Selected Quotes
“Too many corporations and organizations ignore political risks until it is too late. These risks are either assumed to occur rarely (or to someone else) or to be entirely unpredictable. In both cases nothing could be farther from the truth.”
“What at first might appear an irrational choice might not be. Those who assume that presidents, prime ministers, and members of parliament care more about sound economic policy than their political fortunes are doomed to the occasional surprise, because political leaders sometimes make market-moving (even market-crashing) economic decisions to satisfy their political needs.”
“Globalization, economic integration, trade and capital mobility, and the free exchange of ideas across borders have not rendered politics obsolete. There is no “end of history” just beyond the horizon. War, terrorism, expropriation, violent changes of government, politically motivated lawmaking and civil strife are not going away.”
Read more about this topic: The Fat Tail: The Power Of Political Knowledge For Strategic Investing
Famous quotes containing the words selected and/or quotes:
“There is no reason why parents who work hard at a job to support a family, who nurture children during the hours at home, and who have searched for and selected the best [daycare] arrangement possible for their children need to feel anxious and guilty. It almost seems as if our culture wants parents to experience these negative feelings.”
—Gwen Morgan (20th century)
“Man is timid and apologetic; he is no longer upright; he dares not say “I think,” “I am,” but quotes some saint or sage.”
—Ralph Waldo Emerson (1803–1882)