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Highlights

The trick for individuals, and for larger entities, is to understand that malaise can be the worse fate. Crises often force change. Tolerable underperformance is, or can be, for keeps. (View Highlight)

Things would need to get worse to get better (View Highlight)

No one wants to read a book called La France doit s’améliorer un peu. (View Highlight)

There is no guarantee that a place will submit to change if its troubles go from chronic to acute (see Argentina) (View Highlight)

I have come to suspect that almost no one suffers the fabled midlife crisis. What happens at that age is a malaise. It is a difficult rut to get out of because things are more or less OK in there. With more cash and confidence on hand than in one’s youth, there is no express reason to make the ruptures — professional, romantic — that might lead to something better. The midlifer almost needs a catalysing shock (View Highlight)