Financial Markets Quotes - Page 2

• Today the financial market is no good, but the money is there.

  Jack Ma

  Today, Financial

  "Alibaba’s Jack Ma: Make Up Your Mind, Yahoo". Interview with Peter Kafka, allthingsd.com. October 19, 2011.

  6 Copy quote

  Show source

• I put forward a pretty general theory that financial markets are intrinsically unstable. That we really have a false picture when we think about markets tending towards equilibrium.

  George Soros

  Thinking, Financial, Unstable

  7 Copy quote

• Even in financial markets, the concept of market efficiency does not hold.

  Paul Ormerod

  Doe, Market Efficiency, Financial

  "The Death of Economics". Book by Paul Ormerod, 1994.

  4 Copy quote

  Show source

• Concerning our possibilities on the international financial markets, the sanctions are severely harming Russia. But the biggest harm is currently caused by the decline of the prices for energy. We suffer dangerous revenue losses in our export of oil and gas, which we can partly compensate for elsewhere. But the whole thing also has a positive side: if you earn so many petrodollars - as we once did - that you can buy anything abroad, this slows down developments in your own country.

  Vladimir Putin

  Country, Loss, Russia

  Source: www.businessinsider.com

  4 Copy quote

  Show source

• The process of globalization has now interconnected almost everything ranging from financial markets to transport networks to communication systems in a huge system that no one really understands.

  John L. Casti

  Communication, Financial, Globalization

  "What If Everything Went Straight to Hell?". Interview with Austin Allen, bigthink.com.

  4 Copy quote

  Show source

• One could imagine such technology outsmarting financial markets, out-inventing human researchers, out-manipulating human leaders, and developing weapons we cannot even understand.

  Stephen Hawking

  Technology, Leader, Weapons

  9 Copy quote

• The government can always rescue the markets or interfere with contract law whenever it deems convenient with little or no apparent cost. (Investors believe this now and, worse still, the government believes it as well. We are probably doomed to a lasting legacy of government tampering with financial markets and the economy, which is likely to create the mother of all moral hazards. The government is blissfully unaware of the wisdom of Friedrich Hayek: "The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.")

  Seth Klarman

  Mother, Believe, Men

  8 Copy quote

• Below, we itemize some of the quite different lessons investors seem to have learned as of late 2009 - false lessons, we believe. To not only learn but also effectively implement investment lessons requires a disciplined, often contrary, and long-term-oriented investment approach. It requires a resolute focus on risk aversion rather than maximizing immediate returns, as well as an understanding of history, a sense of financial market cycles, and, at times, extraordinary patience.

  Seth Klarman

  Believe, Long, Focus

  4 Copy quote

• It seems to me that at least as far as the financial markets are concerned, there is increasing evidence against rational expectations, even at the macro level.

  Kenneth Arrow

  Expectations, Levels, Financial

  Source: www.minneapolisfed.org

  4 Copy quote

  Show source

• The government - the ultimate short-term-oriented player - cannot withstand much pain in the economy or the financial markets. Bailouts and rescues are likely to occur, though not with sufficient predictability for investors to comfortably take advantage. The government will take enormous risks in such interventions, especially if the expenses can be conveniently deferred to the future. Some of the price-tag is in the form of back- stops and guarantees, whose cost is almost impossible to determine.

  Seth Klarman

  Pain, Player, Government

  8 Copy quote

• In certain circumstances, financial markets can affect the so-called fundamentals which they are supposed to reflect. When that happens, markets enter into a state of dynamic disequilibrium and behave quite differently from what would be considered normal by the theory of efficient markets. Such boom/bust sequences do not arise very often, but when they do, they can be very disruptive, exactly because they affect the fundamentals of the economy.

  George Soros

  Would Be, Fundamentals, Normal

  "Theory of Reflexivity". George Soros' speech at the MIT Department of Economics World Economy Laboratory Conference in Washington, D.C., www.valuewalk.com. April 26, 1994.

  16 Copy quote

  Show source

• But in the financial markets, without proper institutional rules, there's the law of the jungle - because there's greed! There's nothing wrong with greed, per se. It's not that people are more greedy now than they were 20 years ago. But greed has to be tempered, first, by fear of losses. So if you bail people out, there's less fear. And second, b prudential regulation and supervision to avoid certain excesses.

