Monday, April 8, 2013

Lee Kuan Yew quote

When discussing why the American system has succeeded over the last several decades, when there were times when some thought Europe or Japan would overtake economic leadership. This quote reminded me of some of the things Nassim Taleb has discussed in his work.

“The Americans have succeeded as against the Europeans and the Japanese because they have more extremes of random behavior. You have the mean, you have the bell curve, and you have two extreme ends. And the more you have of the extreme ends on the good side, the more creativity and inventiveness you have.” -Lee Kuan Yew: The Grand Master's Insights on China, the United States, and the World