Alan Greenspan Quotes, Long Quotes, Risk Quotes

No matter how skillful the trading scheme, over the long haul, abnormal returns are sustained only through abnormal exposure to risk.

4 years ago

Message Copied

Tags : Alan Greenspan Quotes , Long Quotes , Risk Quotes

Regulators have not been able to achieve the level of future clarity required to act pre-emptively. The problem is not lack of regulation but unrealistic expectations. What we confront in reality is uncertainty, some of it frighteningly so...

4 years ago

Message Copied

Tags : Alan Greenspan Quotes , Ignorance Quotes , Reality Quotes

Gold still represents the ultimate form of payment in the world. Fiat money in extremis is accepted by nobody. Gold is always accepted.

4 years ago

Message Copied

Tags : Alan Greenspan Quotes , Gold Quotes , World Quotes

Improvements in lending practices driven by information technology have enabled lenders to reach out to households with previously unrecognized borrowing capacities.

4 years ago

Message Copied

Tags : Alan Greenspan Quotes , Technology Quotes , Practice Quotes

I am saddened that it is politically inconvenient to acknowledge what everyone knows: the Iraq war is largely about oil.

4 years ago

Message Copied

Tags : Alan Greenspan Quotes , War Quotes , Oil Quotes

But how do we know when irrational exuberance has unduly escalated asset values, which then become subject to unexpected and prolonged contractions as they have in Japan over the past decade?

4 years ago

Message Copied

Tags : Alan Greenspan Quotes , Past Quotes , Japan Quotes

I came to a stark realization: chronic surpluses could be almost as destabilizing as chronic deficits.

4 years ago

Message Copied

Tags : Alan Greenspan Quotes , Realization Quotes , Starks Quotes

Deficit spending is simply a scheme for the 'hidden' confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights.

4 years ago

Message Copied

Tags : Alan Greenspan Quotes , Money Quotes , Rights Quotes

Skilled shortages in America exist because we are shielding our skilled labor force from world competition. [Visa quotas] have been substituted for the wage pricing mechanism. In the process we have created [a] privileged elite whose incomes are being supported at non-competitively high levels by immigration quotas on skilled professionals. Eliminating such restrictions would reduce at least some of the income inequality.

4 years ago

Message Copied

Tags : Alan Greenspan Quotes , America Quotes , Labor Force Quotes

The guiding purpose of the government regulator is to prevent rather than to create something.

4 years ago

Message Copied

Tags : Alan Greenspan Quotes , Government Quotes , Purpose Quotes

We may be in a rapidly evolving international financial system with all the bells and whistles of the so-called new economy. But the old-economy rules of prudence are as formidable as ever. We violate them at our own peril.

4 years ago

Message Copied

Tags : Alan Greenspan Quotes , Bells Quotes , May Quotes

Any onset of increased investor caution elevates risk premiums and, as a consequence, lowers asset values and promotes the liquidation of the debt that supported higher asset prices, ... This is the reason that history has not dealt kindly with the aftermath of protracted periods of low risk premiums.

4 years ago

Message Copied

Tags : Alan Greenspan Quotes , Risk Quotes , Aftermath Quotes

The number one problem in today's generation and economy is the lack of financial literacy.

4 years ago

Message Copied

Tags : Alan Greenspan Quotes , Numbers Quotes , Generations Quotes

In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value.

4 years ago

Message Copied

Tags : Alan Greenspan Quotes , Safety Quotes , Gold Quotes

To succeed, you will soon learn, as I did, the importance of a solid foundation in the basics of education - literacy, both verbal and numerical, and communication skills.

4 years ago

Message Copied

Tags : Alan Greenspan Quotes , Success Quotes , Education Quotes

I'm not denying that monopolies are terrible things, but I am denying that it is readily easy to resolve them through legislation of that nature.

4 years ago

Message Copied

Tags : Alan Greenspan Quotes , Easy Quotes , Legislation Quotes

I guess I should warn you, if I turn out to be particularly clear, you've probably misunderstood what I've said.

4 years ago

Message Copied

Tags : Alan Greenspan Quotes , Misunderstood Quotes , Investing Quotes

Stripped of its academic jargon, the welfare state is nothing more than a mechanism by which governments confiscate the wealth of the productive members of a society to support a wide variety of welfare schemes.

4 years ago

Message Copied

Tags : Alan Greenspan Quotes , Government Quotes , Support Quotes

Remember what we're looking at. Gold is a currency. It is still, by all evidence, a premier currency, that no fiat currency, including the dollar, can match.

4 years ago

Message Copied

Tags : Alan Greenspan Quotes , Gold Quotes , Dollars Quotes

The tub helps me relax, and it's a great place to read.

4 years ago

Message Copied

Tags : Alan Greenspan Quotes , Relax Quotes , Tubs Quotes