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
What this quote means
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.
Themes
InvestmentOpportunityRegretActionSuccess
In practice
Example use cases
You could use this quote to encourage friends to take action on their investment strategies during a discussion.
More from Lawrence Summers
All quotes βGlobal 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.
Lawrence SummersRead
It used to be said that when the U.S. sneezed, the world caught a cold. The opposite is equally true today.
Lawrence SummersRead
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.
Lawrence SummersRead
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.
Lawrence SummersRead
The idea that we should be open to all ideas is very different from the supposition that all ideas are equally valid.
Lawrence SummersRead
Similar quotes
Growing up, people will tell you that you have a better chance to become an astronaut than becoming an NBA player. So when you finally get to the NBA, you've beat the odds. So when you put on that jersey, everything else is downhill.
Clyde DrexlerRead
There's nothing glorious about being a professional. . . . Professionalism probably comes down to being able to work on a bad day.
Norman MailerRead
People always say I'm a legend, but I'm not. Not until I've defended my Olympic titles. That's when I've decided I'll be a legend.
Usain BoltRead
This is an extraordinary achievement, nearly nine years in the making.
Barack ObamaRead
Always have one possibility in mind and that is to go to the top, to be the best. Everything else should just be a means to that end.
Arnold SchwarzeneggerRead
I do know there are a lot of people who seem to be in my corner, and that's, of course, wonderful. I'm really more interested in the nomination than in the award, because I think the nomination just puts you within a group of outstanding actors.
Morgan FreemanRead