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In the days when corporate downsizing was all the rage, Wall Street took a lot of flak for judging companies too harshly and setting the bar for corporate performance so high that executives felt their only option was to slash payrolls.

From James Surowiecki

What an economy really wants, after all, is not more investment per se but better investment. It wants capital to flow to companies that will create value - not in the form of a rising stock price but in the form of more goods for less cost, more jobs, and rising wages - by enhancing productivity.

From James Surowiecki

You can't fuel real economic growth with indiscriminate credit. You can only fuel it with well-allocated, long-term investment.

From James Surowiecki

Instead of mindlessly tossing billions at or taking billions from the Net as such, investors should be spending their time making sure that it's the future Fords and General Motors of cyberspace that are getting the capital they need.

From James Surowiecki

In confusing stock options with ownership, corporations confuse trappings with substance.

From James Surowiecki

What corporations fear is the phenomenon now known, rather inelegantly, as 'commoditization.' What the term means is simply the conversion of the market for a given product into a commodity market, which is characterized by declining prices and profit margins, increasing competition, and lowered barriers to entry.

From James Surowiecki

Moviegoers love the intricacies of a crime all the more when it's for a good cause.

From James Surowiecki

The problem with venality in business is that getting outraged about it makes it easy to miss the systemic problems that venality often disguises.

From James Surowiecki

If someone really wants my company's business, why shouldn't he be able to do everything he can - including paying me off - to get that business? Because bribery encourages people to make decisions based on the wrong criteria, which means in the business world that it distorts the efficient allocation of resources.

From James Surowiecki

Wall Street has come a long way from the insider-dominated world that was blown apart by the Great Depression.

From James Surowiecki

James Surowiecki

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