Alan Greenspan Quotes, Successful Quotes, Coins Quotes

The probability of ten consecutive heads is 0.1 percent; thus, when you have millions of coin tossers, or investors, in the end there will be thousands of very successful practitioners of coin tossing, or stock picking.

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Tags : Alan Greenspan Quotes , Successful Quotes , Coins Quotes

By far the most significant event in finance during the past decade has been the extraordinary development and expansion of financial derivatives.

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Tags : Alan Greenspan Quotes , Past Quotes , Expansion Quotes

Cash is available and we should use that in larger amounts, as is necessary, to solve the problems of the stress of this.

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Tags : Alan Greenspan Quotes , Stress Quotes , Use Quotes

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

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Tags : Alan Greenspan Quotes , Realization Quotes , Starks Quotes

The very nature of finance is that it cannot be profitable unless it is significantly leveraged... and as long as there is debt, there can be failure and contagion.

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Tags : Alan Greenspan Quotes , Long Quotes , Debt Quotes

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

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Tags : Alan Greenspan Quotes , War Quotes , Oil Quotes

The recent evidence increasingly suggests that an economic expansion is already well under way, although an array of influences unique to this business cycle seems likely to moderate its speed.

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Tags : Alan Greenspan Quotes , Unique Quotes , Expansion Quotes

Anyone willing to do what is required to become president of the United States is thereby barred from taking that office. I'm only half joking

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Tags : Alan Greenspan Quotes , Office Quotes , President Quotes

In general, corruption tends to exist whenever governments have favors to extend, or something to sell.

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Tags : Alan Greenspan Quotes , Government Quotes , Favors Quotes

Revolutions are something you see only in retrospect.

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Tags : Alan Greenspan Quotes , Retrospect 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.

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Tags : Alan Greenspan Quotes , Gold Quotes , Dollars Quotes

Now, I only play very occasionally, and in fact, more piano than clarinet or sax.

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Tags : Alan Greenspan Quotes , Play Quotes , Piano Quotes

Look, I'm very much in favor of tax cuts, but not with borrowed money. And the problem that we've gotten into in recent years is spending programs with borrowed money, tax cuts with borrowed money, and at the end of the day that proves disastrous. And my view is I don't think we can play subtle policy here.

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Tags : Alan Greenspan Quotes , Cutting Quotes , Thinking 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.

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Tags : Alan Greenspan Quotes , Risk Quotes , Aftermath Quotes

It is decidedly not true that "nice guys finish last," as that highly original American baseball philosopher, Leo Durocher, was alleged to have said.

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Tags : Alan Greenspan Quotes , Life Quotes , Success Quotes

What an ideology is is a conceptual framework with the way people deal with reality. Everyone has one. You have to, to exist you need an ideology. The question is whether it is accurate or not.

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Tags : Alan Greenspan Quotes , Reality Quotes , People Quotes

This decade is strewn with examples of bright people who thought they built a better mousetrap that could consistently extract abnormal returns from the financial markets. Some succeed for a time. But while there may occasionally be mis-configurations among market prices that allow abnormal returns, they do not persist.

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Tags : Alan Greenspan Quotes , People Quotes , Abnormal Quotes

Well, you probably will always believe there should be laws against fraud, and I don't think there is any need for a law against fraud.

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Tags : Alan Greenspan Quotes , Believe Quotes , Thinking Quotes

Since I've become a central banker, I've learned to mumble with great incoherence. If I seem unduly clear to you, you must have misunderstood what I said.

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Tags : Alan Greenspan Quotes , Misunderstood Quotes , Bankers Quotes

As long as we issue fiat currency, I see no alternative to a legal tender law.

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Tags : Alan Greenspan Quotes , Money Quotes , Law Quotes