Alan Greenspan Quotes, Long Quotes, Risk Quotes

No matter how skillful the trading scheme, over the long haul, abnormal returns are sustained only through abnormal exposure to risk.

6 years ago

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Tags : Alan Greenspan Quotes , Long Quotes , Risk Quotes

History cannot be reduced to a set of statistics and probabilities.

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The true measure of a career is to be able to be content, even proud, that you succeeded through your own endeavors without leaving a trail of casualties in your wake.

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Tags : Alan Greenspan Quotes , Happiness Quotes , Careers Quotes

Protectionism will do little to create jobs and if foreigners retaliate, we will surely lose jobs.

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Tags : Alan Greenspan Quotes , Jobs Quotes , Philosophy Quotes

The United States can pay any debt it has because we can always print money to do that. So there is zero probability of default.

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Tags : Alan Greenspan Quotes , Zero Quotes , United States Quotes

I was a good amateur but only an average professional. I soon realized that there was a limit to how far I could rise in the music business, so I left the band and enrolled at New York University.

6 years ago

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Tags : Alan Greenspan Quotes , Success Quotes , New York Quotes

Now, I only play very occasionally, and in fact, more piano than clarinet or sax.

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Tags : Alan Greenspan Quotes , Play Quotes , Piano Quotes

Since I've become a central banker, I've learned to mumble with great incoherence. If I seem unduly clear to you, you must have misunderstood what I said.

6 years ago

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Tags : Alan Greenspan Quotes , Misunderstood Quotes , Bankers Quotes

Deficit spending is simply a scheme for the 'hidden' confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights.

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Tags : Alan Greenspan Quotes , Money Quotes , Rights Quotes

If prices go down, we will have problems - problems in the sense of spillover to other areas.

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Tags : Alan Greenspan Quotes , Financial Quotes , Problem Quotes

Without the triggers, that tax cut is irreponsible fiscal policy. Eventually, I think that will be the consensus view.

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Tags : Alan Greenspan Quotes , Cutting Quotes , Thinking Quotes

The recent period has been marked by a transformation to an economy that is more productive as competitive forces become increasingly intense and new technologies raise the efficiency of our businesses...While these tendencies were no doubt in train in the "old," pre-1990s economy, they accelerated over the past decade as a number of technologies with their roots in the cumulative innovations of the past half-century began to yield dramatic economic returns.

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Tags : Alan Greenspan Quotes , Past Quotes , Technology Quotes

I have one other issue I'd like to throw on the table. I hesitate to do it, but let me tell you some of the issues that are involved here. If we are dealing with psychology, then the thermometers one uses to measure it have an effect. I was raising the question on the side with Governor Mullins of what would happen if the Treasury sold a little gold in this market. There's an interesting question here because if the gold price broke in that context, the thermometer would not be just a measuring tool. It would basically affect the underlying psychology.

6 years ago

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Tags : Alan Greenspan Quotes , Issues Quotes , Interesting Quotes

A decline in the national housing price level would need to be substantial to trigger a significant rise in foreclosures, because the vast majority of homeowners have built up substantial equity in their homes despite large mortgage-market financed withdrawals of home equity in recent years.

6 years ago

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Tags : Alan Greenspan Quotes , Home Quotes , Years Quotes

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.

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We need, in effect, to make the phantom 'lock-boxes' around the trust fund real.

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Tags : Alan Greenspan Quotes , Real Quotes , Needs Quotes

It's a bubble. It has to have intrinsic value. You have to really stretch your imagination to infer what the intrinsic value of Bitcoin is. I haven't been able to do it. Maybe somebody else can.

6 years ago

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Tags : Alan Greenspan Quotes , Imagination Quotes , Able Quotes

At the risk of some oversimplification, if the skill composition of our work force meshed fully with the needs of our increasingly complex capital-stock, wage-skill differentials would be stable, and the percentage changes in wage rates would be the same for all job grades.

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Tags : Alan Greenspan Quotes , Jobs Quotes , Skills Quotes

It seems superfluous to constrain trading in some of the newer derivatives and other innovative financial contracts of the past decade. The worst have failed; investors no longer fund them and are not likely to in the future.

6 years ago

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Tags : Alan Greenspan Quotes , Business Quotes , Past Quotes

People dont realize that we cannot forecast the future. What we can do is have probabilities of what causes what, but thats as far as we go. And Ive had a very successful career as a forecaster, starting in 1948 forward. The number of mistakes I have made are just awesome. There is no number large enough to account for that.

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Tags : Alan Greenspan Quotes , Mistake Quotes , Successful Quotes