“Wall Street has come a long way from the insider-dominated world that was blown apart by the Great Depression.” Quote by James Surowiecki
“It is always in season for old men to learn.” MenLiteratureEducationLearningSeasonsOld Man Author:Aeschylus
“We assume that good-looking people are smarter and more effective than they really are, and that homely people are the reverse.” PeopleAssumingReverseSmarterLooking GoodHomely Author:James Surowiecki
“What the investment community does like is short-term measures designed to boost share prices.” DoeTermCommunityShareInvestmentShort TermBoostShare Price Author:James Surowiecki
“The essence of procrastination lies in not doing what you think you should be doing, a mental contortion that surely accounts for the great psychic toll the habit takes on people. This is the perplexing thing about procrastination: although it seems to involve avoiding unpleasant tasks, indulging in it generally doesn't make people happy.” PeopleThinkingShouldSeemsLyingHabitTasksEssenceAccountsProcrastinationAvoidingPsychicsTollsMaking People Happy Author:James Surowiecki
“Academics, who work for long periods in a self-directed fashion, may be especially prone to putting things off: surveys suggest that the vast majority of college students procrastinate, and articles in the literature of procrastination often allude to the author's own problems with finishing the piece.” MayLongSelfProblemLiteraturePiecesFashionStudentsCollegePeriodsMajorityArticlesProcrastinationFinishingSurveysProcrastinatingCollege StudentsPutting Things Off Author:James Surowiecki
“In the heart of the Great Depression, millions of American workers did something they'd never done before: they joined a union. Emboldened by the passage of the Wagner Act, which made collective bargaining easier, unions organized industries across the country, remaking the economy.” HeartMadeCountryDoneMillionsEconomyIndustryEasierUnionsWorkersOrganizedCollectivesPassagesGreat DepressionBargainingWagnerAmerican WorkersCollective Bargaining Author:James Surowiecki
“Politically speaking, it's always easier to shell out money for a disaster that has already happened, with clearly identifiable victims, than to invest money in protecting against something that may or may not happen in the future.” MayHappensHappenedEasierVictimDisasterShells Author:James Surowiecki
“Popular as Keynesian fiscal policy may be, many economists are skeptical that it works. They argue that fine-tuning the economy is a virtually impossible task, and that fiscal-stimulus programs are usually too small, and arrive too late, to make a difference.” MayDifferencesEconomyImpossiblePolicyFineLateProgramTasksArguingMaking A DifferenceToo LateEconomistSkepticalStimulusTuningFiscal PolicyFine Tuning Author:James Surowiecki
“Steve Jobs was rare: a C.E.O. who actually had a huge impact on his company's fortunes. Contrary to corporate mythology, most C.E.O.s could be easily replaced, if not by your average Joe, then by your average executive vice-president. But Jobs genuinely earned the label of superstar.” IfsJobsPresidentCompanyHugeImpactFortuneAverageVicesContraryMythologyLabelsCorporateExecutivesReplacedVice PresidentSuperstarAverage Joe Author:James Surowiecki
“Those who wish to cause religious conflict are small in number but often manage to dominate the headline.” WishCausesReligiousNumbersConflictRacismManageHeadlinesReligious Conflict Author:Tony Blair