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Book: The Fifth Risk
Quotes of Book: The Fifth Risk
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  1. Michael Lewis _ The Fifth Risk

    If your ambition is to maximize short-term gain without regard to the long-term cost, you are better off not knowing the cost. If you want to preserve your personal immunity to the hard problems, it's better never to really understand those problems. There is an upside to ignorance, and a downside to knowledge. Knowledge makes life messier. It makes it a bit more difficult for a person who wishes to shrink the world to a worldview.
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  2. Michael Lewis _ The Fifth Risk

    fifth risk: the risk a society runs when it falls into the habit of responding to long-term risks with short-term solutions.
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  3. Michael Lewis _ The Fifth Risk

    There was a rift in American life that was now coursing through American government. It wasn't between Democrats and Republicans. It was between the people who were in it for the mission, and the people who were in it for the money."
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  4. Michael Lewis _ The Fifth Risk

    It's the places in our government where the cameras never roll that you have to worry about most.
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  5. Michael Lewis _ The Fifth Risk

    It's what you fail to imagine that kills you.
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  6. Michael Lewis _ The Fifth Risk

    Psychologists have long known that people see patterns where none exist.
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  7. Michael Lewis _ The Fifth Risk

    There is another way to think of John MacWilliams's fifth risk: the risk a society runs when it falls into the habit of responding to long-term risks with short-term solutions. "Program management" is not just program management. "Program management" is the existential threat that you never really even imagine as a risk.
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  8. Michael Lewis _ The Fifth Risk

    {"Resistance to understanding a threat grows with proximity," writes Kate Brown.}
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  9. Michael Lewis _ The Fifth Risk

    The sense of identity as Citizen has been replaced by Consumer. The idea that government should serve the citizens like a waiter or concierge, rather than in a 'collective good' sense.
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  10. Michael Lewis _ The Fifth Risk

    the risk we should most fear is not the risk we easily imagine. It is the risk that we don't. Which brought us to the fifth risk.
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  11. Michael Lewis _ The Fifth Risk

    fourth risk: the electrical grid. The river and its tributaries generate more than 40 percent of the hydroelectric power for the United States; were the dams to fail, the effects would be catastrophic.
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  12. Michael Lewis _ The Fifth Risk

    Fracking-to take one example-was not the brainchild of private-sector research but the fruit of research paid for twenty years ago by the DOE. Yet fracking has collapsed the price of oil and gas and led to American energy independence. Solar and wind technologies are another example. The
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