  Nouriel Roubini

  Loss, Years, Law

  4 Copy quote

• As value investors, our business is to buy bargains that financial market theory says do not exist. We've delivered great returns to our clients for a quarter century-a dollar invested at inception in our largest fund is now worth over 94 dollars, a 20% net compound return. We have achieved this not by incurring high risk as financial theory would suggest, but by deliberately avoiding or hedging the risks that we identified.

  Seth Klarman

  Risk, Return, Clients

  11 Copy quote

• Do not trust financial market risk models. Despite the predilection of some analysts to model the financial markets using sophisticated mathematics, the markets are governed by behavioral science, not physical science.

  Seth Klarman

  Risk, Financial, Sophisticated

  16 Copy quote

• As an anonymous participant in financial markets, I never had to weigh the social consequences of my actions ... I felt justified in ignoring them on the grounds that I was playing by the rules.

  George Soros

  Action, Financial, Justified

  George Soros (2007). “Open Society Reforming Global Capitalism Reconsidered”, p.139, PublicAffairs

  20 Copy quote

  Show source

• The generally accepted theory is that financial markets tend towards equilibrium, and...discount the future correctly. I operate using a different theory, according to which financial markets cannot possibly discount the future correctly because the do not merely discount the future; they help to shape it.

  George Soros

  Shapes, Different, Helping

  10 Copy quote

• I've said to [Donald Trump], and I think others have said to him that the day that he is the President of the United States, there are world capitals and financial markets and people all around the world who take really seriously what he says, and in a way that's just not true before you're actually sworn in as president.

  Barack Obama

  Thinking, People, President

  Source: abcnews.go.com

  4 Copy quote

  Show source

• History demonstrates that participants in financial markets are susceptible to waves of optimism. Excessive optimism shows the seeds of its own reversal in the form of imbalances that tend to grow over time.

  Alan Greenspan

  Optimism, Imbalance, Financial

  4 Copy quote

• It used to be said that when the U.S. sneezed, the world caught a cold. The opposite is equally true today. Our prosperity is linked inextricably to the maintenance of a strong world economy, an open international trading system, and stable global financial markets.

  Lawrence Summers

  Strong, Opposites, Maintenance

  "Sayonara to Summers". www.theglobalist.com. January 15, 2001.

  11 Copy quote

  Show source

• Significant changes in the growth rate of money supply, even small ones, impact the financial markets first. Then, they impact changes in the real economy, usually in six to nine months, but in a range of three to 18 months. Usually in about two years in the US, they correlate with changes in the rate of inflation or deflation."
  "The leads are long and variable, though the more inflation a society has experienced, history shows, the shorter the time lead will be between a change in money supply growth and the subsequent change in inflation.

  Milton Friedman

  Real, Years, Significant Change

  6 Copy quote

• It's important to recognize the vital role that the financial markets play in our economy and that so many of you are contributing to. To function effectively those markets and the men and women who shape them have to command trust and confidence, because we all rely on the market's transparency and integrity. So even if it may not be 100 percent true, if the perception is that somehow the game is rigged, that should be a problem for all of us, and we have to be willing to make that absolutely clear.

  Hillary Clinton

  Integrity, Men, Games

  Source: www.buzzfeed.com

  16 Copy quote

  Show source

• The principal linkages between Japan and the U.S. global economies are trade, financial markets, and commodity markets.

  Mark Zandi

  Japan, Financial, Commodity

  "Mark Zandi: No Global Impact From Japan". Interview with Lori Ann LaRocco, www.cnbc.com. March 17, 2011.

  4 Copy quote

  Show source

• Taming the financial markets and winning back democratic control over them is the central condition for creating a new social balance in Germany and Europe.

  Sigmar Gabriel

  Winning, Europe, Creating

  4 Copy quote

• One cannot see any world leader who has got a grip on the financial markets these days. They're too big, too fast. I think that's quite scary.

  Robert Harris

  Thinking, Leader, Scary

  4 Copy quote

• Countries are not like financial markets. Social change cannot be executed as swiftly as credit-default swaps. You cannot sell short on social commitments and practical responsibilities.

  George Papandreou

  Country, Commitment, Responsibility

  "Why We Must Unite Against The Unprincipled Speculators". www.businessinsider.com. March 8, 2010.

  4 Copy quote

  Show source