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  • Clearly, sustained low inflation implies less uncertainty about the future, and lower risk premiums imply higher prices of stocks and other earning assets. We can see that in the inverse relationship exhibited by price/earnings ratios and the rate of inflation in the past. But how do we know when irrational exuberance has unduly escalated asset values, which then become subject to unexpected and prolonged contractions as they have in Japan over the past decade?
  • 5 years ago



    Tags : Alan Greenspan Quotes , Past Quotes , Japan Quotes
  • Most people have learned to live in the moment. The argument goes that if the past has uncertain effect on the present, there is no need to dwell on the past. And if the present has little effect on the future, present actions need not be weighed for their consequence. Rather, each act is an island in time, to be judged on its own. ... It is a world of impulse. It is a world of sincerity. It is a world in which every word spoken speaks just to that moment, every glance given has only one meaning.
  • 5 years ago



    Tags : Alan Lightman Quotes , Learning Quotes , Past Quotes
  • A murmuring, fateful, giant voice, out of the earth and sky, Voice of a mighty dying tree in the Redwood forest dense.... [T]he wood-spirits came from their haunts of a thousand years, to join the refrain; But in my soul I plainly heard. Murmuring out of its myriad leaves, Down from its lofty top, rising two hundred feet high, Out of its stalwart trunk and limbs - out of its foot-thick bark, That chant of the seasons and time - chant, not of the past only, but of the future.
  • 5 years ago



    Tags : Walt Whitman Quotes , Past Quotes , Years Quotes
  • As I said just now, the world has gone past me. I don't blame it; but I no longer understand it. Tradesmen are not the same as they used to be, apprentices are not the same, business is not the same, business commodities are not the same. Seven-eighths of my stock is old-fashioned. I am an old-fashioned man in an old-fashioned shop, in a street that is not the same as I remember it. I have fallen behind the time, and am too old to catch it again.
  • 5 years ago



    Tags : Charles Dickens Quotes , Character Quotes , Past Quotes
  • If you've got a good enough business, if you have a monopoly newspaper, if you have a network television station - I'm talking of the past - you know, your idiot nephew could run it. And if you've got a really good business, it doesn't make any difference.
  • 5 years ago



    Tags : Warren Buffett Quotes , Running Quotes , Past Quotes
  • All human life is sunk deep in untruth; the individual cannot pull it out of this well without growing profoundly annoyed with his entire past, without finding his present motives (like honor) senseless, and without opposing scorn and disdain to the passions that urge one on to the future and to the happiness in it.
  • 5 years ago



    Tags : Friedrich Nietzsche Quotes , Passion Quotes , Past Quotes
  • And is not time even as love is, undivided and paceless? But if in you thought you must measure time into seasons, let each season encircle all the other seasons, And let today embrace the past with remembrance and the future with longing.
  • 5 years ago



    Tags : Khalil Gibran Quotes , Time Quotes , Past Quotes