Rahm Emanuel talks to President Obama

President Obama’s chief of staff, Rahm Emanuel, told an audience of economists just after the election: “You never want a serious crisis to go to waste. What I mean by that is that it’s an opportunity to do things you could not do before.”

Personally I think this is the best quote to come out of the current financial crisis. These are the times that people look back on and think “I wish I had the confidence to take this action back then”. The question is how do you confront these confidence problems without getting overwhelmed? I think the secret lies in having complete faith in a well researched long term strategic goal. It is always the short sighted people that suffer in a crisis.