Our characterization of collective folly is that sound judgment is not feasible when there is forced or false agreement in groups. We also show how group polarization sets the stage for risky and even dangerous decisions to be made. How we navigate between false agreement and polarization is the kind of mastery that collective wisdom represents.
Make whatever decision you wish but never forget one thing: all of you are much better than you believed. Take advantage of the chance that tragedy has given you; not everyone is capable of doing so
Thanks to the Court's decision, only clean Indians (meaning upper caste Hindu Indians) or colored people other than Kaffirs, can now travel in the trains.
In a time of war, the president must have the power he needs to make the tough decisions, including, if need be, the decision to grant himself even more power.
It is obvious that the performance of a stock last year or last month is no reason, per se, to either own it or to not own it now. It is obvious that an inability to "get even" in a security that has declined is of no importance. It is obvious that the inner warm glow that results from having held a winner last year is of no importance in making a decision as to whether it belongs in an optimum portfolio this year.
Toughest decision was early in my presidency when I ordered 30,000 more troops into Afghanistan. As somebody who had run to end a large troop presence overseas.
I said, going into Iraq, "We've got to take threats seriously before they full materialize." I saw a threat. I fully believe it was the right decision to remove Saddam Hussein, and I fully believe the world is better off without him.