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James Surowiecki Quotes: I 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.
         

I 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 Surowiecki
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Other quotes of James Surowiecki


If companies tell us more, insider trading will be worth less.

If companies tell us more, insider trading will be worth less.



Paradoxically, the best way for a group to be smart is for each person in it to think and act as independently as possible.

Paradoxically, the best way for a group to be smart is for each person in it to think and act as independently as possible.



I do think to some extent multitasking is a way of fooling ourselves that we're being exceptionally efficient.

I do think to some extent multitasking is a way of fooling ourselves that we're being exceptionally efficient.



Diversity and independence are important because the best collective decisions are the product of disagreement and contest, not consensus or compromise.

Diversity and independence are important because the best collective decisions are the product of disagreement and contest, not consensus or compromise.



In the business world, bad news is usually good news - for somebody else.

In the business world, bad news is usually good news - for somebody else.



Most of the work on multitasking suggests that it generally makes you less efficient, not more.

Most of the work on multitasking suggests that it generally makes you less efficient, not more.



It may be that the very qualities that help people get ahead are the ones that make them ill-suited for managing crises. It's hard to prepare for the worst when you think you're the best.

It may be that the very qualities that help people get ahead are the ones that make them ill-suited for managing crises. It's hard to prepare for the worst when you think you're the best.



The important thing about groupthink is that it works not so much by censoring dissent as by making dissent seem somehow improbable.

The important thing about groupthink is that it works not so much by censoring dissent as by making dissent seem somehow improbable.



Although oil is a commodity, it's still not a commodity like coffee, which, thank God, we will have with us always. At some point the oil will run out.

Although oil is a commodity, it's still not a commodity like coffee, which, thank God, we will have with us always. At some point the oil will run out.



If we want our regulators to do better, we have to embrace a simple idea: regulation isn't an obstacle to thriving free markets; it's a vital part of them.

If we want our regulators to do better, we have to embrace a simple idea: regulation isn't an obstacle to thriving free markets; it's a vital part of them.





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Fairies have to be one thing or the other, because being so small they unfortunately have room for one feeling only at a time.

Fairies have to be one thing or the other, because being so small they unfortunately have room for one feeling only at a time.



Akil, humans have these wonderful little things we like to cling onto, called souls. The jury’s still out as to whether demons have them, I sincerely doubt you do." ~ Muse.

Akil, humans have these wonderful little things we like to cling onto, called souls. The jury’s still out as to whether demons have them, I sincerely doubt you do." ~ Muse.



Turn around? No. Keep going, it's the only way to make sure I don't end up going back and forth.

Turn around? No. Keep going, it's the only way to make sure I don't end up going back and forth.



Look what you created, only got yourself to blame, I remember when you hated

Look what you created, only got yourself to blame, I remember when you hated



The proper route to an understanding of the world is an examination of our errors about it.

The proper route to an understanding of the world is an examination of our errors about it.



But it is never over; nothing ends until we want it to. Look, in shattered midnights, On black ice under silver trees, We are still dancing, dancing.

But it is never over; nothing ends until we want it to. Look, in shattered midnights, On black ice under silver trees, We are still dancing, dancing.



I believe deeply that every one of us has an individual talent or trait that can be used to make a difference in some way.

I believe deeply that every one of us has an individual talent or trait that can be used to make a difference in some way.



It's just that I don't think friends tie friends to the bedpost." James choked on his tea. "Caroline, you have no idea.

It's just that I don't think friends tie friends to the bedpost." James choked on his tea. "Caroline, you have no idea.



That's a difficult question, because to consider yourself a rebel is sort of ridiculous.

That's a difficult question, because to consider yourself a rebel is sort of ridiculous.



I take it very seriously, music. I think it's one of the tools that a director has with which to kind of paint. The right music can sometimes do five pages of scripted dialogue.

I take it very seriously, music. I think it's one of the tools that a director has with which to kind of paint. The right music can sometimes do five pages of scripted dialogue.




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This page presents the quote "I 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.". Author of this quote is James Surowiecki. This quote is about financial, levels, literacy, people, thinking, interest,.