While many investors were caught in this crisis, the leading economists in the world saw it coming.
— Kenneth Murray“I believe one of the most important skills you need is the ability to recognize the right people to work with. Without a team you can trust to make things happen, it's physically impossible to manage all the different aspects of your job—a leader is only the tip of the iceberg.”— Tommaso Volpe
The quote archive
Wisdom in fragments
A growing archive of 3,000+ moments, drawn from every interview.
The past 10 days have been 'the most dramatic in Wall Street's 216-year history' seeing Lehman Brothers collapse, AIG fall into critical distress, and the US Federal Reserve creating a c. US$1 Trillion rescue plan to 'save the world'.
— Kenneth MurrayThe artificiality and unsustainability comes in when loans are made to customers who cannot repay those loans, and without sufficient regulatory control.
— Professor Wim NaudéEconomics professor specializing in entrepreneurship, innovation, and development in Africa
Monetary support for development in itself will not accelerate growth in the real economy to artificial or unsustainable levels. It is how the finance is used – or misused.
— Professor Wim NaudéEconomics professor specializing in entrepreneurship, innovation, and development in Africa
Consider for instance that the bulk of the world's foreign exchange reserves – trillions of dollars – are held by developing economies, and that the US runs a current account and budget deficit of astronomical proportions.
— Professor Wim NaudéEconomics professor specializing in entrepreneurship, innovation, and development in Africa
The essence of the evolving global economic system is that all countries are dependent on one another in some way, and this includes finance. Emerging and developing countries are dependent on capital inflows from developed regions. But developed regions are also dependent on funds from the developing world!
— Professor Wim NaudéEconomics professor specializing in entrepreneurship, innovation, and development in Africa
There is something about the female psyche which is intensely social, and the most trivial conversations become part of the process of bonding. They may appear trivial but there will be a lot more un-stated below the surface - a form of commitment.
— Robin DunbarEvolutionary Psychologist Known for Dunbar's Number Theory
If you imagine the archetypal social environment we have, probably until the beginning of the twentieth century, we saw our network, our community, every day. If a relative emigrated, we lost track of them very quickly and the family link disappeared as it was a very 'up front' person to person relationship.
— Robin DunbarEvolutionary Psychologist Known for Dunbar's Number Theory
Modern society, specifically the modern economy, is very mobile. Our friendships and social networks become very quickly dispersed. At any one time, we build friendships and relationships with people and, for example, due to work, move on.
— Robin DunbarEvolutionary Psychologist Known for Dunbar's Number Theory
Like all primates, we are an intensely social species, and having our friends, cohorts, and acquaintances close is important to our general success. In these senses 'keeping the wheels oiled' is critical, hence why we like gossip, and hence why biographies and fiction so wildly outsell anything else in the books market.
— Robin DunbarEvolutionary Psychologist Known for Dunbar's Number Theory
The price of technology comes down every year, year after year, and I see no immediate end in sight to that process. What this means is that the poorest people in the world will soon have the possibility to access the Internet in some form, and eventually will have 'ordinary' access to it.
— Jimmy WalesCo-Founder of Wikipedia & Online Encyclopedia Pioneer
While participatory culture can create a Wikipedia, it is not likely to produce something like the Star Wars franchise. I don't think that's a problem, because I don't think we have to choose between participatory and top-down culture – both will thrive.
— Jimmy WalesCo-Founder of Wikipedia & Online Encyclopedia Pioneer
With participatory culture, economics dictates that we pour more resources into building an infrastructure platform that anyone can use, so most resources go into empowering 'the long tail'. Small groups of people can come together and make use of a powerful infrastructure to enable them to pursue their own passions and interests, without regard for popularity.
— Jimmy WalesCo-Founder of Wikipedia & Online Encyclopedia Pioneer
I think the biggest technological innovation that will impact Wikia – and the Internet more broadly – is the continuing progress we are seeing in reducing the costs of communication technology, such that it will reach the entire planet in relatively short order. Just think about what happens when the next billion people come online, and the next two billion after that.
— Jimmy WalesCo-Founder of Wikipedia & Online Encyclopedia Pioneer
The concept of Wikia is to provide a platform for communities to build 'the rest of the library', everything that doesn't belong in an encyclopaedia. The purpose is to empower the next wave of massive collaboration, and to extend participatory culture beyond just the non-profit educational and reference works.
— Jimmy WalesCo-Founder of Wikipedia & Online Encyclopedia Pioneer
We are now living with a great deal of uncertainty, which will increase. As a society, though, we have to be prepared for threats we cannot conceive, we must build resilience not just in developed countries, but particularly in conflict areas.
— Kristiina RintakoskiUnknown.