The only antidote to dangerous ideas is strong alternatives vigorously advocated.
Lawrence SummersRead
Most investors want to do today what they should have done yesterday.
Interpretation
Investors often regret missed opportunities and wish they had acted sooner.
This quote highlights the common tendency among investors to reflect on past decisions with regret, wishing they had made different choices at an earlier time. It speaks to the nature of investing, where timing is crucial, and implies that procrastination or hesitation can lead to missed opportunities for success.
In practice
You could use this quote to encourage friends to take action on their investment strategies during a discussion.
The only antidote to dangerous ideas is strong alternatives vigorously advocated.
Global capital markets pose the same kinds of problems that jet planes do. They are faster, more comfortable, and they get you where you are going better. But the crashes are much more spectacular.
It used to be said that when the U.S. sneezed, the world caught a cold. The opposite is equally true today.
A good rule of thumb for many things in life holds that things take longer to happen than you think they will, and then happen faster than you thought they could.
We are inheriting the worst financial system since the Depression. We're inheriting a situation - when people go back and study major banking crises a quarter century from now, the one that America developed in 2007 and 2008 is going to be one of those crises.
The idea that we should be open to all ideas is very different from the supposition that all ideas are equally valid.
I feel that if you really want an Oscar, you're in trouble. It's like wanting to be married - you'll take anybody. If you want the Oscar really badly, it becomes a naked desire and ambition. It becomes very unattractive.
The way to make money is to buy when blood is running in the streets.
You know, God gave me a gift to do other things besides play the game of basketball.
I wanted to make a living, but I really was not interested in money at all. I was interested in being a great comedian.
People always say I'm a legend, but I'm not. Not until I've defended my Olympic titles. That's when I've decided I'll be a legend.
Your ability to discipline yourself to set clear goals, and then to work toward them every day, will do more to guarantee your success than any other single factor.
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