It has been my experience that competency in mathematics, both in numerical manipulations and in understanding its conceptual foundations.
ALAN GREENSPANBy far the most significant event in finance during the past decade has been the extraordinary development and expansion of financial derivatives.
More Alan Greenspan Quotes
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History cannot be reduced to a set of statistics and probabilities.
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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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[Republicans] swapped principle for power. They ended up with neither. They deserved to lose.
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It keeps interest rates lower than they otherwise would be and frees savings to finance increases in the capital stock, thereby boosting productivity and real incomes.
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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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I think that real pressure is going to occur not by the initiation by the Federal Reserve, but by the markets themselves.
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…our market system depends critically on trust-trust in the word of our colleagues and trust in the word of those with whom we do business.
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Given our inevitably incomplete knowledge about key structural aspects of our ever-changing economy and the sometimes asymmetric costs or benefits of particular outcomes, a central bank.
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I was raising the question on the side with Governor Mullins of what would happen if the Treasury sold a little gold in this market.
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The gut-feel of the 55-year old trader is more important than the mathematical elegance of the 25-year old genius.
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Excessive optimism shows the seeds of its own reversal in the form of imbalances that tend to grow over time.
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By far the most significant event in finance during the past decade has been the extraordinary development and expansion of financial derivatives.
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I’ve always argued that this country has benefited immensely from the fact that we draw people from all over the world.
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Indeed, better risk management may be the only truly necessary element of success in banking.
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American and British authorities were also concerned about violence in an area that harbors a resource indispensable for the functioning of the word economy.
ALAN GREENSPAN