The only antidote to dangerous ideas is strong alternatives vigorously advocated.
Lawrence SummersRead
Most investors want to do today what they should have done yesterday.
Interpretation
Investors often regret missed opportunities and wish they had acted sooner.
This quote highlights the common tendency among investors to reflect on past decisions with regret, wishing they had made different choices at an earlier time. It speaks to the nature of investing, where timing is crucial, and implies that procrastination or hesitation can lead to missed opportunities for success.
In practice
You could use this quote to encourage friends to take action on their investment strategies during a discussion.
The only antidote to dangerous ideas is strong alternatives vigorously advocated.
Global capital markets pose the same kinds of problems that jet planes do. They are faster, more comfortable, and they get you where you are going better. But the crashes are much more spectacular.
It used to be said that when the U.S. sneezed, the world caught a cold. The opposite is equally true today.
A good rule of thumb for many things in life holds that things take longer to happen than you think they will, and then happen faster than you thought they could.
We are inheriting the worst financial system since the Depression. We're inheriting a situation - when people go back and study major banking crises a quarter century from now, the one that America developed in 2007 and 2008 is going to be one of those crises.
The idea that we should be open to all ideas is very different from the supposition that all ideas are equally valid.
Why don't you think we should dream of an African team winning the World Cup for the first time? People never allow this thought to cross their minds, and it is shameful. When you try to even say it, people look at you as if you're joking, but they forget that dreaming is the first step to success.
Luck is earned. Luck is working so hard at your craft, service or enterprise that sooner or later you get a break.
I am the one person who can truthfully say, I got my job through the New York Times.
Achievement is talent plus preparation
In most things success depends on knowing how long it takes to succeed.
Iβm proud to be Japanese and I wanted my country to succeed. I believed my system was a way that could help us become a modern industrial nation. That is why I had no problem with sharing it with other Japanese companies, even my biggest competitors.
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