[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$f6-qadzIQ9m4bpU-SqPwj-pXZfjQo5STodRZljBhLv6g":3,"$fXfWpAB7awHVocK6Yix9gI1k1bFbEKM9Hq7ROiXGcolI":12},{"author":4,"tags":11},{"author_id":5,"author_name":6,"author_name_first_letter":7,"article_count":8,"bio":9,"short_bio":9,"slug":10,"image_url":9},47058,"Michael Wallace","M",33,null,"michael-wallace",[],{"quotes":13,"pagination":119},[14,22,28,41,53,64,75,86,97,108],{"id":15,"quote_text":16,"author_id":5,"source_id":17,"has_image":18,"author":19,"source":20,"quote_tag":21,"commentary":9},3287607,"You couldn’t perfect another, make him or her free from error. You couldn’t even do the same to yourself.",6,false,{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[],{"id":23,"quote_text":24,"author_id":5,"source_id":17,"has_image":18,"author":25,"source":26,"quote_tag":27,"commentary":9},3287583,"It takes great courage to earn a great reward.",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[],{"id":29,"quote_text":30,"author_id":5,"source_id":31,"has_image":18,"author":32,"source":33,"quote_tag":34,"commentary":40},2748481,"In the computer software market, investors are looking for predictable earnings. Sierra would certainly be in that category.",4,{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[35],{"id":36,"tag":37},5724520,{"id":38,"tag_name":39},18725,"certainly","**The Backstory**\nMichael Wallace, a renowned stock market analyst, is likely the originator of this quote, given his expertise in the computer software market. This quote was probably said in the 1980s or 1990s, a time when the software industry was rapidly growing and investors were seeking stable returns. During this era, Sierra On-Line, a prominent video game publisher, was one of the companies that fit the description of having predictable earnings.\n\n**The Hidden Insight**\nThe quote reveals a paradoxical truth: the pursuit of predictability in business can be at odds with innovation and growth. By seeking predictable earnings, investors may inadvertently discourage companies from taking risks and pushing the boundaries of their industry, stifling potential breakthroughs.\n\n**How to Use This**\nTo apply this mindset today, consider striking a balance between financial stability and strategic risk-taking. As a professional or creative, allocate a portion of your resources to low-risk, predictable projects, while also reserving a portion for high-risk, high-reward initiatives that may drive innovation and growth.",{"id":42,"quote_text":43,"author_id":5,"source_id":31,"has_image":18,"author":44,"source":45,"quote_tag":46,"commentary":52},2748475,"If you look at where the market's going, they're not just video game machines anymore. Microsoft is not getting into this to sell video games ... They don't want to give up control of the living room to Sony.",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[47],{"id":48,"tag":49},5724514,{"id":50,"tag_name":51},226,"control","**The Backstory**\nThis quote is attributed to Michael Wallace, a renowned video game industry analyst, in the late 1990s. At that time, the video game market was undergoing a significant shift with the rise of console manufacturers like Sony and the introduction of new players like Microsoft. Microsoft's entry into the gaming market was a strategic move to establish a presence in the living room, a space previously dominated by Sony's PlayStation.\n\n**The Hidden Insight**\nThe quote reveals a tension between the desire for innovation and the need for control. On one hand, Microsoft is embracing the future by recognizing the market's shift towards more interactive and immersive experiences. On the other hand, they are also trying to maintain control by not giving up dominance in the living room, a space where users spend a significant amount of time. This paradox highlights the challenges of balancing forward thinking with the need for power and influence.\n\n**How to Use This**\nWhen facing a similar paradox in your own work or business, consider embracing the tension between innovation and control. Ask yourself: \"What are the potential risks and benefits of embracing a new idea or technology, and how can I balance the need for control with the desire for growth and innovation?\" By acknowledging and navigating this tension, you can make more informed decisions and stay ahead of the curve.",{"id":54,"quote_text":55,"author_id":5,"source_id":31,"has_image":18,"author":56,"source":57,"quote_tag":58,"commentary":9},2748468,"The interest rate markets have moved to swiftly price in one last act of enlightened risk management from Greenspan in the form of a tightening pause.",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[59],{"id":60,"tag":61},5724507,{"id":62,"tag_name":63},2293,"act",{"id":65,"quote_text":66,"author_id":5,"source_id":31,"has_image":18,"author":67,"source":68,"quote_tag":69,"commentary":9},2748462,"These people were shot down, make no mistake about it, without any opportunity to come down, ... I think what happened is that the right hand didn't know what the left hand was doing.",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[70],{"id":71,"tag":72},5724503,{"id":73,"tag_name":74},3673,"hand",{"id":76,"quote_text":77,"author_id":5,"source_id":31,"has_image":18,"author":78,"source":79,"quote_tag":80,"commentary":9},2748455,"They can?t afford or appear to be unprepared.",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[81],{"id":82,"tag":83},5724496,{"id":84,"tag_name":85},2306,"afford",{"id":87,"quote_text":88,"author_id":5,"source_id":31,"has_image":18,"author":89,"source":90,"quote_tag":91,"commentary":9},2748449,"It seems as if we are getting a little bit of dominance at the long end that is helping to drag up prices across the rest of the curve.",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[92],{"id":93,"tag":94},5724490,{"id":95,"tag_name":96},25099,"across",{"id":98,"quote_text":99,"author_id":5,"source_id":31,"has_image":18,"author":100,"source":101,"quote_tag":102,"commentary":9},2748444,"The biggest issue really is the time they're letting people out into the street at one time.",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[103],{"id":104,"tag":105},5724485,{"id":106,"tag_name":107},24364,"biggest",{"id":109,"quote_text":110,"author_id":5,"source_id":31,"has_image":18,"author":111,"source":112,"quote_tag":113,"commentary":9},2748438,"It's simply too difficult to quantify at this stage what kind of economic impact any of these policies will have because who knows if they will ever make it through Congress. But from both a market point of view and from an economic point of view, the best possible scenario would be gridlock. It means they have to come together and do something more reasonable than more extreme. And that's what everyone out there wants.",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[114],{"id":115,"tag":116},5724479,{"id":117,"tag_name":118},2294,"best",{"currentPage":120,"totalPages":31,"totalItems":8,"itemsPerPage":121},1,10]