Judgment comes from experience - and experience comes from bad judgment. Walter Wriston More Quotes by Walter Wriston More Quotes From Walter Wriston The person who figures out how to harness the collective genius of his or her organization is going to blow the competition away. Walter Wriston organizationbusinessblow Human capital will go where it is wanted, and it will stay where it is well treated. It cannot be driven; it can only be attracted. Walter Wriston drivenwellswanted All of life is the management of risk, not its elimination. Walter Wriston riskmanagementlife-is Information about money has become almost as important as money itself. Walter Wriston informationimportant Capital will always go where it’s welcome and stay where it’s well treated. Walter Wriston welcomeinvestingideas Countries don't go out of business....The infrastructure doesn't go away, the productivity of the people doesn't go away, the natural resources don’t go away. And so their assets always exceed their liabilities, which is the technical reason for bankruptcy. And that's very different from a company. Walter Wriston going-awaycountrypeople Capital goes to where it can escape taxation and be used to pay employees in sacks of rice. Walter Wriston taxationusedpay Failure is not a crime. Failure to learn from failure is. Walter Wriston i-have-made-mistakescrimefailure The information revolution has changed wealth. Intellectual capital is far more important than money. Walter Wriston revolutionimportantintellectual Capital goes where it is welcome and stays where it is well treated. Walter Wriston treatedwelcomewells Information about money is more important than money itself. Walter Wriston informationimportant The guy with the competitive advantage is the one with the best technology. Walter Wriston advantagetechnologyguy Every line in the government's budget has its own constituency. Walter Wriston budgetslinesgovernment 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 rising-priceswagesessentials 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 donewould-bepeople One man saying that everything is wrong can command coast-to-coast attention in living color, a power not given to an absolute monarch a century ago. Walter Wriston colorattentionmen When you retire you go from Who's Who to Who's That? Walter Wriston retiringaging We're not in cultures which support learning; we're in cultures that give us the message consistently: "Don't mess up, don't make mistakes, don't make the boss look bad, don't give us any surprises." So we're asking for a kind of predictability, control, respect, and compliance that has nothing to do with learning. Walter Wriston supportmistakegiving Banking is a branch of the information business. Walter Wriston bankinginformationbranches 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 armyimportantorganization
