There is a time for weighing evidence and a time for acting. And if there's one thing I've learned throughout my work in finance, government, and conservation, it is to act before problems become too big to manage.
Henry PaulsonRead
I've always said to everyone that ever worked for me, if you get too dug in on a position, the facts change, and you don't change to adapt to the facts, you will never be successful.
Interpretation
Adaptability to changing facts is crucial for success.
This quote by Henry Paulson emphasizes the importance of being flexible and open-minded in the face of new information or changing circumstances. It warns against becoming too rigid in one's beliefs or positions, as this could lead to failure in achieving success when faced with evolving realities.
In practice
During a team meeting to discuss project strategies, this quote can be shared to encourage adaptability.
There is a time for weighing evidence and a time for acting. And if there's one thing I've learned throughout my work in finance, government, and conservation, it is to act before problems become too big to manage.
In all my life, I've been trained that when there's a big problem, you run toward it.
Complexity and interconnectedness matter as much as size in assessing risk in banking.
Every global concern - economic, environmental or security-related - can be addressed more effectively when the U.S. and China work together.
I think history shows that countries have to have some kind of a threshold level of economic success before they begin to have the means and the will to focus on the environment.
A single agency responsible for systemic risk would be accountable in a way that no regulator was in the run-up to the 2008 crisis. With access to all necessary information to monitor the markets, this regulator would have a better chance of identifying and limiting the impact of future speculative bubbles.
Gold medals aren't really made of gold. They're made of sweat, determination, and a hard-to-find alloy called guts.
You never make any of the shots you never take. 87% of the ones you do take, you'll miss too. I make 110% of my shots.
The only worthwhile achievements of man are those which are socially useful.
One of the benefits of playing to small audiences in small clubs for a few years is that you're allowed to fail.
Never be afraid to ask for too much when selling or offer too little when buying.
I know I didn't deserve this, but God has given me this baseball ability. So I've got to do whatever I can to honor him.
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