“It's really hard to design products by focus groups. A lot of times, people don't know what they want until you show it to them. As Henry Ford said many years earlier: "If I had listened to my customers, I would have built a faster horse." Inventions in general express Shannon entropy. They come from the supply side.” PeopleIfsKnowsWantYearsSaidHardShowsSidesFocusGroupsDesignProductsBuiltEconomicsHorseCustomersInventionFasterWant UEntropyFocus GroupsShannon Book:Knowledge and Power: The Information Theory of Capitalism and How it is Revolutionizing our World Source: Knowledge and Power: The Information Theory of Capitalism and How it is Revolutionizing our World
“as an economics professor I am by nature inclined to the view that the truth isn't out there, it's in here - that usually you learn a lot more by thinking really hard about the data than you do by sniffing around for supposedly inside information.” ThinkingHardTruthViewsInformationTruth IsEconomicsDataProfessorsFree ThoughtSniffing Author:Paul Krugman
“We must seek support in the moral values that have ensured the progress of our civilization. Honesty and hard work, responsibility and faith in our strength are bound to bring us success. There should be no place for despondency. The crisis can and must be fought by uniting our intellectual, spiritual and material resources.” ShouldHardSpiritualValuesResponsibilityMoralHistoryPowerSupportProgressHonestyMaterialsHard WorkCivilizationIntellectualResourcesEconomicsCrisisBoundsDebtSocialismTaxationMoral ValuesUnitingDespondency Author:Vladimir Putin