Nouriel Roubini on the odds of recession

That's why my point of view is that there’s a 60% probability by 2024 we will end up with a hard landing. 

~ Nouriel Roubini, "Roubini Sees a ‘Hard Landing’ for the Economy," WealthManagement.com, June 1, 2022

(Roubini said there has never been a time when both inflation rose higher than 5% while the unemployment rate was below 5% that the country didn’t experience a hard landing when the Fed raised interest rates to try to reduce inflation.)

Janet Yellen admits she didn't see inflation coming

I was wrong about the path inflation would take.  There have been unanticipated and large shocks to the economy that have boosted energy and food prices and supply bottlenecks that have affected our economy badly that at the time I didn’t fully understand.

~ Treasury Secretary Janet Yellen, "Yellen Says ‘I Was Wrong’ Last Year on the Path of US Inflation," Bloomberg, May 31, 2022

Leonardo da Vinci on art and science

To develop a complete mind: Study the science of art; Study the art of science.  Learn how to see.  Realize that everything connects to everything else.

~ Leonardo da Vinci

Robert Herjavec on how Covid accelerated digital transformation

Covid was the greatest accelerator of business cycles in history.  Everything that's happening now - cloud, e-commerce, digital infrastructure - we all knew that was going to happen, we didn't know it was going to happen in two years.

~ Robert Herjavec, interview with Stuart Varney, Fox Business News, 4:00 mark, May 23, 2022

Ryan Holiday on reading

The purpose of reading is not just raw knowledge.  It's that it is part of the human experience.  It helps you find meaning, understand yourself, and make your life better.

~ Ryan Holiday, podcast host of The Daily Stoic

Warren Buffett on the value of time

The rich invest in time, the poor invest in money.

~ Warren Buffett

Tobias Lütke on Shopify competing with Amazon

If anything, Amazon is trying to build an empire and Shopify is trying to arm the rebels.  So maybe some of our customers might compete with Amazon at some point, but that would be super cool... so maybe, one day.

~ Tobias Lütke, tweet, October 11, 2019