“Fear and euphoria are dominant forces, and fear is many multiples the size of euphoria. Bubbles go up very slowly as euphoria builds.”

Those of us who have looked to the self-interest of lending institutions to protect shareholders’ equity are in a state of shocked disbelief.

The probability of ten consecutive heads is 0.1 percent; thus, when you have millions of coin tossers, or investors, in the end there will be thousands of very successful practitioners of coin tossing, or stock picking.

Gold stands in the way of this insidious process. It stands as a protector of property rights.

I have long argued that paying down the national debt is beneficial for the economy.

Productivity is notoriously difficult to predict.

The economy is turning, and credit comes in with a lag, .. To the extent that a number of small firms are finding it difficult to get the credit they need at a price they can afford, that’s likely to change for the better.

Without calling the overall national issue a bubble, it’s pretty clear that it’s an unsustainable underlying pattern.

If we allow terrorism to undermine our freedom of action, we could reverse at least part of the palpable gains achieved by postwar globalization. It is incumbent upon us not to allow that to happen.

Crony capitalism is essentially a condition in which… public officials are giving favours to people in the private sector in payment of political favours.

There is no evidence that the business cycle has been repealed.

While local economies may experience significant price imbalances, a national severe price distortion seems most unlikely in the United States, given its size and diversity.

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.

I love to play tennis and golf, listen to music, watch baseball and root for the Redskins.

It is regrettably the way human nature functions, whether we like it or not. What successful economies do is keep it to a minimum.

The arts develop skills and habits of mind that are important for workers in the new economy of ideas.

Institutions of the newer participants in global finance had not been tested, until recently…recent crisis have underscored certain financial structure vulnerabilities that are not readily assuaged in the short run.

One of my biggest personal holdings is Rotana. That company has a very dominant force in the Middle East.

If there are dominant teams, people enjoy discussing whether that’s good or bad for the game.

And if there aren’t any dominant teams, then people enjoy discussing that.

When a company is able to establish a dominant market position, consumers lose meaningful choices.

You might not like that Facebook shares your political opinions with Politico, but are you really going to delete all the photos, all the posts, all the connections – the presence you’ve spent years establishing on the world’s dominant social network?

The monsoon is such a dominant part of Indian life that it is hard to overstate its importance.

When I was a girl, the West was still young, and the law of force, of physical force, was dominant.

Fear holds dominion over mortality Only because, seeing in land and sky So much the cause whereof no wise they know, Men think Divinities are working there.