180 Quotes by Naved Abdali

Activities of capital markets do not create or abolish money; governments do.

Excess liquidity is the leading source of all bubbles.

Bubbles feel like a party.

Markets are not efficient enough; that’s why we have market peaks and bottoms now and then.

Cash in your bank account is as safe as the creditworthiness of your banker. No more, no less.

People tend to weigh their most recent experiences more than the affairs of the past.

The discounted cash flow model of valuation is the most helpful tool for separating intrinsic and extrinsic values.

In a bubble, people are ready to pay any price without any regard to intrinsic value or any value whatsoever because they believe they can always sell it for a profit.

Some people claim that they predicted a downturn, but they forecast a downturn every day, and finally, one day, they are right. Even a broken clock is right twice a day.