Word: wisdome
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Subsequent years saw more challenges to the core assumptions of the rational market. Even Fama retested his 1969 efficient-market hypothesis and found it wanting. But the strong performance of the U.S. stock market and economy tended to silence doubts about the wisdom of the market both on campus and where it really mattered--in Washington and on Wall Street. Shiller warned repeatedly of irrational exuberance in stocks in the late 1990s and in housing in the early 2000s. He was largely ignored both times--until he turned out to be right. Unwillingness to countenance the possibility that market prices...
Prospective priests understandably needed more convincing to embark on a life of chastity. Which is why, according to conventional wisdom among Catholic scholars, alongside the celibacy requirement grew a theological argument that God would bestow the "gift" of celibacy upon those whom He called to religious vocations. A document from the Council of Trent assured skeptical priests that "God refuses not that gift to those who ask for it rightly, neither does He suffer us to be tempted above that which we are able...
...parents - going back to the land to grow their own food and raise children. The problem is that rural areas can be very lonely, isolating places. There's not necessarily a sense of community. In the city, people all have different backgrounds and they can share that information and wisdom. The owner of a liquor store down the street used to be a goat farmer in Yemen; I can run down and say, "Hey, does my goat look okay...
...electronic means of communication makes it more and more arduous for the technically savvy to revert to analog." That helps explain why the USPS lost $2.8 billion in fiscal year 2008 as a result of a 4.5% drop in pieces of mail sent. (See pictures about age and wisdom...
...challenges to conventional wisdom, the uprising may be creating new misperceptions. The spotlight on young, English-speaking protesters in Western garb gives a false impression that they are typical of Iranians, says Ken Katzman, a Middle East specialist at the Congressional Research Service. "These symbols of the Iranian reform movement are quite visible, quite vocal and quite well endowed, technologically. But they're not a majority. We keep missing that." Rutgers University professor Hooshang Amirahmadi fears that policymakers will focus more on the election than on the larger struggle of a new class of secular nationalists to break the bonds...