A Quote by Robert J. Shiller

In the short run and for decisions unlikely to have broad impact, it may be more cost effective to use just one expert. — © Robert J. Shiller
In the short run and for decisions unlikely to have broad impact, it may be more cost effective to use just one expert.
When you start with why, which decision you make becomes very easy. It is so hard to do when you may suffer a short term loss or you may lose out on some short term gain. But in the long run it's way more powerful and way more stable.
The truth is I'm not actually an expert programmer! I really don't consider myself to be an expert at anything. For me, it's more about having a well-rounded and broad horizon. I think that's where a lot of the more interesting things come from - mashing up completely disparate aspects of life to create something new and original.
But to procrastinate and prevaricate simply because you're afraid of erring, when others - I mean our brethren in Germany - must make infinitely more difficult decisions every day, seems to me almost to run counter to love. To delay or fail to make decisions may be more sinful than to make wrong decisions out of faith and love.
A people may prefer a free government, but if, from indolence, or carelessness, or cowardice, or want of public spirit, they are unequal to the exertions necessary for preserving it. They are more or less unfit for liberty; and although it may be for their good to have had it even for a short time, they are unlikely long to enjoy it
Try to remain truthful. The power of truth never declines. Force and violence may be effective in the short term, but in the long run it's truth that prevails.
Quality napkins are made in villages at a cost of just Rs 2 per piece with my simple and cost-effective machines.
The Internet is the first technology since the printing press which could lower the cost of a great education and, in doing so, make that cost-benefit analysis much easier for most students. It could allow American schools to service twice as many students as they do now, and in ways that are both effective and cost-effective.
The impact of low interest rates is broad and deep. Many Americans rely on interest income from their savings to help cover their cost of living.
Efficiency may curtail [energy] demand in the short term, for the specific task at hand. But its long-term impact is just the opposite...efficiency fails to curb demand because it lets more people do more, and do it faster-and more/more/faster invariably swamps all the efficiency gains.
I have a broad but not an expert or scholarly background in the Jewish tradition. I've tried to learn what I can from childhood, but I am not an expert on Jewish teachings.
I look at myself more as a storyteller than a screenwriter, as pretentious as that may sound, but that's what really attracts me to TED Talks. For me, the really effective ones are being presented by expert storytellers.
Impact investing has become a broad umbrella that includes all investing with a focus on both financial return and social impact, but in its best form, impact investing prioritizes impact over returns and achieves outcomes that traditional investing cannot.
I've always said that the better off you are, the more responsibility you have for helping others. Just as I think it's important to run companies well, with a close eye to the bottom line, I think you have to use your entrepreneurial experience to make corporate philanthropy effective.
In the long run, Women's Liberation will of course free men-but in the short run it's going to COST men a lot of privilege, which no one gives up willingly or easily.
We have to learn how scientists arrive at decisions. Once you use the scientific method, it doesn't mean that your decisions will be perfect. They'll be far more accurate than just opinions.
When we take care of ourselves, we are more effective, we are more creative, and we are more successful in a broad definition of the word.
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