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The history of the Internet is, in part, a series of opportunities missed.
James Surowiecki
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James Surowiecki
Age: 57
Born: 1967
Born: April 30
Journalist
Writer
Meriden
Connecticut
James Michael Surowiecki
Opportunity
History
Part
Missed
Opportunities
Series
Internet
More quotes by James Surowiecki
I think there is clearly a connection between free time and procrastination. The more you have of the former, all things being equal, the more likely you are to procrastinate.
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Corporate welfare isn't necessarily a bad thing.
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In confusing stock options with ownership, corporations confuse trappings with substance.
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When all is said and done, cheap gas is an illusion, because our reliance on gas creates a whole series of costs that aren't factored in to the pump price - among them congestion, pollution, and increased risk of accidents.
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Workers who come to the U.S. see their wages and their standard of living boosted sharply simply by crossing the border. That's a good thing, and one of the best arguments for immigration reform, even if you'll rarely hear a politician make it.
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.
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The business of America shouldn't be subsidizing business.
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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.
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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
If companies tell us more, insider trading will be worth less.
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Wall Street has come a long way from the insider-dominated world that was blown apart by the Great Depression.
James Surowiecki
The Internet has become a remarkable fount of economic and social innovation largely because it's been an archetypal level playing field, on which even sites with little or no money behind them - blogs, say, or Wikipedia - can become influential.
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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.
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I tend to delay writing by doing more research - it's really the act of writing the piece that I have the hardest time with.
James Surowiecki
Meeting external deadlines is much harder than meeting internal ones. On the other hand, internal deadlines sometimes don't feel real, and are therefore easy to evade.
James Surowiecki
In order to work well, markets need a basic level of trust.
James Surowiecki
Real politics is messy and morally ambiguous and doesn't make for a compelling thriller.
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I typically don't adopt the ascetic approach. In part, that's because I do use the Net for research even as I'm writing (to check facts, or so on). But I think it's also because I find the possibility of distraction comforting.
James Surowiecki
To be sure, if you watch CNBC all day long you'll pick up some interesting news about particular companies and the economy as a whole. Unfortunately, to get to the useful information, you have to wade through reams of useless stuff, with little guidance on how to distinguish between the two.
James Surowiecki
Technological innovation has dramatically lowered the cost of computing, making it possible for large numbers of consumers to own powerful new technologies at reasonably low prices.
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