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.
ALAN GREENSPANIf prices go down, we will have problems – problems in the sense of spillover to other areas.
More Alan Greenspan Quotes
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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.
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The process of innovation is, of course, never ending.
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If I seem unduly clear to you, you must have misunderstood what I said.
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To succeed, you will soon learn, as I did, the importance of a solid foundation in the basics of education – literacy, both verbal and numerical, and communication skills.
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This decade is strewn with examples of bright people who thought they built a better mousetrap that could consistently extract abnormal returns from the financial markets.
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Corruption, embezzlement, fraud, these are all characteristics which exist everywhere.
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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.
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The very nature of finance is that it cannot be profitable unless it is significantly leveraged… and as long as there is debt, there can be failure and contagion.
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Productivity is notoriously difficult to predict.
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I have long argued that paying down the national debt is beneficial for the economy.
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No one has ever eliminated any of that stuff.
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Senator, we are groping for understanding, the knowledge you assume I possess doesn’t exist’.
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If prices go down, we will have problems – problems in the sense of spillover to other areas.
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In an economy that already has lost some momentum, one must remain alert to the possibility that greater caution and weakening asset values in financial markets could signal or precipitate an excessive softening in household and business spending.
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Amateurs want to be right. Professionals want to make money.
ALAN GREENSPAN