Christine Lagarde Quotes

A second reason why science cannot replace judgement is the behavior of financial markets.

Let's take a timeout. Let's allow investors the opportunity in a period of market calm to re-examine what's happened and to deploy new strategies into the marketplace.

The best investments are the easiest ones to approve.

Provided someone can persuade me, I will invest in anything.

If stocks are attractive and you don't buy, you don't just look like an idiot, you are an idiot.

When it comes to investments, I have to go to someone else to understand them, but then I have to make a judgment. I can't do that if I don't have a basic understanding myself.

It's no secret that big institutional investors have a lot of advantages on Wall Street. They get the first chance to buy hot initial public offerings. They get to meet in person with companies' managements.

Your initial instincts about investments and people are usually correct. We do a lot of due diligence in this business and most of the time it comes out where we started.

I think the value of venues like CNBC is that they give investors an opportunity to reevaluate the situation minute by minute, but maybe we don't need to follow the market so closely.

It's one of the most important things at the end of the day, being able to say no to an investment.

Investors are always biased to invest in things they themselves understand. So venture capitalists like Uber because they like driving in black town cars. They don't like Airbnb because they like staying in five-star hotels, not sleeping on people's couches.

Whether a tops-down or bottoms-up investor in bonds, stocks, or private equity, the standard analysis tends to judge an investor or his firm on the basis of how the bullish or bearish aspects of the cycle were managed.

Guys like me on the investor side are a dime a dozen.

What turned me on then, and turns me on even today - and when the time comes from me to retire from management I think I'd still be interested in it - is that everything that happens in the world affects the price of securities.

I don’t know why the Stock Market does what it does.

All market response results from a reduction of uncertainty.

Traditionally, we think that people with ideas are innovators - that Silicon Valley is the world of ideas. But within the hedge-fund world, they believe that they are men of ideas - that the trade is unto itself one of ideas.

My investment advice is rooted in my understanding of economics.

The way deals are done, every idea is looked at 50 different ways. Now, the market continues to change all the time. And we are always looking at everything in evaluating how it fits with our strategy.

Remember that banks aren't markets. The market is amoral. The market doesn't care who you are. You're a trade to the market. The market will sell you if they think you're riskier.

Trust me: I know a good investment when I see one.

As an investor, I'm always scouting for new trends.

Entire populations of market strategists, fund managers, and economists are employed to try and intuit for clients which securities to bet on for the best possible return each year - or quarter.

If you can be sure of being right only 55 percent of the time, you can go down to Wall Street and make a million dollars a day. If you can't be sure of being right even 55 percent of the time, why should you tell other people they are wrong?

The investment game is getting more and more competitive.