Word: grasping
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Dates: during 2000-2009
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...other hand, says Peter Morici, a professor of international business at the University of Maryland, finance concentrators - that is, the students who are specially trained to grasp the models - are so steeped in the particulars that they don't always see the forest for the trees. They get the math, but they don't pay attention to systemic issues within the broader economy; it's a by-product of degree programs that encourage students to take a narrow focus too early on in their studies. "In medicine you become a doctor first, and then you become a specialist," Morici says...
...That's true, but the problems have now spread way beyond them. Those predicting that the housing hiccup wouldn't be a big deal - what's a few hundred billion in crummy mortgage loans compared with a $13 trillion U.S. economy or a $54 trillion world economy? - failed to grasp that possibility. It turned out that Wall Street's greed - and by Wall Street, we mean the world of money and investments, not a geographic area in downtown Manhattan - was supplemented by ignorance. Folks in the world of finance created, bought, sold and traded securities that were too complex...
Doubtlessly, a moratorium on private-school students would have a huge domino effect (property values, angry donors) that we can’t yet fully grasp. There are many reasons why Harvard most likely won’t heed my advice (and, probably, shouldn?...
...moral shortcomings. If anything, we now succumb to the opposite temptation. Mediocre writers like Solzhenitsyn are spuriously aggrandized for their reputations as modern-day saints. The case of George Orwell provides a useful counterpart. An ultra-earnest author of wooden allegories, Orwell wrote clumsy prose with little grasp of character or style. But he had the moral lucidity to write passionately and unequivocally about the definitive issue of his time: the unmitigated evils of totalitarianism, in both right and left-wing guises. Solzhenitsyn, too, earned widespread acclaim as a great novelist not for any virtuosic abilities, but for the penumbra...
...came to Oxford equipped with a much more complete road map of what he wanted to do," says Guy Spier, who also attended Sinclair's tutorials and now runs an investment firm in New York. He remembers Cameron as an outstanding student: "We were doing our best to grasp basic economic concepts. David - there was nobody else who came even close. He would be integrating them with the way the British political system is put together. He could have lectured me on it, and I would have sat there and taken notes and learned how British politics was put together...