The unpredictable positive feedback effect of being first, achieving meteorically rapid scale makes picking winners hard.
The austerity path means cutting benefits and the central government picking winners and losers, Ryan said.
As Solyndra and other stimulus debacles confirm, governments are not good at picking winners.
Though the concept was discredited by 'picking winners' in the seventies, it is now growing in attractiveness.
There is yet a second reason why picking winners is not pure folly for the ordinary investor.
It appears that venture capitalists are a bit more adroit at picking winners and nurturing upstart companies.
It would do so without increasing the debt, picking winners and losers, creating a bureaucracy, delay, or corruption.
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Ideas and the people who had them became Rock's specialty, and he's had an uncanny talent for picking winners.
Picking winners and losers at this stage is a subjective, even partisan, exercise.
Cluster theory is neutral, rather than about picking winners, intervention, protection and subsidies.
Rather than picking winners, the LGP enables innovative companies to compete in the marketplace, allowing winners to emerge from competition.
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Picking winners is important, of course, but so, too, is appropriating your bankroll effectively to make the most of those opinions.
The debacle involving Schilling's company demonstrates why public entities should never be involved in picking winners and losers, several experts said.
Yet the abysmal performance of Magellan Fund in the interim is mute testimony to the impossibility of picking winners in advance.
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Picking winners and losers this way is likely to defeat any claims of rough justice and make passing the plan that much tougher.
He was talking about making Hollywood movies and the difficulty in picking winners, but he might easily have been talking about the stock market.
Many economists doubt the value of picking winners in this way.
The Administration think its better micromanage, Ryan said, like picking winners and losers through regulation, or crystallizing, rather than eliminating, Too Big To Fail with Dodd-Frank.
Second, far from picking winners and losers, Ex-Im loan guarantees simply ensure that the United States has a chance to have winners in the international market place.
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The bankruptcy of a favoured solar-cell manufacturer, Solyndra, was a reminder that governments have a poor record of picking winners in technology, whether green or any other colour.
Combs has experience picking winners in the financial sector.
But regulators have no business picking winners and losers.
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As Aaron says, it's difficult for small-business programs to identify businesses most likely to innovate or grow, and for good reason we may be reluctant to task policy makers with picking winners.
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Ironically, Pataki has emerged as an outspoken critic of current federal clean-tech policies, saying that the federal government should stop picking winners and losers and instead focus on policies that can benefit the entire industry.
They argue that we should not be extending credit at a time when we are broke, we should not be picking winners and losers, and that these sorts of transactions amount to crony capitalism and favor big businesses.
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Nobody is picking winners and losers.
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Government has a role in regulating, but its role shouldn't include picking the winners and losers.
Politically, Ohio is the most important because of its large endowment of electoral-college votes and its history of picking presidential winners.
And again, you have no way of picking the winners in advance.
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