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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
Less
Seems
Procrastinate
Doe
Procrastinating
Feel
Older
Feels
Pressure
Time
Evidence
People
Perhaps
Seem
More quotes by James Surowiecki
In the days when corporate downsizing was all the rage, Wall Street took a lot of flak for judging companies too harshly and setting the bar for corporate performance so high that executives felt their only option was to slash payrolls.
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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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Pop music thrives on repetition. You know a song's a hit when you've heard it so often that you'll be happy never to hear it again.
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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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The history of the Internet is, in part, a series of opportunities missed.
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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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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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The challenge for capitalism is that the things that breed trust also breed the environment for fraud.
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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.
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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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A general principle of good taxation is that similar jobs, and similar kinds of compensation, should be taxed the same way: otherwise, the government is effectively subsidizing some jobs over others.
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Of course, plenty of people don't think that guaranteeing affordable health insurance is a core responsibility of government.
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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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In the auto industry, there's one thing you can always count on: if a new environmental or safety rule is proposed, executives will prophesy disaster.
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Moviegoers love the intricacies of a crime all the more when it's for a good cause.
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The important thing about groupthink is that it works not so much by censoring dissent as by making dissent seem somehow improbable.
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If army ants are wandering around and they get lost, they start to follow a simple rule:Just do what the ant in front of you does. The ants eventually end up in a circle. There's this famous example of one that was 1,200 feet long and lasted for two days the ants just kept marching around and around in a circle until they died.
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Life insurance became popular only when insurance companies stopped emphasizing it as a good investment and sold it instead as a symbolic commitment by fathers to the future well-being of their families.
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In the business world, bad news is usually good news - for somebody else.
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Sometimes even a smart crowd will make a mistake.
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