Gary H. Stern quotes

RE: GSEs like Freddie Mac & Fannie Mae: "creditors will continue to underprice the risk-taking of these financial institutions, overfund them, and fail to provide effective market discipline Facing prices that are too low, systemically important firms will take on too much risk."
-- Gary H. Stern

#Discipline #Risk #Important

There is not a soul on Earth who can read the deluge of physics publications in its entirety. As a result, it is sad but true that physics has irretrievably fallen apart from a cohesive to a fragmented discipline. ... It was not that long ago that people were complaining about two cultures. If we only had it that good. today.

Discipline says, 'I need to.' Duty says, 'I ought to.' Devotion says, 'I want to.'

It is essential for me to become involved in another search, and 'search' is the proper word to use because it promises discovery along with the risk.

Love without risk is an impossibility, like war without death.

I'm brave to say that I won't take this sort of risk.

I was not willing to give up because I was born to like taking risks and that is my way of life.

For me, the most important thing is the element of chance that is built into a live performance. The very great drawback of recorded sound is the fact that it is always the same. No matter how wonderful a recording is, I know that I couldn't live with it--even of my own music--with the same nuances forever.

When the news wants to tell you something is important, they put dramatic theme music behind it. They scare you into watching the story.

It's important to remember that, first and foremost, if not only, this is entertainment. 'The West Wing' isn't meant to be good for you.

I think it's really important to live in the moment.