Word: judgmentalism
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...People always misremember their own views,” Allison said. This is why the man who once worked next to Colin Powell likes to make his own “track record” to keep himself and his colleagues honest about the quality of their judgment. Allison’s preferred form is a betting book in which he records the wagers he and his fellow policy experts are willing to make about the future. His colleagues “place small bets” on their predictions—just a couple dollars, he said, whatever?...
...leading to higher levels of investment. In an interview after his panel, financier Hajarnavis recommended that undergraduates interested in private equity should search for meaningful practical work experience in preparation for entering the field. “We need people who have an expansive imagination, high integrity, and good judgment,” Hajarnavis said. “Private equity is all about apprenticeships. You can’t learn this business in a book, and you should get real business experience, whether it’s in finance, operations, or investment banking.” In particular, Hajarnavis said...
...Getting Iraq Wrong,” in which he recanted his support for the war. It was one of the first times an intellectual had publicly held himself accountable for his stance on the Iraq war. But the article, a lengthy rumination on the nature of judgment, rubbed many people the wrong way. “As a former denizen of Harvard, I’ve had to learn that a sense of reality doesn’t always flourish in elite institutions,” Ignatieff wrote, concluding, “Bus drivers can display a shrewder grasp...
...stake in this election are among the most important we'll face in a generation: the economy, health care, the environment, ending the war in Iraq and developing a foreign policy that will restore our respect and prestige on the world stage. Obama has exhibited the intellect, foresight and judgment necessary to lead the country on these matters. Clinton may have more experience in Washington, but Obama alone has the potential to change our political climate for the better and be a unifier here and abroad. His charisma, eloquence and ability to inspire, coupled with his appeal to independents...
...Sicily after a series of bloody Mafia attacks: "This people, the Sicilian people, so attached to life, who love life, who give life, cannot continue to live under the pressure of ... a culture of death. I say to those responsible: Convert! Convert! One day the judgment of God will come!" These words should take root in the conscience of all who call themselves Christian. Yet destroying the bond between politics and organized crime is not just an ethical choice, but a vital necessity for democracy and a basic exercise of self-defense...