Kabir Bedi Quotes
I do believe that with more worldwide influences, the coming of the internet age and digital media, the flow of information is far greater, and people's understanding can expand more easily.
An economic bubble occurs when the investing public with little logic and facts to support it actions exhibits great enthusiasm and overvalues some kind of asset with the logic that the price is going up and someone later will pay more than I just did—sometimes called the “greater fool theory”. Historically Fama claims that there were no bubbles until there were media to whip up the irrational enthusiasm necessary for a bubble to take place. Capitalist history is full of bubbles ranging from real estate, to tulips; from silver to dot com shares. The damage is always great to the people at the end who are stuck with the object of the bubble which few people want any more. In the period before the bubble, lots of people make money contributing to the demand for the object of the bubble.
The day that most changed the course of history was
A startlingly bad prediction by a Nobel-prize winning economist particularly given it was stated in 1998 rather than a much earlier date when the potential of the Internet wasn’t already apparent. Ironically, the quote is from a Red Herring article he wrote titled “Why Most Economists’ Predictions Are Wrong” in which he asserts that most economists predictions are wrong because they overestimate the impact of future technologies. This quote is part of a longer, equally incorrect quote: “The growth of the Internet will slow drastically, as the flaw in ‘Metcalfe’s law' becomes apparent: most people have nothing to say to each other! By 2005, it will become clear that the Internet’s impact on the economy has been no greater than the fax machine’s.” See related quotes.
Kabir Bedi is an Indian film actor. His career has spanned three continents covering India, the United States and especially Italy among other European countries in three media: film, television and theatre. He is noted for his role as Emperor Shah Jahan in Taj Mahal: An Eternal Love Story and the villainous Sanjay Verma in the 1980s blockbuster Khoon Bhari Maang. He is best known in Italy and Europe for playing the pirate Sandokan in the popular Italian TV mini series and for his role as the villainous Gobinda in the 1983 James Bond film Octopussy. Kabir Bedi is based in India and lives in Mumbai.