No. of Recommendations: 5
I think this is what I'm trying to say, in case anyone's interested, is in this ballpark.

Henry Mintzberg, a finance professor at McGill University once wrote,

"While hard data may inform the intellect, it is largely soft data that generates wisdom. They may be difficult to 'analyze', but they are indispensable for 'synthesis' - the key to strategy making" and also said, "We've become prisoners of measurement: audits, league tables, targets. It just destroys creativity. Look, I'm not opposed to measuring things that can be measured - I'm opposed to letting those things drive everything else out ... What would happen if we started from the premise that we can't measure what matters and go from there? Then, instead of measurement, we'd have to use something very scary; it's called judgement."

He is talking about this from the standpoint of executives but I think it's relevant to investors.
Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.