Breakout Nations Quotes

“The old rule of forecasting was to make as many forecasts as possible and publicise the ones you got right. The new rule is to forecast so far in the future, no one will know you got it wrong.”
― Ruchir Sharma, Breakout Nations: In Pursuit of the Next Economic Miracles

“Most gurus and forecasters are willing to give people what they want: exotic reasons to believe that they are in with the smart crowd.”
― Ruchir Sharma, Breakout Nations: In Pursuit of the Next Economic Miracles

“the strongest corporate model is family owned but publicly traded and professionally managed.”
― Ruchir Sharma, Breakout Nations: In Pursuit of the Next Economic Miracles

“Після нестримного кредитування останнього десятиліття, якому завдячують підйомом усі країни, настає нова доба - доба помірного нерівномірного зростання з набагато більшими розривами у результатах діяльності між конкурентними економіками і ринками. Це непрості часи, але вони також і дуже справедливі в тому сенсі, що для кожної країни тепер немає глобального ходового вітру; це стосується і розвинутих країн, і тих, що розвиваються. Гребти тепер потрібно всім.”
― Ручір Шарма, Breakout Nations: In Pursuit of the Next Economic Miracles

“once an economic indicator gets too popular, it loses its predictive value.”
― Ruchir Sharma, Breakout Nations: In Pursuit of the Next Economic Miracles

“During the 1950s and 1960s the biggest emerging markets—China and India—were struggling to grow at all.”
― Ruchir Sharma, Breakout Nations: In Pursuit of the Next Economic Miracles

“Only four companies—Proctor & Gamble, General Electric, AT&T, and DuPont—have survived on the Dow Jones index of the top-thirty U.S. industrial stocks since the 1960s.”
― Ruchir Sharma, Breakout Nations: In Pursuit of the Next Economic Miracles

“In the first half of 2011 the difference between the best-performing and the worst-performing major stock markets in the emerging world was just 10 percent, an all-time low and a dangerous indicator of herd behavior.”
― Ruchir Sharma, Breakout Nations: In Pursuit of the Next Economic Miracles

“no one can forecast the next century with any credibility and, more important, be held accountable for it.”
― Ruchir Sharma, Breakout Nations: In Pursuit of the Next Economic Miracles

“The total amount of funds flowing into emerging-market stocks grew by 92 percent between 2000 and 2005, and by a staggering 478 percent between 2005 and 2010.”
― Ruchir Sharma, Breakout Nations: In Pursuit of the Next Economic Miracles

“the average length of time that American investors, both large and small, hold stocks has been falling for decades, from a peak of sixteen years in the mid-1960s to under four months today.”
― Ruchir Sharma, Breakout Nations: In Pursuit of the Next Economic Miracles

“In 1600 China accounted for more than one-fourth of global GDP, and India accounted for just under a fourth.”
― Ruchir Sharma, Breakout Nations: In Pursuit of the Next Economic Miracles

“The new rule is to forecast so far into the future that no one will know you got it wrong.”
― Ruchir Sharma, Breakout Nations: In Pursuit of the Next Economic Miracles

“THE OLD RULE OF FORECASTING was to make as many forecasts as possible and publicize the ones you got right.”
― Ruchir Sharma, Breakout Nations: In Pursuit of the Next Economic Miracles

“By the middle of the last decade it seemed that every man and his dog could raise money for emerging markets.”
― Ruchir Sharma, Breakout Nations: In Pursuit of the Next Economic Miracles

“Aldous Huxley put it, “To travel is to discover that everyone is wrong about other countries.”
― Ruchir Sharma, Breakout Nations: In Pursuit of the Next Economic Miracles