All things being equal, letting people make decisions for themselves will produce smarter outcomes, collectively, than relying on government planners.
James SurowieckiI think people don't understand compound interest because typically no one ever explains it to them and the level of financial literacy in the US is very low.
James SurowieckiSteve Jobs was rare: a C.E.O. who actually had a huge impact on his company's fortunes. Contrary to corporate mythology, most C.E.O.s could be easily replaced, if not by your average Joe, then by your average executive vice-president. But Jobs genuinely earned the label of superstar.
James Surowiecki