The quote is new to me, the concept is not.
The single worst strategic mistake that any software company can make: rewrite the code from scratch. (Joel Spolsky)
I’ve got mixed feelings about it. I agree that rewriting software from scratch is a painful process, so it’s good to see that affirmed. On the other hand, someones just given the thumbs down to the project that’s occupied the last 2 years of my life.
Still, the project is pretty much complete. Let’s hope we’re the exception to the rule.