What are bad recommendations you hear in your profession or area of expertise?
Recorded Dan Pallotta said elsewhere, not written here
This is what happens when we confuse morality with frugality. We've all been taught that the bake sale with five percent overhead is morally superior to the professional fundraising enterprise with 40 percent overhead, but we're missing the most important piece of information, which is: What is the actual size of these pies? Who cares if the bake sale only has five percent overhead if it's tiny?

TED2013, 1 March 2013 source ↗

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Ngozi Okonjo-Iweala Director-General of the World Trade Organization from 2021; Finance Minister of Nigeria, 2003–2006 and 2011–2015
And it brings us to the debate that has been going on here: aid versus private sector, aid versus trade, etc. And someone stood up to say that one of the frustrating things is that it's been a simplistic debate. And that's not what the debate should be about. That's engaging in the wrong debate. The issue here is how do we get a partnership that involves government donors, the private sector and ordinary African people taking charge of their own lives? How do we combine all this?
Recorded TEDGlobal 2007, Arusha, 7 June 2007 source ↗
Howard Marks Co-founder and co-chairman of Oaktree Capital Management
There are a few things I dismiss and a few I believe in thoroughly. The former include economic forecasts, which I think don't add value, and the list of the latter starts with cycles and the need to prepare for them.
Recorded Oaktree memo, Oaktree Capital Management (client memo), 20 November 2001 source ↗
Writing fiction is not “self-­expression” or “therapy”. Novels are for readers, and writing them means the crafty, patient, selfless construction of effects. I think of my novels as being something like fairground rides: my job is to strap the reader into their car at the start of chapter one, then trundle and whizz them through scenes and surprises, on a carefully planned route, and at a finely engineered pace.
Recorded The Guardian Review, 20 February 2010 source ↗
Magnus Carlsen Norwegian chess grandmaster; World Chess Champion 2013–2023
Not very well. I try to win the next one. I've always been told that you should win and lose with a smile, but since I became a professional, I've thought the best way of learning to deal with defeat is not to lose.
Recorded On-stage interview, Milken Institute Global Conference, Los Angeles, Chess.com, 5 May 2017 source ↗

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Question What is something everyone in your world agrees about that you think is wrong? Values & belief
Now, this ideology gets policed by this one very dangerous question, which is, "What percentage of my donation goes to the cause versus overhead?" There are a lot of problems with this question. I'm going to just focus on two. First, it makes us think that overhead is a negative, that it is somehow not part of the cause. But it absolutely is, especially if it's being used for growth.
Recorded TED2013, 1 March 2013 source ↗

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Muhammad Yunus, Howard Marks, Warren Buffett, Indra Nooyi, Ngozi Okonjo-Iweala, Elinor Ostrom

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