A Quote by Thomas Friedman
We are led by lawyers who do not understand either technology or balance sheets.
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If you can't understand the spec for a new technology, don't worry: nobody else will understand it either, and the technology won't be that important.
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Even some of the greatest technology-led revolutions, or allegedly technology-led, really were only made possible because of trends already present.
Legislative reforms in the 1990s and the public/private structure led managements to expand the GSEs' balance sheets to enormous size, underpinned by wafer-thin slivers of capital, driving high shareholder returns and very high compensation for management.
There are men who can write poetry, and there are men who can read balance sheets. The men who can read balance sheets cannot write.
Please understand, I am not saying that technology is unimportant. I understand that technology is important. But if we are just focusing on technology and investing in an IT manufacturing plant to come up with higher performance processing [chips], we will not succeed.
Life is too short to waste time changing the sheets every week. Especially when you have small children who tend to wait until you change the sheets to then wet the sheets.
The way that Soviet intelligence tried to reshape the balance of power in the Middle East is essential to understand the developments that led to the outbreak of the Six-Day War.
The purpose of the University of Washington cannot be to produce black lawyers for blacks, Polish lawyers for Poles, Jewish lawyers for Jews, Irish lawyers for Irish. It should be to produce good lawyers for Americans, and not to place First Amendment barriers against anyone.
When a technology is replaced by another technology, the previous technology either becomes art or it dies.
Walt loved technology. He didn't understand it half the time, but the beauty of good technology was that he didn't have to understand it. Just use it.
It sounds extraordinary, but it's a fact that balance sheets can make fascinating reading.
It sounds extraordinary but it's a fact that balance sheets can make fascinating reading.
Nobody is going to invest in the Italian banks unless they trust their balance sheets.
Please understand, I am not saying that technology is unimportant. I understand that technology is important.
It is the lawyers who run our civilization for us -- our governments, our business, our private lives. Most legislators are lawyers; they make our laws. Most presidents, governors, commissioners, along with their advisers and brain-trusters are lawyers; they administer our laws. All the judges are lawyers; they interpret and enforce our laws. There is no separation of powers where the lawyers are concerned. There is only a concentration of all government power -- in the lawyers.
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