Quote

Many organizations are now trying to walk under the banner of The Learning Organization, realizing that knowledge is our most important product ... But the only place that I've seen it is in the Army. As one colonel said, We realized a while ago that it's better to learn than be dead.

Walter Wriston

Change background

T
T
T

Change font

TAGS & TOPICS

Walter Wriston
Age: 85 †
Born: 1919
Born: August 3
Died: 2005
Died: January 19
Banker
Middletown
Connecticut
Walter Bigelow Wriston
Many
Walks
Organizations
Important
Learning
Product
Trying
Realizing
Realized
Seen
Army
Knowledge
Organization
Learn
Products
Colonel
Place
Walk
Colonels
Better
Dead
Banner

More quotes by Walter Wriston

Image
Capital will always go where it’s welcome and stay where it’s well treated. Capital is not just money. It’s also talent and ideas. They, too, will go where they’re welcome and stay where they are well treated.
Walter Wriston
Image
It is a maxim of cryptology that what one man can devise, another can unravel. This principle keeps armies of tax lawyers and accountants employed, but adds nothing to our national productivity.
Walter Wriston
Image
When you retire you go from Who's Who to Who's That?
Walter Wriston
Image
A truly global economy, as opposed to the multinational economy of the recent past, will require concessions of national power ... that seemed impossible a few years ago and which even now we can but partly imagine.
Walter Wriston
Image
If we had a truth-in Government act comparable to the truth-in-advertising law, every note issued by the Treasury would be obliged to include a sentence stating: This note will be redeemed with the proceeds from an identical note which will be sold to the public when this one comes due.
Walter Wriston
Image
The guy with the competitive advantage is the one with the best technology.
Walter Wriston
Image
There'll be a growing disparity between economics and politics. An economy that grows so rapidly is intractably global. On the other hand, the current political system is intractably national. So there is a growing dichotomy between a global economy and locally based politics.
Walter Wriston
Image
Information about money has become almost as important as money itself.
Walter Wriston
Image
Information about money is more important than money itself.
Walter Wriston
Image
The information revolution has changed wealth. Intellectual capital is far more important than money.
Walter Wriston
Image
Failure is not a crime. Failure to learn from failure is.
Walter Wriston
Image
I walk into all these organizations, and I'm always puzzled when I realize that people still want to be there. Most people really want to love their organizations. We need that level of commitment ... Yet organizations have done very little to deserve that kind of staying-power.
Walter Wriston
Image
Capital goes to where it can escape taxation and be used to pay employees in sacks of rice.
Walter Wriston
Image
Information is a business in itself. It is also something that has made control impossible ... you cannot get customers to accept prices in one place when they know there's a better deal elsewhere. It's a whole new world.
Walter Wriston
Image
Rising prices or wages do not cause inflation they only report it. They represent an essential form of economic speech, sincemoney isjust another form of information.
Walter Wriston
Image
Risk is not a dirty word.
Walter Wriston
Image
Banking is a branch of the information business.
Walter Wriston
Image
A country does not go bankrupt.
Walter Wriston
Image
Every line in the government's budget has its own constituency.
Walter Wriston
Image
The greatest testimony to the human spirit that I'm witnessing now is the fact that people still come back to work, after all that has been done to them. They are still willing to participate for a more positive future if they would be sincerely invited.
Walter Wriston