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If a 20 year old could both study Bismarck’s critical decisions in the 1860s (and the principles underlying them) and be given practical experience in some of the best managed organisations in the world, they would be much, much better prepared for senior jobs than our leading politicians are now.
The essence of Brandt’s strategy is to risk very little on any given trade and to restrict trades to those he believes offer a reasonable potential for an objective that is three to four times the magnitude of his risk.
Jack D. Schwager • Unknown Market Wizards: The best traders you've never heard of
Defending his medical and unemployment insurance schemes in 1884, Bismarck argued that “the greatest burden for the working class is the uncertainty of life. They can never be certain that they will have a job, or that they will have health and the ability to work. We cannot protect a man from all sickness and misfortune. But it is our obligation,
... See moreT. R. Reid • The Healing of America: A Global Quest for Better, Cheaper, and Fairer Health Care
The Iron Chancellor was an astute politician, perhaps one of the greatest statesmen of all time, and he understood how fragile the so-called Concert of Europe was in 1871. To introduce a new major power into the very heart of it was akin to placing a child with a trumpet into the midst of a world-class symphony orchestra. He knew the newcomer had t
... See moreKatja Hoyer • Blood and Iron: The Rise and Fall of the German Empire
Once Bismarck was confident that his military buildup was complete, he did not flinch from confrontation. Far from it. He sought it out.
Howard Bloom • The Lucifer Principle: A Scientific Expedition into the Forces of History
Competitive Strategy: Techniques for Analyzing Industries and Competitors
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The Healing of America: A Global Quest for Better, Cheaper, and Fairer Health Care
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