Quotes

Thinking, Fast and Slow, Page 342

…money is a proxy for points on a scale of self-regard and achievement.

Management, Page 343

…in knowledge-based work especially, additional capital investment is likely to require more rather than less labor.

The Enthusiastic Employee, Page 343

It is imperative that the company first seek all possible internal candidates for an opening.

Thinking, Fast and Slow, Page 343

For Humans, mental accounts are a form of narrow framing; they keep things under control and manageable by a finite mind.

The Enthusiastic Employee, Page 344

Not dealing with poor performers has morale consequences for their co-workers.

The Enthusiastic Employee, Page 345

Employees typically do not want their colleagues fired, but they become… supportive if they believe that management has done whatever is reasonable to help the employee improve and has otherwise treated him fairly.

Thinking, Fast and Slow, Page 345

A rational decision maker is interested only in the future consequences of current investments.

Management, Page 346

…every organization,- not just businesses – needs one core competence: innovation.

Thinking, Fast and Slow, Page 346

The sunk-cost fallacy keeps people for too long in poor jobs, unhappy marriages, and unpromising research projects.

Thinking, Fast and Slow, Page 346

Intense regret is what you experience when you can most easily imagine yourself doing something other than what you did.