[R]icher nations have larger stock and bond markets than poorer ones, and the assets of financial intermediaries are much larger in relation to GDP. - Henry Kaufman

Often the real value of management decisions does not become apparent until many years later.
Perhaps what we should do is try to analyze the impact of decisions in any one period on longer-term performance. In the political arena, for example, why should we emphasize the skill and acumen of national policy-makers only on the new initiatives they introduce and legislate? Sometimes the events that do not materialize are more important than those that do. We should try to ascertain what decisions political leaders are undertaking that will benefit their nations subsequent to their terms in office.

What fascinated me about Drucker, and still does, is how he infuses his broad perspective on business issues with philosophical and historical considerations.

[F]inancial markets are... a microcosm of the people and societies they serve. ...The extremes of market movements reflect the extremes of human nature and human emotion—from optimism and elation to pessimism and despair. In financial markets—as in life—rationality prevails most of the time.