Financial Bubble Quotes

Quotes tagged as "financial-bubble" Showing 1-5 of 5
Yanis Varoufakis
“And yet it bewildered him that people truly believed capitalism to be about making things or providing services at a profit. He found it extraordinary how most people disliked speculators but thought of them as peripheral, as harmless bubbles on a steady stream of enterprise. They fail to recognize the very opposite is true, […] that enterprise long ago became a bubble on a whirlpool of speculation. That, in reality, workers, inventors and managers resemble driftwood buffeted hither and thither on a manic torrent of runaway finance.”
Yanis Varoufakis, Another Now: Dispatches from an Alternative Present

Robert J. Shiller
“The word bubble creates a mental picture of an expanding soap bubble, which is destined to pop suddenly and irrevocably. But speculative bubbles are not so easily ended; indeed, they may deflate somewhat, as the story changes, and then reflate.”
Robert J. Shiller, Irrational Exuberance

John Kenneth Galbraith
“Fools, as it has long been said, are indeed separated, soon or eventually, from their money. So, alas, are those who, responding to a general mood of optimism, are captured by a sense of their own financial acumen. Thus it has been for centuries; thus in the long future it will also be.”
John Kenneth Galbraith, A Short History of Financial Euphoria

John Kenneth Galbraith
“The recurrent and sadly erroneous belief that effortless enrichment is an entitlement associated with what is thought to be exceptional financial perspicacity and wisdom is not something that yields to legislative remedy.”
John Kenneth Galbraith, A Short History of Financial Euphoria

Lucas Bean
“Bubbles are speculation detached from utility.
AI already creates utility every day.”
Lucas Bean