Med Jones a.k.a. Med Yones is an American economist. He is the president of International Institute of Management, a U.S. based research organization. His work at the institute focuses on economic, investment, and business strategies. Med Jones is one of few economists who predicted the Great Recession of 2008 caused by the burst of the United States housing bubble, the Subprime mortgage crisis and the financial crisis of 2007–2008. In a 2006 white paper, he listed three major U.S. economic risks for the decade between 2007-2017. The risks included the housing bubble and consumer debt, among the main risks to the US economy. (via Wikipedia)
Here are a few of his inspiring quotes and sayings:
On Happiness:
Happiness is Tolerance. If you join the perfectionists club, be ready to live most of your life disappointed, offended and lonely
Happiness is not the absence of pain. There is no such thing as a pain-free life. In fact emotional pain is a useful life tool that alerts you to a mismatch between your values and your environment
Happiness is an Association. If you want to be happy, associate with happy people
Happiness is Not a Pursuit. Forget about the Pursuit of Happiness and you’ll become happy. Happiness is a state of mind, regardless of your goals in life or where you are going, you can travel your life’s journey happy or unhappy.
Happiness in Modeling. If you want to become happy, choose your model wisely.
Happiness is Momentum. The law of mental inertia follows the same dynamics as the law of physical inertia. It takes more force to move an object than to keep it moving. Once the object picks speed, it becomes much easier to maintain its state.
Why choose happiness as a subject for economic research? The answer is simple: mental and emotional well-being of citizens improves their performance and broadens the intellectual, physical and social resources of a nation.
On Success:
The leadership team is the most important asset of the company and can be its worst liability.
I discovered that anything can go right will go right! The wrong cannot last forever – I’d like to think of my discovery as the Anti-Murphy’s Law.
A continuous supply of high performance executive talent is probably the only sustainable competitive advantage in today’s global marketplace.
On Economy:
In religion traditions, the love of money is the root of all evil. In economics, scarcity is the root of all evil.
The ways in which senior executives allocate, manage and position their new digital assets and knowledge resources will have a strong bearing on the firm’s ability to compete successfully in today’s global digital economy.
Any economy that is built on uncontrolled debt will eventually crash.
Why choose happiness as a subject for economic research? The answer is simple: mental and emotional well-being of citizens improves their performance and broadens the intellectual, physical and social resources of a nation.
Other Quotes:
A CEO’s performance is as good as the performance of his middle managers.
The role of government should shift from managing economic growth to socioeconomic development. American public policy should shift its focus from the standard of living to the quality of life and Material possessions to well-being.
