Share
×
Inspirational Quotes
Authors
Professions
Topics
Tags
Quote
In order to work well, markets need a basic level of trust.
James Surowiecki
Share
Change background
T
T
T
Change font
Original
TAGS & TOPICS
James Surowiecki
Age: 57
Born: 1967
Born: April 30
Journalist
Writer
Meriden
Connecticut
James Michael Surowiecki
Well
Need
Markets
Needs
Basic
Work
Level
Trust
Levels
Order
Wells
More quotes by James Surowiecki
Sometimes even a smart crowd will make a mistake.
James Surowiecki
I tend to have a hard time working on pieces long before they're due. That's why I think the fact that I write a column is really good for me - the column has to be done, and there's no getting around it.
James Surowiecki
But, if recent history has taught us anything, it’s that self-regulation doesn’t work in finance, and that worries about reputation are a weak deterrent to corporate malfeasance.
James Surowiecki
Political risk is hard to manage because so much comes down to the personal choices of policymakers, whether prime ministers or heads of central banks.
James Surowiecki
One key to successful group decisions is getting people to pay much less attention to what everyone else is saying.
James Surowiecki
When Americans are asked to rank professions in terms of honesty and ethics, insurance agents routinely end up near the bottom of the list - somewhere between politicians and car salesmen. Generally, insurers are seen as clever hucksters who prey on insecurity and ignorance to sell people what they don't need at prices they shouldn't have to pay.
James Surowiecki
What an economy really wants, after all, is not more investment per se but better investment. It wants capital to flow to companies that will create value - not in the form of a rising stock price but in the form of more goods for less cost, more jobs, and rising wages - by enhancing productivity.
James Surowiecki
Politically speaking, it's always easier to shell out money for a disaster that has already happened, with clearly identifiable victims, than to invest money in protecting against something that may or may not happen in the future.
James Surowiecki
Popular as Keynesian fiscal policy may be, many economists are skeptical that it works. They argue that fine-tuning the economy is a virtually impossible task, and that fiscal-stimulus programs are usually too small, and arrive too late, to make a difference.
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.
James Surowiecki
In the heart of the Great Depression, millions of American workers did something they'd never done before: they joined a union. Emboldened by the passage of the Wagner Act, which made collective bargaining easier, unions organized industries across the country, remaking the economy.
James Surowiecki
In part because individual judgement is not accurate enough or consistent enough, cognitive diversity is essential to good decision making.
James Surowiecki
Wall Street has come a long way from the insider-dominated world that was blown apart by the Great Depression.
James Surowiecki
As technology improves, on-screen avatars look more and more like real people. When they start looking too real, though, we pull away. These almost-humans aren't quite right they look creepy, like zombies.
James Surowiecki
Diversity and independence are important because the best collective decisions are the product of disagreement and contest, not consensus or compromise.
James Surowiecki
The U.S. is excellent at importing cheap products from the rest of the world. Let's try importing some human capital instead.
James Surowiecki
The financial crisis of 2008 was not caused by investment banks betting against the housing market in 2007. It was caused by the fact that too few investors - including all of the big investment banks - bet too heavily on the housing market in the years before 2007.
James Surowiecki
The challenge for capitalism is that the things that breed trust also breed the environment for fraud.
James Surowiecki
The important thing about groupthink is that it works not so much by censoring dissent as by making dissent seem somehow improbable.
James Surowiecki
The business of America shouldn't be subsidizing business.
James Surowiecki