The statement suggests that there is a need for more consistency and uniformity across various industries rather than constant novelty or change. It implies that standardization can bring about stability and predictability, which are often valued over unpredictable innovation.
On a deeper level, this quote questions the value placed on continuous innovation in modern society. While innovation can drive progress and growth, it also introduces uncertainty and complexity. The speaker might argue that too much emphasis on new ideas and technologies can lead to inefficiencies and instability. By advocating for more standardization, Steve Eisman highlights the importance of maintaining established norms and practices which have proven effective over time. This perspective challenges the prevailing belief in our era that constant innovation is the sole path to success.
Steve Eisman is a well-known American investor and financial analyst who gained prominence through his role as one of the few Wall Street analysts predicting the 2008 financial crisis. His insights and warnings about excessive risk-taking and lack of regulatory oversight played a significant part in exposing the vulnerabilities within the banking system, leading to substantial reforms afterward.
