Quotes About Markets

The nature of markets, and that includes player acquisition markets, is such that sooner or later any set of successful formulae that provide an excess return above investment are discounted.

In equities, you price the risk. As far as debt is concerned, if the markets get more sophisticated where, for the levels of risks that you take, you get the debt returns, we will certainly look at it. It's back to a philosophy of risk-adjusted returns.

In the same way that some magazines have made financial markets accessible to people who don't want that much sophisticated information, we would like to make information about public issues accessible in a way that makes people feel included.

Farmers' markets are one of my favourite sources for Christmas goodies.

In the Bronx, you have the southern Italians; in Queens, the Greeks, Koreans and Chinese; in Brooklyn, the Jewish community; and in Harlem, the Hispanics - all with their own markets.

The left holds that because markets are stupid models should be smart; the right believes that because models are stupid markets should be smart. Alas, it never hit both sides that both markets and models are very stupid.

So I disagree with the followers of Marx and and those of Adam Smith: the reason free markets work is because they allow people to be lucky, thanks to aggressive trial and error, not by giving rewards or incentives for skill. The strategy is, then, to tinker as much as possible and try to collect as many Black Swan opportunities as you can.

The defender of the dogmas of modern finance and efficient markets started a fund that took advantage of market inefficiencies! It is as if the Pope converted to Islam.

Science isn't the sum of what scientists think, but exactly as with markets. Had science operated by majority consensus, we would be still stuck in the Middle Ages.

While the meetings included traders, that is, people who are judged on their numerical performance, it was mostly a forum for salespeople (people capable of charming customers), and the category of entertainers called Wall Street "economists" or "strategists," who make pronouncements on the fate of the markets, but do not engage in any form of risk taking, thus having their success dependent on rhetoric rather than actually testable facts.

the last fifty years, the ten most extreme days in the financial markets represent half the returns. Ten days in fifty years. Meanwhile, we are mired in chitchat.

Traders, when they make profits, have short communications; when they lose they drown you in details, theories, and charts.

the reason free markets work is because they allow people to be lucky, thanks to aggressive trial and error, not by giving rewards or "incentives" for skill.

There is one world in which I believe the habit of mistaking luck for skill is most prevalent—and most conspicuous—and that is the world of markets. By

In the last fifty years, the ten most extreme days in the financial markets represent half the returns.

The core principles of successful investing never change—and never will. In fact, when short-term data appear to be most challenging to core principles is exactly when those principles are most important and most needed. Sure the companies, markets, and economies come and go, but the core principles remain the same.

A Random Walk Down Wall Street.

Along with the fragmentation of markets is coming the fragmentation of marketing.

All forms of free boil down to variations of the same thing: shifting money around from product to product, person to person, between now and later, or into nonmonetary markets and back out again. Economists call these "cross-subsidies.

Those who slip into this illusion ignore the signs of impending disaster. The physical degradation of the planet, the cruelty of global capitalism, the looming oil crisis, the collapse of financial markets, and the danger of overpopulation rarely impinge to prick the illusions that warp our consciousness,.

I have said many times that it's a mistake to bet against the long-term health of the U.S. equity markets because it's a mistake to bet against the long-term health of the U.S. economy.

I think the good thing about World TeamTennis is different sized markets can have teams. We have a mix of markets and that's the beauty of World TeamTennis. We don't have to be only in the big market.

Markets as well as mobs respond to human emotions; markets as well as mobs can be inflamed to their own destruction.

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.