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.
I never buy anything unless I can fill out on a piece of paper my reasons. I may be wrong, but I would know the answer to that ...I'm paying $32 billion today for the Coca Cola Company because... If you can't answer that question, you shouldn't buy it. If you can answer that question, and you do it a few times, you'll make a lot of money.
Touchdowns to me means that you're scoring points and helping your team win games. You can have a lot of yards and not have points and not win games. So, this only means something because it has helped our teams win games and we won the division today in a competitive AFC West, that's a good thing.
The odds of me coming into the rocket business, not knowing anything about rockets, not having ever built anything, I mean, I would have to be insane if I thought the odds were in my favor.
When you begin to think and grow rich, you will observe that riches begin with a state of mind, with definiteness of purpose, with little or no hard work.
They'll forget all the rubbish when I've gone, and they'll remember the football. If only one person thinks I'm the best player in the world, that's good enough for me.
Good ideas need good strategy to realize their potential.
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