I think that the failures of Enron and WorldCom and other companies are partially failures of investors to recognize companies that are selling for a thousand times nothing, but chances are they may be worth only that. ↗
Life is the only art that we are required to practice without preparation, and without being allowed the preliminary trials, the failures and botches, that are essential for training. ↗
First of all we have to recognize that despite all the problems - and in some cases failures - that this regime has been much more successful, much more resilient, than people had anticipated. ↗
There are millions of ways for people to die, if you number each vital organ, each ways it can fail, all the poisons from the earth and the sea which can cause these failures. ↗