The New Finance focused on the market's major systematic mistake. In failing to appreciate the strength of competitive forces in a market economy, it over estimates the length of the short run. In doing so, it overreacts to records of success and failure for individual companies, driving the prices of successful firms too high and their unsuccessful counterparts too low.
Robert HaugenRelated topics
failure high length low market mistake run short strength successRelated quotes
There is something about the literary life that repels me, all this desperate building of castles on cobwebs, the long-drawn acrimonious struggle to make something important which we all know will be gone forever in a few years, the miasma of failure which is to me almost as offensive as the cheap gaudiness of popular success.
Raymond Chandler
It's all about discipline - and having an inner calm. That's one of the main driving forces for me when I step into the ring - you can't have a fight and lose your temper. You need to remain calm and focused when everything around you is in chaos. It's a similar thing for the buddhists - they remain calm and disciplined in the hurly burly of everyday life.
Johnny Nelson
A successful individual typically sets his next goal somewhat but not too much above his last achievement. In this way he steadily raises his level of aspiration... The unsuccessful individual on the other hand, tends to show one of two reactions: he sets his goal very low, frequently below his past achievement... or he sets his goals far above his abilities.
Kurt Lewin
We must demonstrate that it is possible to overcome poverty, misery and decay by democratic means, and we must ourselves believe, and must show others, that our American tradition of the dignity and liberty of the individual is not a luxury for easy times but is the basic source of the strength and security of a successful society.
Jane Jacobs
This branch of economics has suffered from several intellectual mistakes. The major mistake has been the presumption that standard economic theory is inadequate for understanding low income countries and that a separate economic theory is needed. Models developed for this purpose were widely acclaimed until it became evident that they were at best intellectual curiosities.
Theodore Schultz