A Quote by Gunnar Myrdal
The short-term international capital market is shrunken and erratic, and cannot be relied upon to cushion the effects of tendencies to disequilibrium in the balance of payments.
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Short-term market and economic prognostication is largely a fool’s errand, we invest according to a strategy that makes the need to rely on short-term market or economic assessments largely irrelevant.
Promotions are a short-term solution with dreadful long-term effects.
Business is all about learning to balance the short-term, medium-term and long-term and I think it's when things are going well it covers up a lot of mistakes and bad decisions because you're growing so quickly.
It is no wonder that bank capital is regulated. When borrowing and lending is profitable, it is tempting for banks to scale up their operations and to borrow and lend too much in relation to their capital, in effect reducing the effectiveness of the potential capital cushion.
The most important thing that a company can do in the midst of this economic turmoil is to not lose sight of the long-term perspective. Don't confuse the short-term crises with the long-term trends. Amidst all of these short-term change are some fundamental structural transformations happening in the economy, and the best way to stay in business is to not allow the short-term distractions to cause you to ignore what is happening in the long term.
In the stock market (as in much of life), the beginning of wisdom is admitting your ignorance. One of the many things you cannot know about stocks is exactly when they will up or go down. Over the long term, stocks generally rise at a nice pace. History shows they double in value every seven years or so. But in the short term, stocks are just plain wild. Over periods of days, weeks and months, no one has any idea what they will do. Still, nearly all investors think they are smart enough to divine such short-term movements. This hubris frequently gets them into trouble.
We don't see that the Taliban ultimately can succeed, and it's a combination both of what the international community can do to support Afghanistan, not just in the short term, but over the long term.
We dont see that the Taliban ultimately can succeed, and its a combination both of what the international community can do to support Afghanistan, not just in the short term, but over the long term.
There are three side effects of acid: enhanced long-term memory, decreased short-term memory, and I forget the third.
The idea of cross-border payments is going to completely go away... Our vision is for there to be no distinction between international and domestic payments.
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We just kind of relied on written scouting reports through the eighties and even the early nineties. I've really been amazed by some of the data that's out there, especially with regards to tendencies of hitters, and certainly tendencies of pitchers as well. I would have loved to have gotten that data when I played.
There is great effort to balance the short term with the long term. How are we trying to achieve sustained success? That includes success now.
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The financial doctrines so zealously followed by American companies might help optimize capital when it is scarce. But capital is abundant. If we are to see our economy really grow, we need to encourage migratory capital to become productive capital - capital invested for the long-term in empowering innovations.
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