“The four most dangerous words in finance are 'this time is different.' Thanks to this masterpiece by Carmen Reinhart at the University of Maryland and Kenneth Rogoff of Harvard, no one can doubt this again. . . . The authors have put an immense amount of work into collecting the data financial institutions needed if they were to have any chance of making quantitative risk management work.”
Quote by Martin Wolf
Author
Martin Wolf
Martin Wolf is an accomplished journalist, born in 1946. He is renowned for his in-depth economic analysis and commentary, serving as a columnist for the Financial Times. Wolf's reporting and commentary cover a wide range of global financial markets, international politics, and economic policies, having a profound impact on the global financial community. more
You May Also Like
Source: The Devil's Dictionary (or The Cynic's Wordbook: Unabridged with all the Definitions)
“As the Promethean fire which banished Darkness, so Knowledge bears the Power and the Light.”
Source: Strangely Beautiful
Source: On the Wings of Self-esteem: A Companion for Personal Transformation
Source: Art & Fear: Observations on the Perils (and Rewards) of Artmaking
“We are in a race between cooperation and catastrophe, and the threat is outrunning our response.”