The gut-feel of the 55-year old trader is more important than the mathematical elegance of the 25-year old genius.
ALAN GREENSPANGold stands in the way of this insidious process. It stands as a protector of property rights.
More Alan Greenspan Quotes
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All taxes are a drag on economic growth. It’s only a question of degree.
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It has been my experience that competency in mathematics, both in numerical manipulations and in understanding its conceptual foundations.
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Well, you probably will always believe there should be laws against fraud, and I don’t think there is any need for a law against fraud.
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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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It is regrettably the way human nature functions, whether we like it or not. What successful economies do is keep it to a minimum.
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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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The need for values is inbred. Their content is not.
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Amateurs want to be right. Professionals want to make money.
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Enhances a person’s ability to handle the more ambiguous and qualitative relationships that dominate our day-to-day financial decision-making
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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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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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It is decidedly not true that “nice guys finish last,” as that highly original American baseball philosopher, Leo Durocher, was alleged to have said.
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Although the outlook is clouded by a number of uncertainties, the central tendencies of the projections .. imply continued good economic performance in the United States.
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If I say something which you understand fully in this regard, I probably made a mistake.
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No one has ever eliminated any of that stuff.
ALAN GREENSPAN