to get that business? Because bribery encourages people to make decisions based on the wrong criteria, which means in the business world that it distorts the efficient allocation of resources.
James Surowiecki
Image
I think there is clearly a connection between free time and procrastination. The more you have of the former, all things being equal, the more likely you are to procrastinate.
James Surowiecki
Image
You might think of consumption as a fairly passive activity, but buying new products and services is actually pretty risky, at least if you value your time and money.
James Surowiecki
Image
Of course, looking tough on inflation is part of any central banker's job description: if investors believe that inflation is going to get out of control, you end up with higher interest rates and capital flight, and a vicious circle quickly ensues.
James Surowiecki
Image
In part because individual judgement is not accurate enough or consistent enough, cognitive diversity is essential to good decision making.
James Surowiecki
Image
As technology improves, on-screen avatars look more and more like real people. When they start looking too real, though, we pull away. These almost-humans aren't quite right they look creepy, like zombies.
James Surowiecki
Image
If small groups are included in the decision-making process, then they should be allowed to make decisions. If an organization sets up teams and then uses them for purely advisory purposes, it loses the true advantage that a team has: namely, collective wisdom.
James Surowiecki
Image
Under the right circumstances, groups are remarkably smart - smarter even sometimes than the smartest people in them.
James Surowiecki
Image
Campaigns fail if they waste resources courting voters who are unpersuadable or already persuaded. Their most urgent task is to find and persuade the few voters who are genuinely undecided and the larger number who are favorably disposed but need a push to actually vote.
James Surowiecki
Image
What an economy really wants, after all, is not more investment per se but better investment. It wants capital to flow to companies that will create value - not in the form of a rising stock price but in the form of more goods for less cost, more jobs, and rising wages - by enhancing productivity.
James Surowiecki
Image
Lower oil prices won't, by themselves, topple the mullahs in Iran. But it's significant that, historically, when oil prices have been low, Iranian reformers have been ascendant and radicals relatively subdued, and vice versa when prices have been high.
James Surowiecki
Image
The truth is that the United States doesn't need, and shouldn't have, a debt ceiling. Every other democratic country, with the exception of Denmark, does fine without one.
James Surowiecki
Image
The important thing about groupthink is that it works not so much by censoring dissent as by making dissent seem somehow improbable.
James Surowiecki
Image
I tend to have a hard time working on pieces long before they're due. That's why I think the fact that I write a column is really good for me - the column has to be done, and there's no getting around it.
James Surowiecki
Image
Downsizing itself is an inevitable part of any creatively destructive economy.
James Surowiecki
Image
From a social point of view, it's beneficial that homeownership encourages commitment to a given town or city. But, from an economic point of view, it's good for people to be able to leave places where there's less work and move to places where there's more.
James Surowiecki
Image
In the heart of the Great Depression, millions of American workers did something they'd never done before: they joined a union. Emboldened by the passage of the Wagner Act, which made collective bargaining easier, unions organized industries across the country, remaking the economy.
James Surowiecki