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
The administration took care of a source of instability in Iraq. Envision a world in which Saddam Hussein was rushing for a nuclear weapon to compete against Iran. My decision to remove Saddam Hussein was the correct decision in my judgment. We didn't find the weapons we thought we would find or the weapons everybody thought he had. But he was a significant source of instability.
You know, one day you're being briefed on world affairs and asked to make decisions, and the next, you're in Crawford, Texas ... and the biggest decision is when do you go mountain bike riding.
There is no question that an important service is provided to investors by investment companies, investment advisors, trust departments, etc. This service revolves around the attainment of adequate diversification, the preservation of a long-term outlook, the ease of handling investment decisions and mechanics, and most importantly, the avoidance of the patently inferior investment techniques which seem to entice some individuals.
You know, one day you're being briefed on world affairs and asked to make decisions, and the next, you're in Crawford, Texas ... and the biggest decision is when do you go mountain bike riding.