A Quote by Seth Klarman

Nowhere does it say that investors should strive to make every last dollar of potential profit; consideration of risk must never take a backseat to return. Conservative positioning entering a crisis is crucial: it enables one to maintain long-term oriented, clear thinking, and to focus on new opportunities while others are distracted or even forced to sell. Portfolio hedges must be in place before a crisis hits. One cannot reliably or affordably increase or replace hedges that are rolling off during a financial crisis.
There has been a banking crisis, a financial crisis, an economic crisis, a social crisis, a geostrategic crisis and an environmental crisis. That's considerable in a country that's used to being protected.
Right now, however, we're in the middle of a jobs crisis, a border crisis and a terrorism crisis like never before. All energies of the federal government and the legislative process must now be focused on immigration security. That is the only conversation we should be having at this time, immigration security.
We have already seen some instances of systemic risk in recent times in the Asian financial crisis. But what sparked off the Asian financial crisis? Automated trading programmes!
Well, on the American side, every new administration has to cut its teeth in a crisis, because before a crisis, you don't really know what your various subordinates are thinking under stress.
The experience of the '90s, whether it's the '94 peso crisis or the '97 crisis in Asia, the '98 crisis, even the 2001 crisis, is that we recovered pretty readily. There wasn't great consequence.
While it is clear that we need to make some adjustments to protect Social Security for the long term, it is disingenuous to say that the trust fund is facing a crisis.
While it is clear that we need to make some adjustments to protect Social Security for the long term, it is disingenuous to say that the trust fund is facing a crisis
Contemporaneous with the financial crisis we have an ecological crisis and a health crisis. They are intimately interlinked. We cannot convert much more of the earth into money, or much more of our health into money, before the basis of life itself is threatened.
If there's been a crisis in a market, you don't tend to have a new crisis in that market until the people who went through the last crisis aren't in the system anymore.
There is no doubt that many expensive national projects may add to our prestige or serve science. But none of them must take precedence over human needs. As long as Congress does not revise its priorities, our crisis is not just material, it is a crisis of the spirit.
We need to make clear that the economic crisis has to be matched by a crisis of ideas. That's the problem, right? The economic crisis is not matched by a crisis of ideas. That's where the war is going to be fought.
I've heard doctors say that before the crisis hits, people don't want prolonged measures, but then in the middle of the crisis they want everything.
We sometimes emphasize the danger in a crisis without focusing on the opportunities that are there. We should feel a great sense of urgency because it is the most dangerous crisis we have ever faced, by far. But it also provides us with opportunities to do a lot of things we ought to be doing for other reasons anyway. And to solve this crisis we can develop a shared sense of moral purpose.
It is easier to invest for cash flow during a financial crisis. So don't waste a good crisis by hiding your head in the sand. The longer the crisis lasts, the richer some people will become.
In fact, the environmental crisis is related to the crisis of aesthetics, crisis of social cohesion and the crisis of spiritual values.
Obviously, Donald Trump won't be impeached or removed so long as the Republicans hold even one House of Congress. And even should they lose both in November of 2018, launching an impeachment - as the Republicans discovered with Bill Clinton - is very dangerous to the impeaching party. Unless you have a highly credible set of extremely damning facts, you turn a constitutional crisis into a political crisis. You rally potential supporters of the impeached president to him. You make his base bigger. So I imagine that he is likely to serve out the full term.
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