Most organizations can’t afford to do detailed evaluations on the effect they’re having, which makes it hard for impact investors to find undervalued projects and make smart judgments about where to put their money.
Place a lot of small, low-ball bets, rather than a few big ones, and those you win will really pay off. You won’t get the stars, but you’ll get a lot of good producers. And it’s the way businesses need to deal with the uncertainties in innovation and technological progress as well.
If all businesses were run like the Oakland A’s under Billy Beane—as portrayed in the new movie "Moneyball"—we'd be making personnel decisions based on scientific approaches to assess talent rather than preconceived pedigrees.
"I was up at 4:30 this morning, on the Net. I love going to Stetson University's site, or James Madison's, to see what their ball teams did last night. That's the fun part of this game — that's the foundation. To me, that's why we're in this game — because we love it at the grass roots, where it's still at its most pure."