I think that a lot of people in all walks of life have the impression, of course, that, 'I specialize in something. I can't - I don't have the time to read other things. I'll just go to pure entertainment when I'm relaxing, and then I'll come back to my pure specialty.' That produces - that attitude produces idiot savants, unfortunately.
Interpretation
This quote emphasizes the importance of broadening one's knowledge beyond a specific area of expertise.
Robert J. Shiller warns against the narrow-minded approach of only focusing on one's specialty while neglecting other fields of knowledge. He suggests that this reliance on specialization can lead to a lack of well-rounded understanding and critical thinking, likening those who adopt such a mindset to 'idiot savants' who excel in one area but lack broader wisdom or insight.
In practice
In a talk about personal development, one might use this quote to encourage the audience to explore new subjects.
Those on the downside of rising economic inequality generally do not want government policies that look like handouts. They typically do not want the government to make the tax system more progressive, to impose punishing taxes on the rich, in order to give the money to them. Redistribution feels demeaning. It feels like being labeled a failure.
Speculative markets have always been vulnerable to illusion. But seeing the folly in markets provides no clear advantage in forecasting outcomes, because changes in the force of the illusion are difficult to predict.
That's the world we live in: when it comes to economics, people have emotions; it's not like chemistry or physics.
Money management has been a profession involving a lot of fakery - people saying they can beat the market, and they really can't.
We should not be focusing on quick solutions. The really important concern for policymakers everywhere is to prevent disasters - that is, the outlier events that matter the most.
If we wait until income inequality is much more severe, we will have a whole class of new superrich who will probably feel entitled to their wealth and will have the means to defend their interest. That's already gone far enough. We shouldn't let it become more extreme.
The Founding Fathers in their wisdom decided that children were an unnatural strain on parents. So they provided jails called schools, equipped with tortures called an education.
The first object of any act of learning, over and beyond the pleasure it may give, is that it should serve us in the future. Learning should not only take us somewhere; it should allow us later to go further more easily.
We talk of globalization, and how much money is needed for the education of children in the world, their liberation and rehabilitation just $9 billion which is four days of military expense. Just four days. Nine billion dollars is nothing. But what Americans spent on ice cream just 20 percent of this. One fifth of what you spend on ice creams could bring the children out of the clutches of their masters and put them to school.
I read. I order books from the States. I literally go into bookstores, close my eyes, and take things off the shelf. If I don't like the book after a bit, I don't finish it. But I like to be surprised.
This applies to many film jobs, not just editing: half the job is doing the job, and the other half is finding ways to get along with people and tuning yourself in to the delicacy of the situation.
Karate is the best thing you can do for your child.
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