A Quote by Nassim Nicholas Taleb
My nightmare scenario is that the government saves Citibank once again, as well as the other banks, and business resumes as usual. Then, the next time the system breaks, it breaks much, much bigger.
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Things break all the time. Glass and dishes and fingernails. Cars and contracts and potato chips. You can break a record, a horse, a dollar. You can break the ice. There are coffee breaks and lunch breaks and prison breaks. Day breaks, waves break, voices break. Chains can be broken. So can silence, and fever... promises break. Hearts break.
The big issue is how much money can the government infuse for the capitalisation of the banks when we have quite a few private banks doing well. Does the government of India really require this number of public sector banks?
The Christmas presents once opened are Not So Much Fun as they were while we were in the process of examining, lifting, shaking, thinking about, and opening them. Three hundred sixty-five days later, we try again and find that the same thing has happened. Each time the goal is reached, it becomes Not So Much Fun, and we're off to reach the next one, then the next one, then the next.
Don’t worry about breaks every 20 minutes ruining your focus on a task. Contrary to what I might have guessed, taking regular breaks from mental tasks actually improves your creativity and productivity. Skipping breaks, on the other hand, leads to stress and fatigue.
Don't worry about breaks every 20 minutes ruining your focus on a task. Contrary to what I might have guessed, taking regular breaks from mental tasks actually improves your creativity and productivity. Skipping breaks, on the other hand, leads to stress and fatigue.
If you really were aware of the Earth in a singular context, putting it into the perspective of the galaxy, for example, then you would see that it is not infallible, that it is just part of a much bigger system that is part of a much bigger system and onward.
The heart of a woman falls back with the night, / And enters some alien cage in its plight, / And tries to forget it has dreamed of the stars / While it breaks, breaks, breaks on the sheltering bars.
I've always tried to have a pretty discerning eye with the roles that I've picked, which is maybe why it seems like I take breaks, but really, they're not breaks. It's just that there's not as much out there as one would hope. I'm lucky enough to be able to be choosy sometimes.
It pains me to see my old company, which has meant so much to America, on the ropes. But Chrysler has been in trouble before, and we got through it, and I believe they can do it again... Let's face it, if your car breaks down, you're not going to take it to the White House to get fixed. But, if your company breaks down, you've got to go to the experts on the ground, not the bureaucrats.
The fact that the government had to put up hundreds of billions of dollars to Citibank in guarantees was a public declaration that Citibank was a mess. Making Citibank go through financial restructuring would not have conveyed any more different information. So it's very hard to see why it would have had that kind of a panic if it were done well.
We are very much engaged across the government, very much engaged in streamlining and simplifying our activities with borrowers and lenders, because that saves time and saves costs and we believe we can do that while maintaining the same or increased levels of oversight and risk management.
In a murderous time/the heart breaks and breaks/and lives by breaking.
Failure saves lives. In the airline industry, every time a plane crashes the probability of the next crash is lowered by that. The Titanic saved lives because we're building bigger and bigger ships. So these people died, but we have effectively improved the safety of the system, and nothing failed in vain.
Take the great example of the four-minute mile. One guy breaks it, then all of a sudden everyone breaks it. And they break it in such a short period of time that it can't be because they were training harder. It's purely that it was a psychological barrier, and someone had to show them that they could do it.
The family is the first economy. If the family breaks down, well, government gets bigger because of the consequences of family breakdown. We see in the neighborhoods where there are no marriages and there are no two-parent families.
Every time you lose, you think that life's unfair. You think of the bad breaks. But when you're winning and playing well, you still get those bad breaks, only you overcome them. It just depends on how strong your mind is.
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