There is slow growth, but it is positive slow growth. At the same time, ratios of debt-to-incomes go down. That's a beautiful deleveraging.
Nothing is so treacherous as the obvious.
Innovation is the market introduction of a technical or organisational novelty, not just its invention.
The function of entrepreneurs is to reform or revolutionize the pattern of production by exploiting an invention or, more generally, an untried technological possibility for producing a new commodity or producing an old one in a new way, by opening up a new source of supply of materials or a new outlet for products, by reorganizing an industry and so on.
At the heart of capitalism is creative destruction.
The typical citizen drops down to a lower level of mental performance as soon as he enters the political field. He argues and analyzes in a way which he would readily recognize as infantile within the sphere of his real interests. He becomes primitive again.
Success depends on intuition, on seeing what afterwards proves true but cannot be established at the moment.
It's something that's very often said that philosophy, as opposed to science, never makes any progress.
Are you aware that your spirit needs to be fed? Did you know that your spirit would be delighted to partake in a feast of spiritual food? How about a plate full of prayer? Or maybe a few hours of succulent self-reflection. Perhaps a piping-hot selection of spiritual literature, served by the side of a lake or under a tree, would satisfy your spiritual hunger. Can you imagine feasting for a few hours on spiritually uplifting music? What about some forgiveness à la mode, topped with compassion? You cannot imagine how much your spirit would enjoy it.
Rage was sometimes a useful ally in the heat of a fight, but it was a trickster. It made everything seem possible.
As an experienced artist, I carry my work like a secret pregnancy. I am always aware of inner life and the need to protect it.