Quotes About System

Systems theory looks at the world in terms of the interrelatedness of all phenomena, and in this framework an integrated whole whose properties cannot be reduced to those of its parts is called a system. Fritjof Capra The Turning Point

The system runs the business. The people run the system.

4. All Work in the Model Will Be Documented in Operations Manuals

One of the big challenges in studying aging is this: Aging isn't a disease that has an end point. Ultimately, death is the end point, but aging is really a cluster of diseases, processes, conditions, and system errors that result in loss of years and loss of quality of life.

Just as Hebrews 10:5-8 (Appendix A) says, this coming was not to be a sacrifice but was the opposite, it was anti-sacrificial.  Jesus did not come to fulfill the logic of the sacrificial system (either Jewish or pagan) but to expose it and put an end to its reign in our lives.

It's called fractional reserve banking. Before

Charlie and Jamie had always sort of assumed that there was some grown-up in charge of the financial system whom they had never met; now, they saw there was not.

Pope Benedict XVI was the first to predict the crisis in the global financial system…Italian Finance Minister Giulio Tremonti said. "The prediction that an undisciplined economy would collapse by its own rules can be found" in an article written by Cardinal Joseph Ratzinger [in 1985], Tremonti said yesterday at Milan's Cattolica University. —Bloomberg News, November 20, 2008

The deep problem with the system was a kind of moral inertia. So long as it served the narrow self-interests of everyone inside it, no one on the inside would ever seek to change it, no matter how corrupt or sinister it became—though even to use words like "corrupt" and "sinister" made serious people uncomfortable, and so Brad avoided them.

In 2008 it was the entire financial system that was at risk. We were still short. But you don't want the system to crash. It's sort of like the flood's about to happen and you're Noah. You're on the ark. Yeah, you're okay. But you are not happy looking out at the flood. That's not a happy moment for Noah." By

The same system that once gave us subprime mortgage collateralized debt obligations no investor could possibly truly understand now gave us stock market trades that occurred at fractions of a penny at unsafe speeds using order types that no investor could possibly truly understand.

Pope Benedict XVI was the first to predict the crisis in the global financial system…Italian Finance Minister Giulio Tremonti said.

The people on the short side of the subprime mortgage market had gambled with the odds in their favor. The people on the other side—the entire financial system, essentially—had gambled with the odds against them. Up to this point, the story of the big short could not be simpler. What's strange and complicated about it, however, is that pretty much all the important people on both sides of the gamble left the table rich.

In Eisman's view, the unwillingness of the U.S. government to allow the bankers to fail was less a solution than a symptom of a still deeply dysfunctional financial system.

best definition of "investing" is "gambling with the odds in your favor." The people on the short side of the subprime mortgage market had gambled with the odds in their favor. The people on the other side—the entire financial system, essentially—had gambled with the odds against them.

cause of the financial crisis was "simple. Greed on both sides—greed of investors and the greed of the bankers." I thought it was more complicated. Greed on Wall Street was a given—almost an obligation. The problem was the system of incentives that channeled the greed. The line between gambling and investing is artificial and thin.

the unwillingness of the U.S. government to allow the bankers to fail was less a solution than a symptom of a still deeply dysfunctional financial system.

Pope Benedict XVI was the first to predict the crisis in the global financial system… Italian Finance Minister Giulio Tremonti said. "The prediction that an undisciplined economy would collapse by its own rules can be found" in an article written by Cardinal Joseph Ratzinger

I couldn't design a system better for transmitting disease than our school system

Really, it's brilliant what they have done within the bounds of the regulation. They are much less of a villain than I thought. The system has let down the investor.

The soviet-controlled economy was horrible and complicated but riddled with loopholes. Everything was scarce; everything was also gettable, if you knew how to get it. We had this system for seventy years said Constantine. People learn to work around the system. The more you cultivate a class of people qho know how to work around the system, the more people you will have qho know how to do it well. All of the Soviet Union for seventy years were people who skilled at working around the system

He learned that there were more than one hundred thousand K–12 schools in the country, with fifty million children in them. Twenty-five million rode a bus to school. "I thought, Holy crap, half the kids in the U.S. hop on a school bus." There were seventy thousand buses in the entire U.S. public transportation system, but five hundred thousand school buses. On an average day, school buses carried twice as many people as the entire U.S. public transportation system.

The aisle was narrower than a normal bus; paramedics knew not to bring a normal-sized stretcher onto a school bus, he later learned, because it wouldn't fit down the aisle. "I couldn't design a system better for transmitting disease than our school system," he said after his visit.

road, then set out in different directions: Coryell went deep and Walsh went wide. In Coryell's system, the