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There does seem to be some evidence that as people get older, they procrastinate less, perhaps because they feel the pressure of time more.

James Surowiecki

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James Surowiecki
Age: 57
Born: 1967
Born: April 30
Journalist
Writer
Meriden
Connecticut
James Michael Surowiecki
Feels
Pressure
Time
Evidence
People
Perhaps
Seem
Less
Seems
Procrastinate
Doe
Procrastinating
Feel
Older

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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.
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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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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.
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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.
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The business of America shouldn't be subsidizing business.
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Critics of consumer capitalism like to think that consumers are manipulated and controlled by those who seek to sell them things, but for the most part it's the other way around: companies must make what consumers want and deliver it at the lowest possible price.
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Sometimes even a smart crowd will make a mistake.
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Of course, presidents are always blamed or rewarded for the state of the economy.
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On the simplest level, telecommuting makes it harder for people to have the kinds of informal interactions that are crucial to the way knowledge moves through an organization. The role that hallway chat plays in driving new ideas has become a cliche of business writing, but that doesn't make it less true.
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Nike used to be known as Blue Ribbon Sports. What's now Sara Lee used to be Consolidated Foods. And Exxon was once Standard Oil Company of New Jersey. These were name changes that worked. But for all the ones that do, there are 10 or 20 that don't.
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Companies, like people, don't much like to change.
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In a world where companies increasingly know about their business in real time, it makes no sense that public reporting mostly follows the old quarterly schedule. Companies sit on vital information until reporting day, at which point the market goes crazy.
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If being the biggest company was a guarantee of success, we'd all be using IBM computers and driving GM cars.
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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.
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If private-equity firms are as good at remaking companies as they claim, they don't need tax loopholes to make money.
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Movies' mistrust of capitalism is almost as old as the medium itself.
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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.
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On Wall Street, fraudulent schemes tend to thrive during economic booms, and to blow up when times turn tough.
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The challenge for capitalism is that the things that breed trust also breed the environment for fraud.
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In industries where a lot of competitors are selling the same product - mangoes, gasoline, DVD players - price is the easiest way to distinguish yourself. The hope is that if you cut prices enough you can increase your market share, and even your profits. But this works only if your competitors won't, or can't, follow suit.
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