The Quotation IndexThe trusted reference for quotations and the sources behind them
Tag Tag Resource allocation
There’s a simple rule: fish where the fish are.
Charlie Munger Daily Journal Corporation Annual Meeting · 2020

Quotes

“Put all your eggs in the one basket and—watch that basket!”

Mark Twain · The Tragedy of Pudd'nhead Wilson, 1894 · Primary source

“Remember that by saying yes—to projects, a course of action, or whatever—you are implicitiy saying no to something else. Each time you make a commitment, you forfeit your chance to commit to something else.”

Andrew S. Grove · High Output Management, 1983 · Primary source

“Hedging is expensive and dilutes commitment.”

Andrew S. Grove · Only the Paranoid Survive, 1996 · Primary source

“If you’re wrong, you will die. But most companies don’t die because they are wrong; most die because they don’t commit themselves. They fritter away their momentum and their valuable resources while attempting to make a decision. The greatest danger is in standing still.”

Andrew S. Grove · Only the Paranoid Survive, 1996 · Primary source

“For many events, roughly 80% of the effects come from 20% of the causes.”

Vilfredo Pareto · No reliable source

Related Tags

Decision-making 35 Commitment 17 Focus 10 Trade-offs 7 Risk management 7 Prioritisation 6 Competitive advantage 6 Concentration 6 Momentum 5 Opportunity cost 3 Competitive pressure 2 Opportunity selection 2 Pareto principle 2 Strategic focus 1 Organisational concentration 1 Strategic execution 1 Market positioning 1 80/20 rule 1 Unequal distribution 1 Vigilance 1