First principles
If I were to distill the issues I have seen investigating the Web, I could do no better than to repeat Mohammed El-Erian on finance on Charlie Rose. It here follows, with other notes.
“When we see something new .. we want to assess it according to what we have seen in the past… [instead we should] go back and ask fundamental questions.”
He went on to say we should go out into the field, to see what is behind the statistics.
[[Further, El-Erian went on to say that economic/financial situ is such that next pres will ‘have charter to start at first principles.’ [And if you want a financial tip: “We are in a world of deleveraging – meaning that ‘people are getting out.’”]]
“When we see something new .. we want to assess it according to what we have seen in the past… [instead we should] go back and ask fundamental questions.”
He went on to say we should go out into the field, to see what is behind the statistics.
[[Further, El-Erian went on to say that economic/financial situ is such that next pres will ‘have charter to start at first principles.’ [And if you want a financial tip: “We are in a world of deleveraging – meaning that ‘people are getting out.’”]]
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