621 Quotes About Investing

The concept of a general equilibrium has no relevance to the real world (in other words, classical economics is an exercise in futility).

As I discovered, there is a great deal of similarity between a boom-bust process in the financial markets and the rise and fall of the Soviet system.

It is credit that matters, not money (in other words, monetarism is a false ideology).

When interest rates are low we have conditions for asset bubbles to develop, and they are developing at the moment. The ultimate asset bubble is gold.

Economics seeks to be a science. Science is supposed to be objective and it is difficult to be scientific when the subject matter, the participant in the economic process, lacks objectivity.

When you sell options, you get paid for assuming risk. That can be a profitable business, but it does not mix well with the risks inherent in a leveraged portfolio.

When money is free, the rational lender will keep on lending until there is no one else to lend to.

Whenever there is a conflict between universal principles and self-interest, self-interest is likely to prevail.

If we carry this line of argument to its logical conclusion, the meaning of life consists of the flaws in one's conceptions and what one does about them. Life can be seen as a fertile fallacy.