History cannot be reduced to a set of statistics and probabilities.
ALAN GREENSPANThe worst have failed; investors no longer fund them and are not likely to in the future.
More Alan Greenspan Quotes
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Developing protectionism regarding trade and our reluctance to place fiscal policy on a more sustainable path are threatening what may well be our most valued policy asset.
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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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But material success is possible in this world and far more satisfying when it comes without exploiting others.
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Fear and euphoria are dominant forces, and fear is many multiples the size of euphoria. Bubbles go up very slowly as euphoria builds.
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The free lunch has still to be invented.
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I am saddened that it is politically inconvenient to acknowledge what everyone knows: the Iraq war is largely about oil.
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American consumers might benefit if lenders provided greater mortgage product alternatives to the traditional fixed-rate mortgage.
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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.
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The use of a growing array of derivatives and the related application of more-sophisticated approaches to measuring and managing risk are key factors underpinning the greater resilience of our largest financial institutions…
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The problem is not lack of regulation but unrealistic expectations. What we confront in reality is uncertainty, some of it frighteningly so…
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If I seem unduly clear to you, you must have misunderstood what I said.
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I am saddened that it is politically inconvenient to acknowledge what everyone knows: the Iraq war is largely about oil.
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We can guarantee cash benefits as far out and at whatever size you like, but we cannot guarantee their purchasing power.
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In general, corruption tends to exist whenever governments have favors to extend, or something to sell.
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Regulation of derivatives transactions that are privately negotiated by professionals is unnecessary.
ALAN GREENSPAN