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Quote by James Surowiecki

“The fundamental problem with banks is what it's always been: they're in the business of banking, and banking, whether plain vanilla or incredibly sophisticated, is inherently risky.”

Quote by James Surowiecki

Author

James Surowiecki

James Surowiecki is a renowned journalist and author, born in 1967. He is known for his insightful analysis of economic and social issues, particularly for his ability to translate complex economic theories into easily understandable content. more

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“But I am an optimist about Britain; and the difference between an optimist and a pessimist is not that the optimist believes the world is wonderful and the pessimist believes it's beset by challenges; the difference is the pessimist believes we will be defeated by them; the optimist thinks the challenges can be overcome.”

Thinking World Believe Challenges Differences Wonderful Overcoming Britain Defeated Optimist Pessimist

Author:Tony Blair

“The history of the Internet is, in part, a series of opportunities missed: the major record labels let Apple take over the digital-music business; Blockbuster refused to buy Netflix for a mere fifty million dollars; Excite turned down the chance to acquire Google for less than a million dollars.”

“The paradox of Steve Jobs's career is that he had no interest in listening to consumers - he was famously dismissive of market research - yet nonetheless had an amazing sense of what consumers actually wanted.”

Wanted Jobs Interest Careers Listening Research Consumers Paradox Market Research

Author:James Surowiecki

“The reason advertising is governed by fear, after all, is that most agencies rely on just a few clients to bring in the lion's share of their revenues.”

Reason Share Advertising Rely Agency Lions Clients Revenue

Author:James Surowiecki

“The truth is that the United States doesn't need, and shouldn't have, a debt ceiling. Every other democratic country, with the exception of Denmark, does fine without one.”

Needs Doe Country States United United States Fine Truth Is Democratic Debt Exception Ceilings Denmark Democratic Country Debt Ceiling

Author:James Surowiecki

“The value of a currency is, ultimately, what someone will give you for it - whether in food, fuel, assets, or labor. And that's always and everywhere a subjective decision.”

Giving Values Decision Labor Fuel Assets Currency Subjective

Author:James Surowiecki

“The Xbox 360 is the best game console ever designed. It's fast and powerful - games look as good on the 360 as on high-end PCs that cost six times as much. It's easy to navigate and has lots of useful secondary features - the ability to play digital video, stream MP3s, and so on.”

Looks Ends Play Games Easy Ability Powerful Cost Six Video Features Streams Digital Console Navigate Xbox Mp3

Author:James Surowiecki

“There are certainly valid reasons for taking a company private, and it's also possible that C.E.O.s perform better when monitored by a small number of owners in a private company rather than by the dispersed and often uninterested shareholders of a public corporation.”

Reason Numbers Company Corporations Owners Shareholders Small Numbers Uninterested

Author:James Surowiecki

“To be sure, if you watch CNBC all day long you'll pick up some interesting news about particular companies and the economy as a whole. Unfortunately, to get to the useful information, you have to wade through reams of useless stuff, with little guidance on how to distinguish between the two.”

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Author:James Surowiecki

“Tough times have always lent themselves to nativist sentiments and closed-door policies. But in the case of highly skilled immigrants these policies are a recipe for stagnation.”

Cases Doors Policy Tough Immigrants Sentiments Recipes Tough Times Stagnation Closed Doors

Author:James Surowiecki