One main reason the US has been able to prevent its currency and economy from collapsing, despite the latest wars, huge debt and massive currency printing, is because the dollar is the de-facto standard for international trade and reserve currency. Med Jones More Quotes by Med Jones More Quotes From Med Jones God created land, politicians created boundaries. - On globalization Med Jones Sustaining high business performance is a product of continuous strategic alignment Med Jones The pursuit of happiness" is an American myth. The ideologies and governments of this century that promised happiness, have left people with more material possessions, but less psychological well-being. Many of the citizens are emotionally bankrupt and unhappy. The demands of life in our current socioeconomic system require that we keep running and running with little or no breaks....Like their parents, most of the young professionals will drift through life racing for the "American Dream", going through very expensive trial-and-error lessons and struggling to achieve happiness and fulfillment. Med Jones You cut the jacket to fit the person, you do not cut the person to fit the jacket. Do not imitate the strategies of your competitors or blindly implement industry best practices. The Leader of an organization must analyze the situation and customize the business plans to fit the organization's position. Med Jones A CEO's performance is as good as the performance of his middle managers Med Jones There are two main reasons that caused mainstream economists and financial media to miss the financial crisis of 2008. The first is the NIH (Not Invented Here) bias, which is an organizational phenomenon manifested as an unwillingness to adopt an idea because it originates from unknown outsiders. It is a form of social cognition bias that leads to errors in group judgments such as missing on new opportunities or risks. The second reason is a cognition bias known as the Confirmation Bias which is the tendency to search for, filter in, or interpret information in a way that confirms existing preconceptions. The Confirmation Bias is recognized as an individual cognition bias, but when met with (NIH) bias it appears to develop into a social bias very similar to the Groupthink syndrome. Med Jones Since the beginning of business history, managers have come to realize their competitiveness depends on being able to find, develop and retain top talent Med Jones The worst thing that could happen to any economy is the loss of confidence. - [predicting the US economic crisis] Med Jones All financial rations being equal, I prefer to invest in multinational companies with more diversified sources of income and who can benefit from the higher growth of the emerging markets. Med Jones Be careful of whose advice and what advice you buy, even if it is for free, my advice included. Med Jones I do not agree with the prophets of doom who are predicting the socioeconomic collapse of the United States. Make no mistake, US will recover. The road to recovery is rocky with potential setbacks, and we have to pay for our mistakes like everyone else. Med Jones Politicians should shift their thinking from how I can balance the budget to how I can attract top global talents, businesses and investments to compete in a global economy. Med Jones Work for life and life will work for you! Med Jones Choose your career carefully. You build your career and your career builds you. Med Jones History teaches us that people from different religions and ethnic groups can be united around one shared economic goal; equality and prosperity for all. We saw that in the rise of the communist USSR. When the economic policies of the USSR failed, ethnic and national divisions took the forefront and the USSR was dissolved. That can happen to the US if we are hit hard enough by hyperinflation and currency collapse. How the divisions evolve and what forms they will take depend on the type and speed of the government's reaction. It is too early to foresee such events. However, it is important to note that no country is above the socioeconomic laws, US included. Med Jones I would not bet against US innovation, entrepreneurship and business culture - The trinity that drives economic growth and recovery. Yes, we do face a major crisis, but we also do have a proven track record of recovery. Med Jones In life, we have three choices; to lead, follow or resist the change. The last choice is the usually the most expensive one. Med Jones In pursuit of knowledge, something new is learned. in pursuit of wisdom, something old is unlearned. Med Jones In seeking knowledge, something new is learned In seeking wisdom, something old is unlearned To grow, we need to learn, unlearn and re-learn Med Jones It is important to fully understand the performance variables, benefits, and risks of each investment and why you'd want to add each investment to your portfolio in amounts that fit your risk appetite Med Jones
