By far the most significant event in finance during the past decade has been the extraordinary development and expansion of financial derivatives.
Alan GreenspanRead
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By far the most significant event in finance during the past decade has been the extraordinary development and expansion of financial derivatives.
But how do we know when irrational exuberance has unduly escalated asset values, which then become subject to unexpected and prolonged contractions as they have in Japan over the past decade?
The past is a trail you leave behind, much like the wake of a speedboat. That is, it's a vanishing trail temporarily showing you where you were. The wake of a boat doesn't affect it's course-obviously it can't since it appears behind the boat. So consider this image when you exclaim that your past is the reason you aren't moving forward.
Fair Flora! Now attend thy sportful feast, _x000D_ _x000D_ Of which some days I with design have past; _x000D_ _x000D_ A part in April and a part in May _x000D_ _x000D_ Thou claim'st, and both command my tuneful lay; _x000D_ _x000D_ And as the confines of two months are thine _x000D_ _x000D_ To sing of both the double task be mine.
See, when you drive home today, you've got a big windshield on the front of your car. And you've got a little bitty rearview mirror. And the reason the windshield is so large and the rearview mirror is so small is because what's happened in your past is not near as important as what's in your future.
Your past is your shadow. It has form but no substance, except in the places you allow it to touch you. (
The challenge we now face is to build on the record of the past, to continue accepting new responsibilities and seeking new opportunities to serve.
We all stand on the shoulders of the past generation.
Live the present intensely and fully, do not let the past be a burden, and let the future be an incentive. Each person forges his or her own destiny.
I would not admire hitting against Ryne Duren, because if he ever hit you in the head you might be in the past tense.
It is hard to imagine a world without forgiveness. Without forgiveness life would be unbearable. Without forgiveness our lives are chained, forced to carry the sufferings of the past and repeat them with no release.
He who has loved and who betrays love does harm not only to the image of the past, but to the past itself.
Memory itself is an internal rumour; and when to this hearsay within the mind we add the falsified echoes that reach us from others, we have but a shifting and unseizable basis to build upon. The picture we frame of the past changes continually and grows every day less similar to the original experience which it purports to describe.
If we say that monsters [people who do terrible evil] are beyond forgiving, we give them a power they should never have...they are given the power to keep their evil alive in the hearts of those who suffered most. We give them power to condemn their victims to live forever with the hurting memory of their painful pasts. We give the monsters the last word.
Look to the past to help create the future. Look to science and to poetry. Combine innovation and interpretation. We need the best of both. And it is universities that best provide them.
But surely to tell these tall tales and others like them would be to spread the myth, the wicked lie, that the past is always tense and the future, perfect.
Even as a child, even as my blood-past was drained from me, I understood that if I were strong enough to accept it, I was being offered a second history.
To do this, you can bring in nothing from the past. So the more psychology you've studied, the harder it will be to empathize. The more you know the person, the harder it will be to empathize. Diagnoses and past experiences can instantly knock you off the board. This doesn't mean denying the past. Past experiences can stimulate what's alive in this moment. But are you present to what was alive then or what the person is feeling and needing in this moment?
A wise architect observed that you could break the laws of architec75tural art provided you had mastered them first. That would apply to religion as well as to art. Ignorance of the past does not guarantee freedom from its imperfections.
Freud, one of the grand masters of narrative, knew that the past is not fixed in the way that linear time suggests. We can return. We can pick up what we dropped. We can mend what others broke. We can talk with the dead.
The Age of Nations is past. The task before us now, if we would not perish, is to build the Earth.
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