A Quote by Carmen Reinhart

Perhaps more than anything else, failure to recognize the precariousness and fickleness of confidence - especially in cases in which large short-term debts need to be rolled over continuously - is the key factor that gives rise to the this-time-is-different syndrome. Highly indebted governments, banks, or corporations can seem to be merrily rolling along for an extended period, when bang! - confidence collapses, lenders disappear, and a crisis hits.
One of the biggest gifts you can give a child is confidence, because confidence will take you miles - more than talent, more than anything else. So yes, I want my children to have confidence and to be kind.
Real confidence has no bluster or bombast. It's not rooted in a desire to seem better than everyone else and it's not driven by a fear of appearing weak. Real confidence settles in when you have a clear vision of exactly what you need to do. Real confidence blooms as you wield the skills and power you have built through your hard work and discipline.
As time goes on, I get more and more convinced that the right method in investment is to put fairly large sums into enterprises which one thinks one knows something about and in the management of which one thoroughly believes. It is a mistake to think that one limits one's risk by spreading too much between enterprises about which one knows little and has no reason for special confidence. . . . One's knowledge and experience are definitely limited and there are seldom more than two or three enterprises at any given time in which I personally feel myself entitled to put full confidence.
Confidence was never in short supply in my case. If anything, I think I overshot the mark with confidence way too early in my career, and gradually, it's about just getting more humble and wanting to sit down more.
You can't do good work on a short-term contract. You need to be engaged over a period of time.
It is, perhaps more than anything else, the arrest of time which has taken place in a completed work of art that gives certain plays their feeling of depth and significance.
Confidence alone does not make peace, but acknowledging rights and confidence do. Failure to recognize these rights creates a sense of injustice; it keeps the embers burning under the ashes.
Any strategy that involves crossing a valley accepting short-term losses to reach a higher hill in the distance will soon be brought to a halt by the demands of a system that celebrates short-term gains and tolerates stagnation, but condemns anything else as failure. In short, a world where big stuff can never get done.
When your mother gives you confidence about anything that you do, you carry that confidence with you.
The essence of the this-time-is-different syndrome is...rooted in the firmly held belief that financial crises are things that happen to other people in other countries at other times; crises do not happen to us, here and now. We are doing things better, we are smarter, we have learned from past mistakes. The old rules of valuation no longer apply. Unfortunately, a highly leveraged economy can unwittingly be sitting with its back at the edge of a financial cliff for many years before chance and circumstance provoke a crisis of confidence that pushes it off.
I have a ridiculous amount of confidence of protecting myself, but along with that confidence comes the ability that you don't need to fight.
Confidence is not lodged in people's brains, it comes from the support system that surrounds them. Let's not confuse confidence overall with just self-confidence. Self-confidence is only one part of confidence. People also need confidence in others - their colleagues and leaders - that they can count on them to do the right thing and not to let them down.
If you go back to the time of J.P. Morgan, the world of high finance was completely wholesale. The prestigious investment banks on Wall Street appealed exclusively to large corporations, governments, and to extremely wealthy individuals.
The onset of a crisis is usually triggered by a spectacular failure which shakes confidence in fictitious forms of capital.
I'm no different than anyone. If you get more games, you're in the rhythm; that gives you confidence.
The Nick Boles text is kiboshed [Mike] Gove's chances. It undermined people's confidence in him. It made it look as if he's been conspiring all along. It did more damage to his reputation than anything else.
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