Allocation Quotes

• All companies have many opportunities. Strategy is about allocation of resources and priorities.

  Michael J. Silverstein

  Opportunity, Priorities, Strategy

  Interview with Bob Morris, bobmorris.biz. November 28, 2015.

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• Just in terms of allocation of time resources, religion is not very efficient. There's a lot more I could be doing on a Sunday morning.

  Bill Gates

  Inspirational, Morning, Atheist

  Bill Gates, Janet Lowe (1998). “Bill Gates Speaks: Insight from the World's Greatest Entrepreneur”, p.220, John Wiley & Sons

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• The most important key to successful investing can be summed up in just two words-asset allocation.

  Michael LeBoeuf

  Successful, Two, Keys

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• The difference between success and failure is not which stock you buy or which piece of real estate you buy, it's asset allocation.

  Tony Robbins

  Real, Differences, Pieces

  "Self-help guru Tony Robbins tackles financial advice". Interview with Robert Channick, www.chicagotribune.com. November 27, 2014.

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• You should have a strategic asset allocation mix that assumes that you don't know what the future is going to hold.

  Ray Dalio

  Should Have, Assuming, Assets

  Speech at the Corporate Program's CEO Speaker Series, www.cfr.org. September 12, 2012.

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• What is the manager's job? It is to direct the resources and the efforts of the business toward opportunities for economically significant results. This sounds trite - and it is. But every analysis of actual allocation of resources and efforts in business that I have ever seen or made showed clearly that the bulk of time, work, attention, and money first goes to problems rather than to opportunities, and, secondly, to areas where even extraordinarily successful performance will have minimal impact on results.

  Peter Drucker

  Jobs, Successful, Opportunity

  Peter F. Drucker, Harvard Business Review (2016). “The Peter F. Drucker Reader: Selected Articles from the Father of Modern Management Thinking”, p.33, Harvard Business Review Press

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• History shows you don't know what the future brings.

  G. Richard Wagoner, Jr.

  Shows, Asset Allocation, Knows

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• The resource allocation task of top management has received too much attention when compared to the task of resource leverage.

  C. K. Prahalad

  Top Management, Tasks, Attention

  Gary Hamel, C. K. Prahalad (2013). “Competing for the Future”, p.174, Harvard Business Press

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• Strategy is simply resource allocation. When you strip away all the noise, that's what it comes down to. Strategy means making clear cut choices about how to compete. You cannot be everything to everybody, no matter what the size of your business or how deep its pockets.

  Jack Welch

  Mean, Cutting, Choices

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• Education is the most important thing you can have.

  Torrey Smith

  Important, Important Things, Scientism

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• It's not about having a specific set time; both personal and professional lives are 24/7. It's simply, more about making the right allocation to each one and recognizing that it's going to be different every single day

  Ellen J. Kullman

  Inspiration, Different, Personal And Professional Life

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• Mere allocation of huge sums of money for quality will not bring quality.

  W. Edwards Deming

  Quality, Mere, Huge

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• An asset allocation plan is based on your personal circumstances, goals, time-horizon, and need and willingness to take risk.

  Michael LeBoeuf

  Goal, Risk, Needs

  Taylor Larimore, Mel Lindauer, Michael LeBoeuf (2006). “The Bogleheads' Guide to Investing”, p.267, John Wiley & Sons

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• The conventional asset-allocation method is like sheet music. It is prescribed, it has right answers and wrong answers and it sounds about the same every time. But jamming is different. Jamming is when you make the music. When you improvise and adapt to conditions. When you are creative.

  John Kao

  Creative, Sound, Different

  Interview with Joel Kurtzman, www.strategy-business.com. October 1, 1996.

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• Have I ever remarked on how completely ridiculous it is to ask high school students to decide what they want to do with the rest of their lives and give them nearly no support in doing so? Support like, say, spending a day apiece watching twenty different jobs and then another week at their top three choices, with salary charts and projections and probabilities of graduating that subject given their test scores? The more so considering this is a central allocation question for the entire economy?

  Eliezer Yudkowsky

  Jobs, School, Giving

  "Eliezer_Yudkowsky comments on Memetic Hazards in Videogames - Less Wrong". lesswrong.com. September 10, 2010.

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• The tyranny of distance is such an important element of policy and the allocation of resources.

  George Brandis

  Distance, Important, Elements

  Source: www.abc.net.au

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• The most important thing you can have is a good strategic asset allocation mix. So, what the investor needs to do is have a balanced, structured portfolio – a portfolio that does well in different environments…. we don't know that we're going to win. We have to have diversified bets.

  Ray Dalio

  Winning, Important, Doe

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• We didn't actually overspend our budget. The health Commission allocation simply fell short of our expenditure.

  Frank Howard Clark

  Money, Business, Hair

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• What matters is not the allocation of portions out of a fund presented to man by nature. The problem is rather to further those social institutions which enable people to continue and to enlarge the production of all those things which they need.

  Ludwig von Mises

  Men, What Matters, People

  Ludwig Von Mises (1978). “Anti-Capitalistic Mentality, The”, p.81, Ludwig von Mises Institute

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• 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

  Mean, People, Decision

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• Accounting consequences do not influence our operating or capital-allocation decisions. When acquisition costs are similar, we much prefer to purchase $2 of earnings that is not reportable by us under standard accounting principles than to purchase $1 of earnings that is reportable.

  Warren Buffett

  Decision, Investing, Earning

  Richard J. Connors, Warren Buffett (2010). “Warren Buffett on Business: Principles from the Sage of Omaha”, p.193, John Wiley & Sons

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• What looks like resistance in many cases is rational responses to incentives and ingrained resource-allocation processes.

  Scott D. Anthony

  Looks, Incentives, Resistance

  Source: bobmorris.biz

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• It's my guess that something like 5% of GDP goes to money management and itsattendant friction. I define it broadly - annuities, incentive pay, all trading, etc. Nobody else has used figures that high, but that's my guess. Worst of all, the people doing this are among the best and the brightest. Hundreds and thousands of engineers, etc. are going into hedge funds and investment banking. That is not an intelligent allocation of the brainpower of the civilization.

  Charlie Munger

  Intelligent, Gdp, Civilization

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• What you have in most education software is that they're catering to the decision-maker who makes the budget allocations, and that decision-maker has a lot of check boxes. Does it do this? Check. Does it do that? Check. They could care less about the end user experience.

  Salman Khan

  Decision, Doe, Care

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• I don't often know where my ideas come from. Maybe it's the fact that I'm obsessively regimented in my analysis, borderline autistic. But whether it's bond selection or asset allocation, we can do it better than just about anybody around.

  Jeffrey Gundlach

  Ideas, Analysis, Facts

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