There are moments when one can neither think nor feel, she thought, and if one can neithre feel nor think, where's one?
Even in financial markets, the concept of market efficiency does not hold.
We need to abandon the economist's notion of the economy as a machine, with its attendant concept of equilibrium. A more helpful way of thinking about the economy is to imagine it as a living organism.
I am often asked by would-be entrepreneurs seeking escape from life within huge corporate structures, ‘How do I build a small firm for myself?’ The answer seems obvious: Buy a very large one and just wait.
The linear, mechanistic view of the world which pervades orthodox economics is simply not capable of capturing the richness and complexity of the rhythms and fluctuations of developed economies.
In most Western economies, the general relationship is not in fact between the rate of inflation and the level of unemployment, but between the rate of change of inflation and the rate of change of unemployment.
Books proliferate, and occasionally sell in very large numbers, which claim to have found the rule, or small set of rules, which will guarantee business success. But business is far too complicated, far too difficult an activity to distil into a few simple commands. . . It is failure rather than success which is the distinguishing feature of corporate life.
I have respect for literature. If he found the words, if she found the words - this is a book!
The saddest day of the year is the day baseball season ends.
A strong will deals with the hard facts of life as a sculptor with his marbles, making them facile and yielding to his purposes, and conquering their stubbornness by a greater stubbornness in himself.
Woe to falsehood! it affords no relief to the breast, like truth; it gives us no comfort, pains him who forges it, and like an arrow directed by a god flies back and wounds the archer.