Quotes About Speculation

In the stock market the more elaborate and abstruse the mathematics the more uncertain and speculative the conclusion we draw therefrom….

It is ludicrous to believe that asset bubbles can only be recognized in hindsight," he wrote. "There are specific identifiers that are entirely recognizable during the bubble's inflation.

The very first day, we said, 'There's going to come a time when we're going to make a fortune shorting this stuff. It's going to blow up. We just don't know how or when.

Charles Kindleberger's 1978 classic, Manias, Panics, and Crashes.

After Volcker's speech, bonds became objects of speculation, a means of creating wealth rather than merely storing it. Overnight the bond market was transformed from a backwater into a casino.

Whatever that guy is buying, I want to short it.

The options market also tended to presuppose that the distant future would look more like the present than it usually did.

They were combing the markets for bets whose true odds were 10:1, priced as if the odds were 100:1.

A new trader could leap into a market and trade frantically inside it without adding anything of value to it.

As the U.S. stock market had grown less comprehensible, it had also become more sensationally erratic.

I cannot justify my actions. Roldero had said that men must be judged by their deeds, not their motives. I offer such speculation only n the hope that by understanding our motives we may thus control our deeds.

The bubble logic driving tulipomania has since acquired a name: "the greater fool theory." Although by any conventional measure it is folly to pay thousands for a tulip bulb (or for that matter an Internet stock), as long as there is an even greater fool out there willing to pay even more, doing so is the most logical thing in the world.

As the bull market goes on, people who take great risks achieve great rewards, seemingly without punishment. It's like crime without punishment or sex without sin.

I know that Oswald killed Kennedy. Now, was he pushed? Encouraged to do it by outsiders? Possibly. Possibly. Was he sitting down with Fidel Castro? No.

I will not discuss future hypothetical situations.

I love stories about artificial intelligence, and post-humanity, so I'm thinking along those lines.

These are all just informed guesses.

we can't see even into the Oort cloud, so we don't actually know that it is there. Its existence is probable but entirely hypothetical.1 About

So the first dinosaur bone ever found was also the first to be lost.

At all events, rather less is known about Lucy than is generally supposed. It isn't even actually known that she was a female.

Do Magic's Lakers win five titles with Jordan before Jordan thriving in Denver and Walton's feet holding up in Portland? I'm going out on a limb and saying no. What a shame.

The best proof of extraterrestrial intelligence is that they haven't contacted us.

what-iffing.

Speculation is necessary in business, but in affairs of the heart, it often leads to poor judgement.