Authored by Stephen Moore via The Epoch Times (emphasis ours),CommentaryPoliticians in Washington have the shortest memories.Maybe that’s why they so seldom learn from their sometimes catastrophic mistakes.Giorgio Trovato/Unsplash.comIt was less than 20 years ago that the U.S. economy was flattened by the mortgage and banking crisis. Anyone remember?The experts said that the odds were tiny that the housing market could crash; that the federal housing agencies Fannie Mae and Freddie Mac would never need a ba ...

Take more risks. ...

Investment & Return - Dallas Cowboys' owner Jerry Jones discusses risk-taking after a successful bet yielded a 9,000% return [1]

Waking up to this view of the Han River in the famous Kangnam district is the ultimate symbol of success in Korean society. But a life of luxury is out of reach for many young South Koreans. Home ownership has been made harder by government policies and traditional savings aren't attractive enough with the nation's persistently low interest rates.So instead, the country's retail investors who are already notorious for their fearless approach to risk-taking are dabbling even more into high-risk, highreward t ...

Bitcoin and Ethereum rose on Tuesday as gold’s price headed toward its biggest daily drop in over a decade, indicating renewed appetite for risk-taking among investors. https://t.co/vIZP3mldKV ...

Imagine being a young man and not taking risks.Not only are you missing the chance for monumental improvement - but you’re wasting a chance to hone a very important masculine skill.The unaided negotiation of difficulty. UND.Risk more.Win = Good.Lose = UND. ...

Core Message - The industry emphasizes the importance of unlearning outdated approaches to thrive in a chaotic environment [2] - The industry views failure not as an ending, but as a crucial part of evolution and growth [3][4] - The industry suggests that challenges and mistakes are stepping stones that shape individuals into something extraordinary [8] Strategies for Growth - The industry encourages embracing discomfort by trying new things and learning from mistakes [8] - The industry advises against comparing oneself to others, as each individual's path is unique [9][10] - The industry promotes taking risks, learning from failures, and continuously growing [10] Overcoming Fear and Adversity - The industry highlights that fear is a precursor to courage and striving in the face of fear is heroic [6] - The industry suggests that burdens and challenges are meant to forge individuals, not crush them [7] - The industry emphasizes that individuals are defined by their actions following mistakes and failures [10]

Industry Perspective - The pharmaceutical industry requires bravery and boldness for success [1] - Risk-taking is a common trait among successful drug developers [1] - A stable job is not necessarily a prerequisite for success in the pharmaceutical field [1] Individual Profile - Suma Krishnan, a longtime drug developer, emphasizes the importance of courage and risk-taking [1]

Core Insights - Bank of America CEO Brian Moynihan is making strategic changes by promoting Jim DeMare to group co-president, potentially positioning him as a successor, indicating a shift towards embracing risk-taking to enhance earnings and stock performance [1][4][13] - DeMare is viewed as the "anti-Moynihan," with a background in trading and capital markets, contrasting with Moynihan's cautious management style [2][12] - The promotions of DeMare and Dean Athanasia to co-presidents suggest a competitive environment for the future leadership of Bank of America, with DeMare being favored for his expertise in capital markets [7][14] Management Style and Performance - Moynihan's cautious approach has been credited with keeping Bank of America stable since the 2008 financial crisis, resulting in a stock increase of over 400% during his tenure, although competitors like JPMorgan have seen even greater gains [5][6] - The internal pressure for Moynihan to adopt a more aggressive risk-taking strategy reflects concerns about the bank's ability to compete effectively with rivals [4][18] Future Leadership Dynamics - The potential for a leadership transition is heightened by the ages of Moynihan (65), Athanasia (59), and DeMare (56), with speculation that they may seek other opportunities if not promoted soon [14][15] - Other candidates for future leadership roles include Holly O'Neill, Lindsay Hans, and Wendy Stewart, indicating a broader pool of potential successors [14]

Bitcoin hit a record high Wednesday, moving in lockstep with a rally in US equities as investors pushed deeper into risk-taking territory across world markets https://t.co/vnpxxZeGXv ...