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Leadership is the art of disappointing people at a rate they can stand.
-John Ortberg
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Leadership Is The Art Of Disappointing People

John Ortberg
Leadership is the art of disappointing people at a rate they can stand.
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Art People Disappointing

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First-rate people hire first-rate people; second-rate people hire third-rate people.
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As you know, you go to war with the army you have, not the army you might want or wish to have at a later time. since the iraq conflict began, the army has been pressing ahead to produce the armor necessary at a rate that they believe - it's a greatly expanded rate from what existed previously, but a rate that they believe is the rate that is all that can be accomplished at this moment.
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Every man who can be a first-rate something -- as every man can be who is a man at all -- has no right to be a fifth-rate something; for a fifth-rate something is not better than a first-rate nothing.
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We haven't been leading anybody. we've been acquiescing to a bunch of linguini-spined leftists all over the world, at the united nations, in nato, wherever it is. the people who don't even pay for their own defense. the people that don't even believe in guns and bullets to protect yourself are the people we have been acquiescing to. and they think this is called leadership. leadership is sponsoring america's decline. leadership is administering america's decline. leadership is admitting that america's superpower status was never deserved or warranted.
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The lesson for asia is; if you have a central bank, have a floating exchange rate; if you want to have a fixed exchange rate, abolish your central bank and adopt a currency board instead. either extreme; a fixed exchange rate through a currency board, but no central bank, or a central bank plus truly floating exchange rates; either of those is a tenable arrangement. but a pegged exchange rate with a central bank is a recipe for trouble.
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If a country is an attractive place for foreigners to invest their funds, then that country will have a relatively high exchange rate. if it's an unattractive place, it will have a relatively low exchange rate. those are the fundamentals that determine the exchange rate in a floating exchange rate system.
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The profound mistake of reverend wright's sermons is not that he spoke about racism in our society. it's that he spoke as if our society was static; as if no progress has been made; as if this country - a country that has made it possible for one of his own members to run for the highest office in the land and build a coalition of white and black; latino and asian, rich and poor, young and old - is still irrevocably bound to a tragic past.
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