Innovation is impossible for people who need guarantees.

Acting only when you know the outcome means you can only do what's already been done.

Innovation is impossible for people who need guarantees.

Anyone who says failure is not an option has also ruled out innovation.

The rule is that financial operations do not lend themselves to innovation.

The only sure way to avoid making mistakes is to have no new ideas.

You can’t experiment with tradition.

If you're not failing every now and again, it's a sign you're not doing anything very innovative.

There are all kinds of people thinking about all kinds of things all of the time. That sentence sums up what I would describe as the ultimate deterrent to oppose the urge to invent. It is the feeling that it's all been done. Someone must have done this. I was born too late. All the good pickings are in the last century, and other such rubbish.

Organizations are not designed for innovation. Quite the contrary, they are designed for ongoing operations.

I am resolutely opposed to all innovation, all change, but I am determined to understand what’s happening. Because I don’t choose just to sit and let the juggernaut roll over me. Many people seem to think that if you talk about something recent, you’re in favor of it. The exact opposite is true in my case. Anything I talk about is almost certainly something I’m resolutely against. And it seems to me the best way to oppose it is to understand it. And then you know where to turn off the buttons.

I have sufficiently urged that all suggestions as to financial innovation be regarded with extreme skepticism. Such seeming innovation is merely some variant on an old design, new only in the brief and defective memory of the financial world.

The mind uses its creative faculty only when experience requires it.

All serious innovation is only rendered possible by some accident
enabling unpopular persons to survive.

Whoever innovates something in this matter of ours that is not part of it, will have it rejected.