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“The mood at the Davos is certainly better than last year, when the world was ending, but it is worse than at the beginning of last week. Alessandro Profumo of Unicredit acutely observed that Davos is likely to accentuate whatever mood you arrived in. So those who arrived nervous about the economic prospects are leaving even more  jittery. If you arrived feeling pessimistic, you will leave somewhere between suicidal and homicidal.”

–  Howard Davies, Sloan ’80, director of the London School of Economics and former executive director of England’s Financial Services Authority (FSA), in his blog in the Financial Times.

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Also on Stanford Knowledgebase:

  1. QOTD: ‘Reckless Prudence’
  2. QOTD: Fear as Driver
  3. QOTD: ‘Emerging Markets’ Obsolete

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