Share
×
Inspirational Quotes
Authors
Professions
Topics
Tags
Quote
Wall Street has come a long way from the insider-dominated world that was blown apart by the Great Depression.
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
Come
Insiders
Great
Dominated
Long
Blown
Way
Depression
World
Apart
Street
Streets
Wall
Insider
More quotes by 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
The paradox of Steve Jobs's career is that he had no interest in listening to consumers - he was famously dismissive of market research - yet nonetheless had an amazing sense of what consumers actually wanted.
James Surowiecki
Real politics is messy and morally ambiguous and doesn't make for a compelling thriller.
James Surowiecki
I think people don't understand compound interest because typically no one ever explains it to them and the level of financial literacy in the US is very low.
James Surowiecki
If being the biggest company was a guarantee of success, we'd all be using IBM computers and driving GM cars.
James Surowiecki
Businesses that have gone through an episode of hyperinflation become understandably alert to the threat of it: at the first hint of inflation, they're likely to increase prices, since they've learned that if they don't, and inflation hits, their businesses will be wrecked.
James Surowiecki
Since the Protestant majority in Northern Ireland wants to remain a part of Great Britain, and since Ireland itself has shown little interest in reunification, the IRA's prospects for success through political channels have always been limited.
James Surowiecki
The fundamental problem with banks is what it's always been: they're in the business of banking, and banking, whether plain vanilla or incredibly sophisticated, is inherently risky.
James Surowiecki
Breaking tasks down into smaller sub-tasks can be very useful.
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
Of course, presidents are always blamed or rewarded for the state of the economy.
James Surowiecki
All things being equal, letting people make decisions for themselves will produce smarter outcomes, collectively, than relying on government planners.
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
Tough times have always lent themselves to nativist sentiments and closed-door policies. But in the case of highly skilled immigrants these policies are a recipe for stagnation.
James Surowiecki
The typical American corporation is a shareholders' republic the same way that China is a peoples' republic.
James Surowiecki
Of course, looking tough on inflation is part of any central banker's job description: if investors believe that inflation is going to get out of control, you end up with higher interest rates and capital flight, and a vicious circle quickly ensues.
James Surowiecki
Moviegoers love the intricacies of a crime all the more when it's for a good cause.
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 challenge for capitalism is that the things that breed trust also breed the environment for fraud.
James Surowiecki
Sometimes even a smart crowd will make a mistake.
James Surowiecki
