A Quote by Barry Ritholtz

As investors, we want to believe we are smart, insightful and uniquely talented - even though we often fail to do the heavy lifting, put in the long hours, and make the uncomfortable but necessary decisions to achieve success.
When we think about online learning, it's such 'early days.' Bill Gates is a wildly smart insightful guy. Yet, even a guy as smart and insightful as that, 30 years ago can say things like,'Who's every going to need more than 640K of memory?'
When we think about online learning, it's such 'early days.' Bill Gates is a wildly smart insightful guy. Yet, even a guy as smart and insightful as that, 30 years ago can say things like, 'Who's every going to need more than 640K of memory?'
It seems like people my age are over-protected today, even to the point where a lot of parents refuse to put their kids in the position to make important decisions, to aspire to great things, because they don't want to put them in a position to fail.
Entrepreneurialism, to me, means being able to fail. And I believe that kind of leadership is not necessary only in business, but it's necessary for running countries, too. You've got to be able to believe in something strongly enough that you want to do it even if there's a risk of failure.
In the face of ambiguity, uncertainty, and conflicting demands, often under great time pressure, leaders must make decisions and take effective actions to assure the survival and success of their organizations. This is how leaders add value to their organizations. They lead them to success by exercising good judgment, by making smart calls when especially difficult and complicated decisions simply must be made, and then ensuring that they are well executed.
What are the odds that people will make smart decisions about money if they don't need to make smart decisions--if they can get rich making dumb decisions? The incentives on Wall Street were all wrong; they're still all wrong.
If you want to achieve things in life, you've just got to do them, and if you're talented and smart, you'll succeed.
If you equate happiness with success, you will never achieve the amount of success necessary to make you happy.
The reason so many people fail to achieve success is because they fail to fail enough times.
When you get to that level, it's not a matter of talent anymore - because all the players are so talented - it's about preparation, about playing smart and making good decisions. If I don't believe it, then they don't need me on the court. I've just got to believe that in my heart.
I don't think you should just do what makes you happy. Do what makes you great. Do what's uncomfortable and scary and hard but pays off in the long run... Let yourself fail... And pick yourself up and fail again. Without that struggle, what is your success anyway?
Considerations of plot do a great deal of heavy lifting when it comes to long-form narrative - readers will overlook the most ham-fisted prose if only a writer can make them long to know what happens next.
[Statists] believe that government should make decisions for individuals. Since individuals usually prefer to make their own decisions, coercion and compulsion become necessary correctives.
The kind of investors we seek are long term because that's how we make our decisions.
I believe you have to get rid of toxicity in any company. Don't care how smart, how talented, how long they have been there. If someone is going to create a toxic environment, you have to make a change.
Haley and I would talk for hours about which member of 'N Sync we'd want to marry. After long deliberation, the answer was always J. C. Chasez. Joey Fatone's last name was going to be “Fat One” no matter how great he was, and even though they didn't know at their age that Lance Bass was gay outright, they sensed he'd make a better good friend and confidante. As for Justin Timberlake, well, JT was the coolest and hottest, but too flashy, so we couldn't trust him to be faithful. J. C. Chasez was the smart compromise.
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