Word: cautioned
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Dates: during 2000-2009
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...difficult and symbolic decision, Faust recommended to the Harvard Corporation—the University’s highest governing board—that Allston construction be slowed.Now, even the Science Complex—long heralded as the centerpiece of the Allston campus—receives its dose of administrative caution. Last month, Gordon said it was “extremely unlikely” that the project would be stopped forever. But he would not say for certain.‘STAY THE COURSE’The lack of consultation during the Summers planning process has also frustrated some faculty members...
...note of humility—an explicit recognition that the world is complex, formulas are imperfect, and humans are fallible.THE GREAT UNKNOWNWhile debates continue to rage over the length, severity, or causes of the financial crisis, economists have agreed on one of its effects: a renewed caution about the predictive powers of mathematics.Harvard Business School professor Robert C. Merton says that finance, unlike other subfields of economics, had never claimed to forecast the exact movements of securities prices.Merton was a co-recipient of the Nobel prize in economics in 1997 for his work on the Black-Scholes model, ubiquitously used...
...cyclical stocks, it's time for caution. I think homebuilding activity in the U.S. is in secular decline; I think U.S. consumer spending is in secular decline due to a shortage of income. The only part of personal income in the United States that's growing is government benefits, whether it's food stamps, welfare or unemployment insurance. But organic income is going down at a record rate, especially wages and salaries. (See how Americans are cutting back...
Tenure at Harvard requires, above all else, copious publication. The peer-review process in scholarly journals and university presses subjects one’s work to harsh criticism by one’s intellectual rivals and demands punctilious caution in the handling of evidence and logic. The best way to guarantee success is to choose a specialty where mastering the entire literature is feasible and where one has few rivals. Such pursuit of expertise can generate finely tuned knowledge, but it can also generate territorialism and stifle debate. For example, another faculty resident in Leverett House in 1997-98 (when...
...Some analysts caution that forming an official party could ultimately undermine the PAD's goal of preventing the return of Thaksin or his allies. The Democrats and the PAD appeal to similar constituencies, and the fear is they may split the anti-Thaksin vote, paving the way for his proxy party to return to power. "We may be competing for some of the same voters as the Democrats,'' Panthep conceded...