A Quote by James Surowiecki
Speculators get a bad rap. In the popular imagination they're greedy, heedless, and amoral, adept at price manipulations and dirty tricks. In reality, they often play a key role in making markets run smoothly.
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you pay a price for the 'gift' of an active imagination. While mine played a major part in making me a writer, it also made me adept at transforming run-of-the-mill molehills into towering mountain ranges.
Seven habits that help produce the anything-but-efficient markets that rule the world.
1. Think short term.
2. Be greedy.
3. Believe in the greater fool
4. Run with the herd.
5. Overgeneralize
6. Be trendy
7. Play with other people's money
We used to have MTV and all these ways we can show our videos, and it was these rap shows, and it was everything. And then it became not cool to be conscious; it became cool to just hang out. Escapism rap became the norm. And, when I say "escapism rap", I mean getting high, get your cars, get your money, get your jewelry, go to the club, have your women, and it just became all about escaping your reality and not making your reality better on a real tip; not just on the have fun tip.
Let's be real: dads get a bad rap in the media. We're talking Vanilla Ice's 'Ninja Rap' bad. More often than not, they're either pop lockin' Soul Train-style after learning they aren't the father, or they're selfish man-children who have more toys than brain cells.
The need for innovation – the lifeblood of business – is widely recognized, and imagination and play are key ingredients for making it happen.
I understood that life is lived most fully in the imagination - that, ironically, imagination is the key to reality.
We have always known that heedless self-interest was bad morals; we know now that it is bad economics. Out of the collapse of a prosperity whose builders boasted their practicality has come the conviction that in the long run economic morality pays.
Markets are a social construction, they're made from institutions. We in a democratic society create markets, we constitute markets, we bring them into existence, and we shouldn't turn markets over to a narrow group of people who regulate them and run them in their interests, rather they should be run democratically for the common good.
Be fearful when the markets get greedy, be greedy when the markets get fearful.
Reality does get a bad rap. But I'm not concerned about it 'cause I know who I am. They can edit it, but you are in charge of what you do.
So often, science fiction helps to get young people interested in science. That's why I don't mind talking about science fiction. It has a real role to play: to seize the imagination.
It is understandable that the Fed injects cash to avoid the collapse of the stock market, but basically it is bad policy for monetary authorities to intervene to save speculators from bankruptcy. This is not their role.
What role can such philanthropy play in a society like ours? For one, philanthropic capital can go where markets will not go and where states often cannot go.
In high school I had a boyfriend who was super into rap, so I was into Too $hort and Wu-Tang for a little while. And my best friend's older brother would sometimes drive us home in this pimped-out truck, and he'd play all his dirty rap music. We thought we were really cool.
The key to saving the Amazon and the rest of the world's great rainforests is actually very simple: just put a fair price on the role they play in providing a quarter of the world's oxygen, a fifth of fresh water, and 60 percent of its species.
Mainstream economic theories popular in the last several decades have tended to downplay the government's role in markets and to increase skepticism about even that more limited role. Austerity, particularly in Europe, has added to the problem. It has not worked, even on its own terms.
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