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Excessive optimism sows the seeds of its own reversal.

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Excessive Optimism Retrospect Something

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Marilyn Monroe Paulo Coelho Abraham Lincoln C. S. Lewis Khalil Gibran Charlie Chaplin Gautama Buddha Isaac Newton

And whatever their publicized angst over Saddam Hussein’s ‘weapons of mass destruction.
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Destruction Mass Over Publicize Weapon Whatever
No matter how skillful the trading scheme, over the long haul, abnormal returns are sustained only through abnormal exposure to risk.
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Abnormal Exposure Haul Long Matter No Return Scheme Skillful Sustain Trade
Recent episodes in which Fed officials hinted at a shift toward higher interest rates have unleashed significant volatility in markets.
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Episode Higher Interest Market Official Rate Recent Toward Unleash Volatility
The current financial crisis in the US is likely to be judged in retrospect as the most wrenching since the end of the Second World War.
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Country Crise Current End Financial Most Retrospect Since War Wrench
Any informed borrower is simply less vulnerable to fraud and abuse.
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Abuse Borrower Fraud Inform Less Simply Vulnerable
I’m always amazed that my wife can handle different subjects – one day politics, the next day foreign policy.
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We may be in a rapidly evolving international financial system with all the bells and whistles of the so-called new economy. But the old-economy rules of prudence are as formidable as ever. We violate them at our own peril.
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Bell Call Economy Evolve Financial International Rapid System Whistle
They seem to sense… that gold and economic freedom are inseparable.
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Economic Freedom Gold Inseparable See Sense
I am saddened that it is politically inconvenient to acknowledge what everyone knows: the Iraq war is largely about oil.
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Acknowledge Country Inconvenient Large Saddened
An almost hysterical antagonism toward the gold standard is one issue which unites statists of all persuasions.
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Almost Antagonism Gold Issue Persuasion Standard Towards Unite
Then fear hits, and it comes down very sharply. When I started to look at that.
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Come Down Fear Hit Look Sharply Start That
In the process we have created [a] privileged elite whose incomes are being supported at non-competitively high levels by immigration quotas on skilled professionals.
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Crony capitalism is essentially a condition in which… public officials are giving favours to people in the private sector in payment of political favours.
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Skilled shortages in America exist because we are shielding our skilled labor force from world competition. [Visa quotas] have been substituted for the wage pricing mechanism.
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Was sort of intellectually shocked. Contagion is the critical phenomenon which causes the thing to fall apart.
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Apart Contagion Critical Fall Intellectual Phenomenon Shock Sort
Excessive optimism shows the seeds of its own reversal in the form of imbalances that tend to grow over time.
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Excessive Grow Over Own Reversal Seed Show Time

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