The ability to focus attention on important things is a defining characteristic of intelligence.
Interpretation
Intelligence is largely about the capacity to concentrate on what truly matters.
This quote emphasizes that true intelligence is not just about having knowledge, but also about the ability to prioritize and focus on the most significant aspects of a situation. The act of focusing attention effectively distinguishes intelligent individuals, as this skill allows them to navigate complexities and make informed decisions based on what is essential.
In practice
In a motivational speech about effective decision-making.
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.
I get up at 7:30 and work four hours a day. Nine to twelve in the morning, five to six in the evening. Businessmen would achieve better results if they studied human metabolism. No one works well eight hours a day. No one ought to work more than four hours.
Gratitude in advance is the most powerful creative force in the universe.
Fear of commitment lies behind the fear of writing.
The smartest people are constantly revising their understanding, reconsidering a problem they thought they’d already solved. They’re open to new points of view, new information, new ideas, contradictions, and challenges to their own way of thinking.
That there is something in advice very useful and salutary, seems to be equally confessed on all hands; since even those that reject it, allow for the most part that rejection to be wrong, but charge the fault upon the unskilful manner in which it is given; they admit the efficacy of the medicine, but abhor the nauseousness of the vehicle.
Bad books on writing tell you to "WRITE WHAT YOU KNOW", a solemn and totally false adage that is the reason there exist so many mediocre novels about English professors contemplating adultery.
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