It is a reasonable intellectual exercise to theorise but it is necessary at times to calibrate such theories to the real world.

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The hardest intellectual exercise will be settling on how much is enough.

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Although it is a stimulating intellectual exercise to imagine the inherent risks to any company, true disasters are rarely predicted ahead of time.

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My friend and former Morgan Stanley colleague, Byron Wien, now at Blackstone Group (BX), initiated this concept a few decades ago, which I always find a useful intellectual exercise.

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"This case is about whether the league can exercise intellectual property rights however it chooses, " says Ganis.

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They instilled a love of learning and the confidence to exercise his intellectual muscles.

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It was not an act of martyrdom, or of arrogance or self-delusion, but, rather, an exercise in intellectual consistency.

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But this new house was like an intellectual and a creative exercise.

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Make no mistake: Digging for those answers is a grueling exercise--one that takes serious intellectual and emotional honesty.

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