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Archive for the 'Quotation' Category

Quotation of the Day

“We are drowning in information, while starving for wisdom. The world henceforth will be run by synthesizers, people able to put together the right information at the right time, think critically about it, and make important choices wisely.” E.O. Wilson

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On management and regulation…

Guide the people by law, subdue them by punishment; they may shun crime, but will be void of shame. Guide them by example, subdue them by courtesy; they will learn shame, and come to be good. Confucius. HT: John Kay’s Other People’s Money: The Real Business of Finance.

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How to cure cancer

Clinical progress against a disease as wily and dimly understood as cancer, DeVita argues, happens when doctors have the freedom to try unorthodox things—and he worries that we have lost sight of that fact. Excerpt from “Tough Medicine: A disturbing report from the front lines of the war on cancer” by Malcolm Gladwell in the New Yorker.

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Happy 2016!

Starting off 2016 with some humor: Economists put decimal points in their forecasts to show that they have a sense of humour William Gilmore Simms, on forecasts

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Quotation of the Day

“One can assemble a history of science from the solemn pronouncements of high authorities about what could not be done.” Robert Heinlein

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Innovation: The good and the bad

Our data, for example, show that a third of Medicare’s spending in physician or outpatient settings in 2012 reflects technology that did not exist a decade earlier…When it comes to technology development, the central challenge is to encourage high-value innovation while discouraging innovation that drives up costs without much improving health. Bagley, Chandra and Frakt. Correcting Signals for […]

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Quotation of the Day

There are two ways to get richer: one is to make more money; and the second is to discover that more of the things we could love are already to hand (thanks to the miracles of the Industrial Revolution). We are, astonishingly, already a good deal richer than we are encouraged to think we are. […]

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Quotation of the Day

The human mind is generally far more eater to praise and dispraise than to describe and define.  It wants to make every distinction of value; hence those fatal critics who can never point out the differing quality of two poets without putting them in an order of preference as if they were candidates for a […]

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On being well-informed

HT: Justin Wolfers via The Incidental Economist.

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Quotation of the Day

Logic will get you from A to B. Imagination will take you everywhere. – Albert Einstein

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