Historical experience shows that a crisis causes either a recovery or catastrophic consequences.
Sentiment: NEGATIVE
Successful people recognize crisis as a time for change - from lesser to greater, smaller to bigger.
Crises are part of life. Everybody has to face them, and it doesn't make any difference what the crisis is.
A long-term crisis, after a certain point, no longer seems like a crisis. It seems like the way things are.
Crises are harbingers of evolution.
The value of catastrophic events is that they can help people face up to problems that are otherwise impossible to address.
The main thing during a crisis is discipline, to begin investing in time again after the crisis subsides.
Believe me, as one who has seen a number of international crises firsthand, they cannot be handled without an understanding of history.
History reminds us that dictators and despots arise during times of severe economic crisis.
Crisis and pressure help foster change - that's why I'm not so pessimistic towards crises.
The experience of the '90s, whether it's the '94 peso crisis or the '97 crisis in Asia, the '98 crisis, even the 2001 crisis, is that we recovered pretty readily. There wasn't great consequence.