In many spheres of human endeavor, from science to business to education to economic policy, good decisions depend on good measurement.
Ben BernankeRead
Nobody likes to fail but failure is an essential part of life and of learning. If your uniform isn't dirty, you haven't been in the game.
Interpretation
Failure is a necessary experience for personal growth and learning.
This quote emphasizes the inevitability of failure in life and the importance of embracing it as a vital part of the learning process. Ben Bernanke suggests that one must actively engage in challenges and take risks, as these experiences lead to growth and learning; a clean uniform symbolizes a lack of participation and effort.
In practice
In a motivational speech about resilience and perseverance.
In many spheres of human endeavor, from science to business to education to economic policy, good decisions depend on good measurement.
Education - lifelong education for everyone - from toddlers to workers well advanced in their careers - is indeed an excellent investment for individuals and society as a whole.
Life is amazingly unpredictable; any 22-year-old who thinks they know where they will be in 10 years, much less in 30, is simply lacking imagination.
The benefit of appointing a hawkish central banker is the increased inflation-fighting credibility that such an appointment brings.
Economics is a highly sophisticated field of thought that is superb at explaining to policymakers precisely why the choices they made in the past were wrong. About the future, not so much.
Income inequality is troubling because, among other things, it means that many people in our society don't have the opportunities to advance themselves.
Pride and excess bring disaster for man.
Then she told me why a tiger is gold and black. It has two ways. The gold side leaps with its fierce heart. The black side stands still with cunning, hiding its gold between the trees, seeing and not being seen, waiting patiently for things to come. I did not learn to use my black side until after the bad man left me.
Almost always the men who achieve these fundamental inventions of a new paradigm have been either very young or very new to the field whose paradigm they change.
Remember that no talent, no self-denial, no brains, no character, are required to set up in the fault-finding business. Nothing external can have any power over you unless you permit it.
Background checks will never stop every criminal from getting their hands on a gun and every single act of gun violence - but the evidence is clear that it's the single most effective policy to help keep guns out of dangerous hands and save lives.
I think one of the defining moments of adulthood is the realization that nobody's going to take care of you. That you have to do the heavy lifting while you're here. And when you don't, well, you suffer the consequences.
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