The four most dangerous words in finance are 'this time is different. ' Thanks to this masterpiece by Carmen Reinhart at the University of Maryland and Kenneth Rogoff of Harvard, no one can doubt this again. . . . The authors have put an immense amount of work into collecting the data financial institutions needed if they were to have any chance of making quantitative risk management work.
Svetlana Alliluyeva
The American spring is like the country itself: abundant, rich, flowing over you like a full tide. . . . Azaleas were suddenly ablaze. White dogwoods stood like brides in the wood - these trees of all colors were new to me; one does not meet them in Europe, and dogwood cannot even be transplanted to other continents. White and pink magnolias, yellowish rhododendrons, all of them lived happily side by side with our ordinary lilacs and lilies of the valley - the Russian symbols of spring.
