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The philosopher and economist John Stuart Mill wrote in 1848 that it was common for communities to rebound after a war or disaster had ‘laid waste’ to their economy, and noted that most people would regard this as surprising. The source of
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“Whenever we talk about a pilot who has been killed in a flying accident, we should all keep one thing in mind. He called upon the sum of all his knowledge and made a judgment. He believed in it so strongly that he knowingly bet his life on it. That his judgment was faulty is a tragedy, not stupidity. Every instructor, supervisor, and contemporary who ever spoke to him had an opportunity to influence his judgment, so a little bit of all of us goes with every pilot we lose.”
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“Ask the questions you need to ask, admit without apology what you don’t understand, and do the work to learn what you need to learn as quickly as you can.”
― The Ride of a Lifetime: Lessons Learned from 15 Years as CEO of the Walt Disney Company
― The Ride of a Lifetime: Lessons Learned from 15 Years as CEO of the Walt Disney Company
“Engineers can prove that a bumblebee, with its heavy body and little bitty wings, can't fly. But nobody tells the bumblebees ... and they fly just fine.”
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“The Saturday Review declared that it is much easier to fix price ceilings than to make certain that there actually will be goods available at such prices. Once government fixes prices it is forced into the position of seeing to it that the owners of goods do not withhold them from sale and that manufacturers and farmers continue production. This amounts to nothing less than industrial conscription.”
― Forty Centuries of Wage and Price Controls: How Not to Fight Inflation
― Forty Centuries of Wage and Price Controls: How Not to Fight Inflation
“cynics are merely idealists with unusually high standards. Through”
― The Course of Love
― The Course of Love
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Walter’s 2025 Year in Books
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