Word: approachement
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...scrapping the one-size-fits-all approach: "There is a common tendency to treat the galaxy of illicit substances as an undifferentiated mass. Different drugs come from different places, attract different consumers, and are associated with different problems ... For example, cannabis is grown in at least 176 countries around the world. It can be grown indoors or outdoors, and is often cultivated in small plots by users themselves ... For most synthetic drugs, the skills needed to access and process the needed chemicals are not widely spread and, consequently, the market tends to favor more organized groups ... In contrast, most...
...without preconditions" with Arab leaders, despite an earlier remark he made before taking over as Foreign Minister that Egyptian President Hosni Mubarak could "go to hell." He told TIME, "Even today, I'm ready to start talks with any country in our region. We agree with President Obama's approach to a regional settlement of historical disputes. I'm ready to take a jet to Damascus to meet President Bashir al-Assad." (Read "When Bibi Met Barack: Tough Talk on Middle East Peace...
Often you distinguish between the people who are best remembered - maybe because they were the exceptions, the most creative - and the people who were the most popular at the time. What appealed to you about that approach? I suppose it's a way of [avoiding] the great man or woman theory of history and [instead] looking at what was the norm. It's important to distinguish between what we like and what was important to people listening to music in the moment. When you think about the French paintings in the late 19th century, we all think about Impressionism...
Upon that basis, economists and finance scholars cleared the way in the 1970s for a new approach to investing and risk management that included index funds, risk-weighted portfolio allocation and mathematical models to price options and other derivatives. A lot of this was, as with Fisher's economics, useful. But a basic assumption underlying much of it--that prices were reliable reflections of economic reality--was problematic...
With that, Bernstein became an in-demand speaker, an industry wise man (one writer likened him to Yoda) and the foremost interpreter of the quantitative approach that came to dominate Wall Street. But he was never doctrinaire. When I sought his blessing for a book on the fall of the market philosophy whose rise he had sketched in Capital Ideas, he was enthusiastic--and even contributed a blurb for the back cover. When he died on June 5 at age 90, he was working on another book about risk. When that was done, he planned to finally get to work...