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“Oil now, as a result of the Saudi production, is priced so low that there are not going to be new fracking investments made. A lot of companies that have gone into fracking are heavily debt-leveraged, and are beginning to default on their loans. The next wave of defaults that banks are talking about is probably going to be in the fracking industry. When the costs of production are so much more than they can end up getting for the oil, they just stop producing and stop paying their loans.”

“Coming from a background as unique as mine, the first challenge is being able to identify chaos as chaos. For the first half of my life, I interpreted chaos as normal. Today, I am aware that I have triggers: a default way of thinking that is often not relative to the immediate moment. Therefore, in the midst of chaos, I have learned to relinquish all my premature cognitive commitments and become present.”

“We can begin to let go of the complications that cause us to suffer by cultivating a simple state of awareness. In this process, tiny steps yield big results, in part because simplicity is nature's default position. Suffering and the complications that fuel it are unnatural; it wastes energy to maintain complexity.”

“The third element of success is your state: You must replace a default state of pessimism or anger with one of determination, of will, of generosity, of curiosity, of gratitude. The more we can put ourselves in such beautiful states rather than suffering states, the more they become habits of being and we end up making better decisions.”

“The default assumption is that - financial crises aside - growth will continue indefinitely. Not just for the poorest countries, where a better quality of life is undeniably needed, but even for the richest nations where the cornucopia of material wealth adds little to happiness and is beginning to threaten the foundations of our wellbeing.”

“In the face of uncertainty, many companies will default to asking their innovators to study and analyze, which can't actually ever provide a definitive answer. The decision-making systems here are meant to deal with the reality that decisions about innovative ideas will rely on patterns and intuitions. The best venture capital organizations deal with this challenge by staging investment, actively participating in startups they fund, tying decisions to learning as opposed to artificial dates on the calendar, and assembling a diverse team of decision-makers.”

“Too many politicians seem to reach for 'infrastructure' as the default answer to investment, as if roads and bridges were the answer to everything. Even the IMF and the World Bank seem to mainly offer infrastructure spending as an alternative to austerity, although they are right to focus on the need for investment.”

“[The Republican Party] for example, they do run the House of Representatives, they're a majority there, and it's the House that is essentially sending the government into shutdown and maybe default. But they won the majority of seats there because of various kinds of chicanery. They got a minority of the votes, but a majority of the seats, and they're using them to press forward an agenda which is extremely harmful to the public.”

“The shutdown itself is bad but not devastating. The real danger will come up in a couple of weeks. There's legislation which is in fact routine - it's passed every year - which allows the government to borrow money, otherwise it can't function. If Congress does not approve this budget request, the government may have to default.”

“It is impossible to live without failing at something, unless you live so cautiously that you might has well not have lived at all, in which case you have failed by default.”