James Surowiecki Quotes

American - Journalist | April 30, 1967 -

The problem with venality in business is that getting outraged about it makes it easy to miss the systemic problems that venality often disguises.

James Surowiecki

BusinessProblemsProblemEasyMiss

To be sure, if you watch CNBC all day long you'll pick up some interesting news about particular companies and the economy as a whole. Unfortunately, to get to the useful information, you have to wade through reams of useless stuff, with little guidance on how to distinguish between the two.

James Surowiecki

DayInterestingLongYouInformation

Although oil is a commodity, it's still not a commodity like coffee, which, thank God, we will have with us always. At some point the oil will run out.

James Surowiecki

GodCoffeeThank GodRunWillOil

The oil market is especially sensitive even to a hint of expansion or contraction in supply.

James Surowiecki

OilExpansionMarketEvenSensitive

The fact that industries wax and wane is a reality of any economic system that wants to remain dynamic and responsive to people's changing tastes.

James Surowiecki

PeopleRealitySystemChangingWax

In practice, downsizing is too often about cutting your work force while keeping your business the same, and doing so not by investments in productivity-enhancing technology, but by making people pull 80-hour weeks and bringing in temps to fill the gap.

James Surowiecki

WorkBusinessTechnologyPractice

Capitalism, after all, is no fun when real failure becomes a possibility.

James Surowiecki

FailureFunCapitalismRealAfter

What the investment community does like is short-term measures designed to boost share prices.

James Surowiecki

CommunityInvestmentShareLikeDoes

Defense contractors are able to reap tremendous profits while rarely confronting the risks for which those profits are supposed to be the reward.

James Surowiecki

RisksRewardDefenseReapAble

In a world where companies increasingly know about their business in real time, it makes no sense that public reporting mostly follows the old quarterly schedule. Companies sit on vital information until reporting day, at which point the market goes crazy.

James Surowiecki

BusinessTimeDayCrazyWorldKnow

If companies tell us more, insider trading will be worth less.

James Surowiecki

WorthWillMoreTellUsLess

On the simplest level, telecommuting makes it harder for people to have the kinds of informal interactions that are crucial to the way knowledge moves through an organization. The role that hallway chat plays in driving new ideas has become a cliche of business writing, but that doesn't make it less true.

James Surowiecki

BusinessKnowledgePeopleIdeasNew

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