A Quote by Judith Curry
We're looking at a much worse [Hurricane] risk than people were thinking about a year ago ...some places are going to become uninsurable.
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There are worse things than having behaved foolishly in public. There are worse things than these miniature betrayals, committed or endured or suspected; there are worse things than not being able to sleep for thinking about them. It is 5 a.m. All the worse things come stalking in and stand icily about the bed looking worse and worse and worse.
When I started thinking about plans to avenge [my father], I realized I was only going to become someone worse than him, someone worse than the person I had so often criticized. I was going against my own principles. And yes, people tell me that it was a tremendous life decision in the span of 10 minutes but I just say, what else was there to think of?
I guess what I'm looking for here is empathy. So you [Nicholas Kristof] have traveled all around the world, famously to the worse places of the world. Darfur. Mogadishu, Ouagadougou. Probably those places much more than Modesto or Lewiston.I never read a column by you that suggest the people in those places, who support dictators oftentimes, are racists or bad people. You would never write that about a poor person in the third world but you are implying that about your fellow Americans.
It's amazing how much progress there's been in China, and also India. Those are the places that really matter - they're half of the world's population. They're the places where things are enormously better now than they were 50 years ago. And I don't see anything that's going to stop that.
I look back on it, yeah, I'm in a much worse financial position than I was eight years ago. I'm going to have to go out at age 62 and kind of readdress some of that.
There was a time I was no longer going to be black. I was going to be an 'intellectual.' When I was first looking around for colleges, thinking of colleges I couldn't afford to go to, I was thinking of being a philosopher. I began to understand then that much of my feelings about race were negative.
Looking at the individuals who suffered the most during the hurricane, you could see that those with underlying medical problems were at greater risk.
I'll talk about these things, but it's just, you know, you only get so much time and I'm much more interested in what I'm going to be doing next year than in something I did 10 years ago.
Thinking about how disturbingly herdlike people become in so many different contexts - mimetic theory forces you to think about that, which is knowledge that's generally suppressed and hidden. As an investor-entrepreneur, I've always tried to be contrarian, to go against the crowd, to identify opportunities in places where people are not looking.
Risk managers and investment bankers and actually, all kinds of investors took on more risk than they expected. So there was a failure of risk management. There was a failure to recognize how much risk there was in some of these securities that people bought.
What caused 2008, in my opinion, is that people just didn't see the risk. These people that took on all this risk didn't think they had it - they thought they hedged it all away. As long as there's a perception of risk, and a culture of looking for risk, it's going to be hard to deflate us.
There's no experience like going down an empty freeway toward a hurricane and then looking in the opposite lane and seeing bumper-to-bumper traffic, people fleeing that scene. Or going to a toxic spill and seeing people go the other way. You talk yourself into thinking you're invincible in order to do that.
People were looting tombs 5,000 years ago in Egypt as soon as people were buried, but the problem is only getting worse and worse.
As the population is, in general, aging, there is more interest in what a 50-year-old, a 60-year-old, a 70-year-old, an 80-year-old is like. And one of the things that just naturally started to happen as I got older - and I could feel younger people looking up to me in a certain way and wanting to know things that I knew - I got interested in the women, in particular, who were 20 years older than me. Because I understand in a way that I didn't 20, 30 years ago, how much they know.
The thing that makes me most optimistic is China and India - both of them doing well. It's amazing how much progress there's been in China, and also India. Those are the places that really matter - they're half of the world's population. They're the places where things are enormously better now than they were 50 years ago. And I don't see anything that's going to stop that.
So many businesses get worried about looking like they might make a mistake, they become afraid to take any risk. Companies are set up so that people judge each other on failure. I am not going to get fired if we have a bad year. Or a bad five years. I don’t have to worry about making things look good if they’re not. I can actually set up the company to create value.
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