"Is management rational?..." - Quote by Warren Buffett

“The .350 hitter expects, and also deserves, a big payoff for his performance - even if he plays for a cellar-dwelling team. And a .150 hitter should get no reward - even if he plays for a pennant winner.”

“I don't know that I could draw one that's perfect. But I'd rather by approximately right than precisely wrong, and it would be precisely wrong to turn it down.”

“No matter how great the talent or efforts, some things just take time.”

“Effective organizations put people in jobs in which they can do the most good. They place people -- and allow people to place themselves -- according to their strengths.”

“Efficiency is doing things right; effectiveness is doing the right things.”

“Great organizations demand a high level of commitment by the people involved. Eliminate politics, by giving everybody the same message. Keep a flat organization in which all issues are discussed openly. Empower teams to do their own things.”

“Let me never fall into the vulgar mistake of dreaming that I am persecuted whenever I am contradicted.”

“I said that the world is absurd, but I was too hasty. This world in itself is not reasonable, that is all that can be said. But what is absurd is the confrontation of this irrational and the wild longing for clarity whose call echoes in the human heart.”

“I wonder who it was defined man as a rational animal. It was the most premature definition ever given. Man is many things, but he is not rational.”