“Cumulative errors depend largely on the big surprises, the big opportunities. Not only do economic, financial, and political predictors miss them, but they are quite ashamed to say anything outlandish to their clients and yet events, it turns out, are almost always outlandish.” BigsPoliticalTurnsOpportunityEconomicMissingEventsDependsErrorsSurpriseFinancialAshamedClientsSay AnythingCumulativeOutlandishBig Surprises Book:The Black Swan: Second Edition: The Impact of the Highly Improbable Fragility Source: The Black Swan: Second Edition: The Impact of the Highly Improbable Fragility
“... true financial freedom doesn't depend on how much money you have. Financial freedom is when you have power over your fears and anxieties instead of the other way around.” WayDependsAnxietyFinancialOver YouFinancial FreedomAdvisorsFinancial Independence Author:Suze Orman
“The educational process should not be one of homogenizing. It should be one of encouraging excellence... when we fail to make financial aid depend upon performance, we eliminate the incentive to excellence.” ShouldProcessEducationFailingDependsPerformancesExcellenceFinancialEducationalAidsIncentivesFinancial Aid Author:John H. Sununu
“Their constant yelping about a free press means, with a few honorable exceptions, freedom to peddle scandal, crime, sex, sensationalism, hate, innuendo and the political and financial uses of propaganda. A newspaper is a business out to make money through advertising revenue. That is predicated on the circulation and you know what circulation depends on.” KnowsMeanUsePoliticalHateSexCrimeDependsPressesConstantFinancialNewspapersAdvertisingMaking MoneyPropagandaExceptionHonorableScandalRevenueCirculationFree PressInnuendoSensationalism Book:The Long Goodbye: A Novel Source: The Long Goodbye: A Novel
“In the financial markets, however, the connection between a marketable security and the underlying business is not as clear-cut. For investors in a marketable security the gain or loss associated with the various outcomes is not totally inherent in the underlying business; it also depends on the price paid, which is established by the marketplace. The view that risk is dependent on both the nature of investments and on their market price is very different from that described by beta.” DifferentLossViewsClearCuttingRiskSecurityDependsGainsConnectionsPaidInvestmentInvestingFinancialVariousOutcomesDependentInvestorsInherentMarketplaceFinancial MarketsBeta Author:Seth Klarman
“Maybe [the Republicans] 'll find ways around it, but the financial system of the world depends very heavily on the credibility of the US Treasury Department. US Treasury securities are what's called "good as gold"; they're the basis of international finance, and if the government can't uphold them, if they become valueless, the effect on the international financial system could be quite severe. But in order to destroy a limited health-care law, the right-wing Republicans, the reactionary Republicans, are willing to do that.” IfsWorldWayGovernmentCareLawOrderEffectsSecurityWillingDependsRepublicanGoldBasesWingsFinancialInternationalFinanceHealth CareDepartmentSevereCredibilityRight WingTreasuryReactionariesFinancial SystemValuelessUs Treasury Author:Noam Chomsky
“The financial benefits of prefabrication have never been as large as its advocates predicted, for although some labor costs can be reduced by machine manufacturing, on-site assembly of any building still depends to some extent on the handwork of skilled craftsmen.” StillsBuildingDependsCostBenefitsLaborMachinesFinancialSiteAssemblyManufacturingCraftsman Author:Martin Filler