A Quote by James Gould Cozzens
The first test of ability and intelligence is to find a field of endeavor in which profits are large and risks small.
Related Quotes
The test of a first-rate intelligence is the ability to hold two opposed ideas in mind at the same time and still retain the ability to function.
The test of a first-rate intelligence is the ability to hold two opposed ideas in the mind at the same time and still retain the ability to function. That's what you have to do: you have to be confident in your potential and aware of your inexperience.
F. Scott Fitzgerald has an indespensible quote: 'The test of a first-rate intelligence is the ability to hold two opposed ideas in the mind at once and still retain the ability to function'. Or, as I like to call it, 'O.J. killed his wife, and the police are corrupt.'
Defense contractors are able to reap tremendous profits while rarely confronting the risks for which those profits are supposed to be the reward.
Large profits are even more insidious than large losses in terms of emotional destabilization. I think it's important not to be emotionally attached to large profits. I've certainly made some of my worst investments after long periods of winning.
In many ways, large profits are even more insidious than large losses in terms of emotional destabilization. I think it's important not to be emotionally attached to large profits. I've certainly made some of my worst trades after long periods of winning. When you're on a big winning streak, there's a temptation to think that you're doing something special, which will allow you to continue to propel yourself upward. You start to think that you can afford to make shoddy decisions. You can imagine what happens next. As a general rule, losses make you strong and profits make you weak.
...the test of a first-rate intelligence is the ability to hold two opposed ideas in the mind at the same time, and still retain the ability to function. One should, for example, be able to see that things are hopeless and yet be determined to make them otherwise. This philosophy fitted on to my early adult life, when I saw the improbable, the implausible, often the "impossible," come true.
It's time to level the playing field for small business owners and give them the same health care choices that large corporations have. Because they don't have as many employees, they have little ability to negotiate lower rates.
The test, surely, of a creed is not the ability of those who accept it to announce their faith; its test is its ability to change their behavior in the ordinary round of daily life. Judged by that test, I know no religion that has a moral claim upon the allegiance of men.
The obstacles to peace are in the minds and hearts of men.
In the study of matter we can be honest, impartial, true. That is why we succeed in dealing with it. But about the things we care for — which are ourselves, our desires and lusts, our patriotisms and hates — we find a harder test of thinking straight and truly. Yet there is the greater need. Only by intellectual rectitude and in that field shall we be saved. There is no refuge but in truth, in human intelligence, in the unconquerable mind of man.
Japanese tend to put sales and market share first. They make many products with the aim of raising sales. But then profits decline, and companies find themselves falling into debt... I changed the mindset at Canon by getting people to realize that profits come first.
As a source of innovation, an engine of our economy, and a forum for our political discourse, the Internet can only work if it's a truly level playing field. Small businesses should have the same ability to reach customers as powerful corporations. A blogger should have the same ability to find an audience as a media conglomerate.
The trouble is that the risks that are being hedged very well by new financial securities are financial risks. And it appears to me that the real things you want to hedge are real risks, for example, risks in innovation. The fact is that you'd like companies to be able to take bigger chances. Presumably one obstacle to successful R&D, particularly when the costs are large, are the risks involved.
Intelligence is not only the ability to reason; it is also the ability to find relevant material in memory and to deploy attention when needed.
We have so many thousands of sites to find across the globe and new techniques to test. The field keeps evolving with the technology, which makes things exciting.
One common adage...that is completely wrongheaded is: You can't go broke taking profits. That's precisely how many traders do go broke. While amateurs go broke by taking large losses, professionals go broke by taking small profits.
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