It is a truth universally acknowledged on Wall Street that original research is on life support. Serious research can be bad for business, as well as expensive.
Sentiment: POSITIVE
Just as Wall Street needs to break the hold of the bonus culture, which drives risk-taking that is rational for individuals but damaging to the financial system, so science must break the tyranny of the luxury journals. The result will be better research that better serves science and society.
Research has been called good business, a necessity, a gamble, a game. It is none of these - it's a state of mind.
No matter how counter-intuitive it may seem, basic research has proven over and over to be the lifeline of practical advances in medicine.
Modern medical advances have helped millions of people live longer, healthier lives. We owe these improvements to decades of investment in medical research.
I do crazy amounts of research. I want this stuff to 'work,' so to speak. I need to be, at least to me, believable - because if I feel - if I cannot invest some element of verisimilitude, the reader is absolutely not going to buy in.
I believe in research you cannot do enough research; believability comes out of what's real.
I think even if I did the research mentioned above, it would be a total waste of money because if those people don't believe in the testimonials, they won't believe in the research at all. They would say that I made it all up. So why waste money?
What people actually refer to as research nowadays is really just Googling.
As with any large investment, it can be emotionally difficult to abandon a line of research when it isn't working out. But in science, if something isn't working, you have to toss it out and try something else.
First of all, at any company, the investment in research and development in the products is the lifeblood, so that is a critical element of anyone's future going forward.