Economist Quotes

Well-roundedness comes not from sitting in a classroom but from experiencing the larger world.
When the FDA forces an old drug off the market, patients have very little say in the matter. Patients have even less of a say when the FDA chooses not to approve a new drug. Instead, we are supposed to rely on the FDA's judgment and be grateful. But can the FDA really make a choice that is appropriate for everyone? Of course not.
Writing on the blog, you want to get attention and make strong claims. In academic work, that often doesn't pay, so sometimes it's a little bit difficult going back and forth to navigate these differences.
Cancer is the great equalizer. Everyone is affected by it either themselves or through loved ones.
During periods of extreme fear or greed, you don't have the proper balance between those two to generate market efficiency and you get extremes in behavior.
Financial crises are an unfortunate but necessary consequence of modern capitalism.
Great investors need to have the right combination of intuition, business sense and investment talent.
I don't entirely reject the idea of efficient markets. It needs updating.
Ideas percolate. Through natural selection, the best ones survive.
If troubled companies want to explain away 2008 as a 'black swan,' then someone should take responsibility for creating the oil slick that seems to have tarred the entire flock!
If you rank the top 50 one-day moves in the S&P 500, a fair number of those happened within the last five or 10 years. That tells you that we're in a different, riskier market now.
It's important to understand how people perceive risk, and how that translates into investment behavior.
Many of us like to think of financial economics as a science, but complex events like the financial crisis suggest that this conceit may be more wishful thinking than reality.
Maybe we should teach schoolchildren probability theory and investment risk management.
More and more investors may be coming into markets everywhere but that doesn't mean that the markets are really getting more and more efficient, even in the United States. It does mean that there is more access for savvy investors who watch the money flows.
Most people are overconfident about their own abilities. That is probably a good thing. But we would be horrified if a physician's aide engaged in heart surgery.
My mother died of lung cancer last year. I felt helpless. As an economist, I thought, 'What can I do?'
Some people might say, 'Can we afford it?' I think that's asking the wrong question... We should instead be asking, 'Can we really afford not to try?'
The adaptive markets hypothesis says that all economic institutions, like our own species, develop and change over time, depending on the population of investors that are engaged with them.
The United States has the most sophisticated financial markets in the world, which does not leave much room to maneuver. But it also offers investors the greatest access to information and the ability to execute trades quickly and efficiently. So it is a mixed bag of opportunity.
«first‹previous105106107108109110111112113114115next›last»
Total Records : 2787

Related Books

Share to your friends..

Popular Topics

Attitude Death Inspirational Life Love Motivational Nature Positive