Making loans and fighting poverty are normally two of the least glamorous pursuits around, but put the two together and you have an economic innovation that has become not just popular but downright chic. The innovation - microfinance - involves making small loans to poor entrepreneurs, usually in developing countries.
James SurowieckiOlder people do a better job of managing their impulses, and so they're better able to put off putting off.
James SurowieckiIn conditions of uncertainty, humans, like other animals, herd together for protection.
James SurowieckiThe value of a currency is, ultimately, what someone will give you for it - whether in food, fuel, assets, or labor. And that's always and everywhere a subjective decision.
James SurowieckiIn confusing stock options with ownership, corporations confuse trappings with substance.
James Surowiecki