A Quote by Jack Welch
If the rate of change on the outside exceeds the rate of change on the inside, the end is near.
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When the rate of change outside is more than what is inside, be sure that the end is near.
Industries with rapid change are the enemy of the investor. Tech businesses, particularly biotech, is a problem from that point of view. All industries work with change, but you should ideally be investing in businesses with a low rate of change, not a high rate of change.
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.
With the emergence of civilization, the rate of change shifted from hundreds of thousands of years to millennia. With the emergence of science as a way of knowing the universe, the rate of change shifted to centuries.
You see, I know change
I see change
I embody change
All we do is change
Yeah, I know change
We are born to change
We sometimes regard it as a metaphor
That reflects the way things ought to be
In fact change takes time
It exceeds expectations
It requires both now and then
See, although the players change
The song remains the same
And the truth is...
You gotta have the balls to change
We are living toward incredible times where the only constant is change, and the rate of change is increasing.
The U.S. berates China for its exchange rate policy, which Washington doesn't like. But one-sided pressure on China to change its exchange rate is misplaced.
When the rate of return on capital exceeds the rate of growth of output and income, as it did in the nineteenth century and seems quite likely to do again in the twenty-first, capitalism automatically generates arbitrary and unsustainable inequalities that radically undermine the meritocratic values on which democratic societies are based.
The only constant is change, and the rate of change is increasing.
If you go to a second-rate place, and you are first-rate, it is very difficult to do first-rate work because you do not get that critical feedback you need for first-rate work on a daily basis.
To focus capital and entrepreneurship into empowering innovation, we should change is the capital gains tax rate. We would be better served by a regressive tax rate, that would become progressively smaller the longer the investment is held.
You might lose your spontaneity and, instead of composing first-rate Gershwin, end up with second rate Ravel.
No man has come so near our definition of a constitutional statesman - the powers of a first-rate man and the creed of a second-rate man.
Climate change is not going to be prevented. It's not even going to be mitigated to the degree a rational person would want. As a result we're going to have to live with climate change and try to reduce the extent and rate of change as much as possible. This is not an inspiring or sexy project.
Our tree is actually a tree of the short-term interest rate. The average direction in which the short-term interest rate moves depends on the level of the rate. When the rate is very high, that direction is downward; when the rate is very low, it is upward.
As you know, you go to war with the army you have, not the army you might want or wish to have at a later time. Since the Iraq conflict began, the Army has been pressing ahead to produce the armor necessary at a rate that they believe - it's a greatly expanded rate from what existed previously, but a rate that they believe is the rate that is all that can be accomplished at this moment.
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