“There is a basic lesson on financial crises that governments tend to wait too long, underestimate the risks, want to do too little. And it ultimately gets away from them, and they end up spending more money, causing much more damage to the economy.” WantLittlesLongEndsGovernmentWaitingEconomyRiskLessonsCrisisFinancialSpendingDamageGet AwayMore MoneyUnderestimateFinancial Crisis Author:Timothy Geithner
“The world has so many lessons to teach you. I consider the world, our earth, to be like a school, and our life, the classrooms. Sometimes on our planet life school, the lessons often come dressed up as detours and road blocks and sometimes as full blown crises. And the secret I've learned to getting ahead is being open to the lessons.” WorldSometimesSchoolEarthSecretTeachOur LivesPlanetsLessonsCrisisBlockI've LearnedClassroomOur PlanetDressed UpDetours Author:Oprah Winfrey
“I did community theater and kids programs at professional theaters and plays at school and voice lessons for seven years. I stopped because it was so time-consuming. But then I realized that I had access to this world where I could go on auditions. And there wasn't too much of an identity crisis when I started acting professionally because I had been acting longer than I had been writing. It didn't feel new.” WorldFeelsWritingYearsPlayKidsSchoolVoiceCommunityActingToo MuchIdentityThis WorldGoes OnLessonsProgramTheaterCrisisSevenAccessI RealizedAuditionsSeven YearsConsumingIdentity CrisisTime Consuming Author:Tavi Gevinson
“We've learned our lesson with finance because they made a huge goddamn explosion that almost shut down the world. But the thing I realized is that there might never be an explosion on the scale of the financial crisis happening with big data.” WorldMadeBigsMightHugeLessonsHappeningsCrisisFinancialI RealizedScalesFinanceDataExplosionsFinancial Crisis Author:Cathy O'Neil
“Perhaps the most powerful lesson other brands can learn from Nike is the need to act in accordance with the reality of the world we live in. In a mutually dependant, intimately connected global community facing several major crises, brands need to operate with an expanded definition of self-interest that includes the greater good.” WorldNeedsSelfRealityInterestCommunityPowerfulGreaterLessonsMajorsCrisisDefinitionsConnectedBrandsMost PowerfulSelf InterestGreater GoodNikeGlobal Community Author:Simon Mainwaring
“The lesson of history is that you do not get a sustained economic recovery as long as the financial system is in crisis.” LongEconomicLessonsCrisisFinancialRecoveryFinancial SystemEconomic Recovery Author:Ben Bernanke
“I understand that it's hard for everyone, but one cannot give in to emotions... we'll have to draw lessons from the current crisis and now we'll have to work on overcoming it.” GivingHardWorkEmotionLessonsDrawsOvercomingCrisisCurrents Author:Boris Yeltsin
“If we use resources productively and take to heart the lessons learned from coping with the energy crisis, we face a future confronted only, as Pogo, once said, by insurmountable opportunities. The many crises facing us should be seen, then, not as threats, but as chances to remake the future so it serves all beings.” IfsShouldHeartSaidUseFacesScienceOpportunityEnergyChanceLearningEnvironmentLessonsResourcesRiversCrisisThreatEnvironmentalOur EnvironmentCopingRemakesInsurmountableLesson LearnedSave The EnvironmentSaving The EarthEnergy Crisis Author:Hunter Lovins
“However, optimism is highly valued, socially and in the market; people and firms reward the providers of dangerously misleading information more than they reward truth tellers. One of the lessons of the financial crisis that led to the Great Recession is that there are periods in which competition, among experts and among organizations, creates powerful forces that favor a collective blindness to risk and uncertainty.” PeopleForcePowerfulRiskInformationPeriodsLessonsOptimismOrganizationCrisisCompetitionRewardsFinancialFavorsUncertaintyFirmExpertsCollectivesBlindnessMisleadRecessionsFinancial CrisisProvidersGreat Recession Author:Daniel Kahneman
“The financial crisis has underscored how insufficient attention to fundamental corporate governance concepts can have devastating effects on an institution and its continued viability. It is clear that many banks did not fully implement these fundamental concepts. The obvious lesson is that banks need to improve their corporate governance practices and supervisors must ensure that sound corporate governance principles are thoroughly and consistently implemented.” NeedsSoundAttentionPrinciplesPracticeClearRiskEffectsLessonsConceptsManagementCrisisInstitutionsFundamentalsFinancialObviousCorporateConsistentlyGovernanceRisk ManagementInsufficientFinancial CrisisSupervisors Author:Daniele Nouy
“The main lesson to be learned from the Love Canal crisis is that in order to protect public health from chemical contamination, there needs to be a massive outcry--a choir of voices--by the American people demanding change.” PeopleNeedsOrderVoiceHealthLessonsProtectCrisisMassiveChemicalsPublic HealthChoirCanalsContaminationLessons To Be Learned Author:Lois Gibbs
“One of the lessons of history is that even the deepest crises can be moments of opportunity. They bring ideas from the margins into the mainstream.” InspirationalIdeasMomentsMotivationalOpportunityHistoryLessonsCrisisMainstreamMargins Author:Geoff Mulgan