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Disagree and commit is a management principle that individuals are allowed to disagree while a decision is being made, but that once a decision has been made, everybody must commit to implementing the decision. Disagree and commit is a method of avoiding the consensus trap, in which the lack of consensus leads to inaction.
For example, Judge Richard Posner once remarked that falsus in uno was a "discredited doctrine" based on "primitive psychology". This assertion was not made in relation to fraudulent documentation or a "material" inconsistency; rather, it was based on what the court characterizes as "innocent mistakes, trivial inconsistencies, and harmless ...
Examples [ edit ] There is a common motif in Russian folk tales , where a vityaz (Russian knight ) comes to a fork in the road and sees a menhir with an inscription that reads: "If you ride to the left, you will lose your horse, if you ride to the right, you will lose your head".
George Box. The phrase "all models are wrong" was first attributed to George Box in a 1976 paper published in the Journal of the American Statistical Association.In the paper, Box uses the phrase to refer to the limitations of models, arguing that while no model is ever completely accurate, simpler models can still provide valuable insights if applied judiciously. [1]
Investors repeating common mistakes is often the primary source for these market inefficiencies. To succeed as an investor, you need to be aware of these mistakes, avoid them and exploit them when ...
Warren Buffett once said you only have to do 'very few things right' in life, as long as you don't do too many wrong things — 3 investing mistakes that can put your retirement at serious risk.
In certain situations, the book is given as a gift, for example, when public funds are involved, or when personal events arise, such as congratulating newlyweds. Today in China, the book Quotations from Chairman Mao Tse-Tung is mostly seen as a piece of nostalgia.
The correct quote is 'If you build it, he will come.' 'Wall Street' Though Gordon Gekko definitely thinks greed is good, his quote is actually 'Greed, for lack of a better word, is good.'