A Quote by Robert F. Engle
You know, some of the portfolios we might consider buying are portfolios which would do especially well if we have an economy-wide, or I mean, a global climate change that impacts us very negatively there are some companies that will do well, and so it might make sense to hold some of those in your portfolio.
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People would be a lot more skeptical if they understood that there is an incredible amount of chance in the results that you observe for active managers. So the distribution of outcomes is enormously wide - but that's exactly what you'd expect by chance with lots of active managers who hold imperfectly diversified portfolios. The really good portfolios contain a lot of really lucky picks, and the really bad portfolios contain a lot of really unlucky picks as well as some really bad ones.
True. The one certainty about riding, Braygan, is that - at some time - you will fall off. It is a fact. Another fact you might like to consider, in your life of perpetual terror, is that you will die. We are all going to die, some of us young, some of us old, some of us in our sleep, some of us screaming in agony. We cannot stop it, we can only delay it.
I don't know what happens in the next years. But I cannot now design a policy in which we try to keep China from developing, because in some years, if they develop, they might be rich enough to challenge us, and adopt the principle that we will hold down any state that might in the future become strong. That would make us a world empire for which we wouldn't have the talents or the convictions.
I think my attitudes about the past are very traditional. You can't ignore history; you can't escape it even if you want to. You might as well know where you come from, and you might as well know that everything has been done in some shape or form.
I will stay very focused on my responsibilities as Secretary of Commerce and the economy's doing well. I mean, you asked about some of the challenges that we have or what is going on in the world and you know I, I'm pleased to report that the economy is doing extremely well.
Perhaps the most important job of a financial advisor is to get their clients in the right place on the efficient frontier in their portfolios. But their No. 2 job, a very close second, is to create portfolios that their clients are comfortable with. Advisors can create the best portfolios in the world, but they won't really matter if the clients don't stay in them.
The military has a huge role in the economy [of Pakistan] with big stakes and, as you say, it has constantly intervened to make sure that it keeps its hold on policy making. Well, I hope, and there seem to be some signs, that the military is taking a backseat, not really in the economy, but in some of the policy issues. If that can continue, which perhaps it will, this will be a positive development.
You can't ignore history; you can't escape it even if you want to. You might as well know where you come from, and you might as well know that everything has been done in some shape or form.
I personally make sure that some of my investments are in foreign securities or in international commodity portfolios that are independent of the US dollar. But that's a personal preference. I do not invest in currencies because it's so complicated and so risky. I would not attempt that without excellent professional help.
The United States is strongly committed to the IPCC process of international cooperation on global climate change. We consider it vital that the community of nations be drawn together in an orderly, disciplined, rational way to review the history of our global environment, to assess the potential for future climate change, and to develop effective programs. The state of the science, the social and economic impacts, and the appropriate strategies all are crucial components to a global resolution. The stakes here are very high; the consequences, very significant.
What I'm trying to say is that for the average investor, what I would encourage them to do is to understand that there's inflation and growth. It can go higher and lower and to have four different portfolios essentially that make up your entire portfolio that gets you balanced.
What I'm trying to say is that for the average investor, what I would encourage them to do is to understand there's inflation and growth - it can go higher and lower - and to have four different portfolios essentially that make up your total portfolio that gets you balanced.
Some of the justifiable critiques has been by - been so successful in telling this story, you know, there's a danger of saying, oh, well, you know, we don't need to worry about this because that's absolutely not the case. What [Hans] Rosling is doing is showing us an overall global trend, which in a sense tells us how bad things were - doesn't mean to say the problems are gone, doesn't mean to say they're any less.
The solution to climate change is staring us in the face. It's energy policy. If we pursue a global clean-energy economy, we can cut dramatically the amount of carbon pollution we emit into the atmosphere and prevent the worst impacts of climate change.
If you were to insist I was a robot, you might not consider me capable of love in some mystic human sense, but you would not be able to distinguish my reactions from that which you would call love so what difference would it make?
Make sure that you take the time to think about how other companies might respond to your idea, both those companies already in the market you plan to target as well as others that might imagine targeting that market.
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