Carmen Reinhart Quotes
The essence of the this-time-is-different syndrome is...rooted in the firmly held belief that financial crises are things that happen to other people in other countries at other times; crises do not happen to us, here and now. We are doing things better, we are smarter, we have learned from past mistakes. The old rules of valuation no longer apply. Unfortunately, a highly leveraged economy can unwittingly be sitting with its back at the edge of a financial cliff for many years before chance and circumstance provoke a crisis of confidence that pushes it off.
Quotes to Explore
-
It would be incredible to work with Stanley Kubrick and go back in time.
-
I do love doing films; I love going out and creating different characters for each film, and not having to be stuck with one role for many, many years. It's a creative liberty that I love.
-
In hospital, people should be able to have time to themselves.
-
Down time is not the name of the game.
-
Disasters are usually a good time to re-examine what we've done so far, what mistakes we've made, and what improvements should come next.
-
I was barely in grade school when I helped my mother rearrange the living room furniture for the first time.
-
Fifty-nine cents. For years, I wore a button - '59 cents.' Many of my colleagues wore it also. The purpose was so that people would come up and ask, 'What does '59 cents' mean?' One could then launch into a discussion about how women working full time in the U.S. earn 59 cents for every dollar earned by men.
-
I'm an internet junkie. There, I said it. That's the first step, right? I also have a thing for making lists. Oh man, nothing beats turning to a fresh, clean page in a notebook, taking out a nice pen, and starting a list. There's so much potential there. So much to do, so little time! So hey, why not spend some of that time making a list.
-
If I have a choice between looking something up and making it up, I'll make it up every time.
-
Shoot, there's a committee to tell you everything at a record label. You definitely have to know who you are if you want to look like you at the end of the process. We've all seen people get record contracts, and by the time they're spit out by the machine, we don't even recognize them.
-
I believe that life is short, and there is too much time wasted bearing grudges, and I like to move on.
-
The methods that EPA introduced after 1970 to reduce air-pollutant emissions worked for a while, but over time have become progressively less effective.
-
I have decided to quit as I.P.L. Chairman. It is a decision which I was pondering over for some time.
-
I defend Israel's right to exist, to defend themselves, to not let themselves be exterminated a second time.
-
I went to eight different schools my first nine years of school.
-
The moral and intellectual character of the Africans is widely different in different nations.
-
I don't believe in regrets. There are a few things I'd do differently, but I can't go back in time and redo them, however much I might wish to. All I can do is learn from past mistakes and move forward.
-
It's not surprising. At the same time, it's not that usual. It's somewhere between usual and surprising.
-
The way to gain a friend is to be one.
-
I don't write for children. I write and someone says it's for children.
-
The more you write, the more you're capable of writing.
-
Oscar Wilde turned the world upside down and was able to laugh at it, and hopefully by the time I'm 120 and worn out, that's what I will achieve. I love being alive so much.
-
When a plan or strategy fails, people are tempted to assume it was the wrong vision. Plans and strategies can always be changed and improved. But vision doesn't change. Visions are simply refined with time.
-
The essence of the this-time-is-different syndrome is...rooted in the firmly held belief that financial crises are things that happen to other people in other countries at other times; crises do not happen to us, here and now. We are doing things better, we are smarter, we have learned from past mistakes. The old rules of valuation no longer apply. Unfortunately, a highly leveraged economy can unwittingly be sitting with its back at the edge of a financial cliff for many years before chance and circumstance provoke a crisis of confidence that pushes it off.
