Eugene Fama Quotes

The bubble, as investing phenomenon, has been well studied ever since the 17th-century tulip bulb frenzy. Its counterpart in bear markets is not well understood.

We are in a big, fat, ugly bubble. And we better be awfully careful.

The Internet bubble circa 2000 is the most extreme in modern capitalism. In the 1930s, we had the worst depression in 600 years. Today is almost as extreme in the opposite way.

In a bubble, eventually people start saying, 'Wait a minute... these prices are way too high! What is anyone buying anymore? What could they possibly be thinking?' And then there's a correction and a bursting.

Depression is the aftermath of credit expansion.

If you go into what I call a bubble boom, every bubble bursts.

I'm losing the definition now of politics. I sort of don't know what that is anymore. People say politically correct, I don't know what that means. I know what they think they mean.

All the risky things that were happening back in ’06 and ‘07 are back again to the same level, if not more. So we are in the beginning of a credit bubble, but just the beginning.

Bull markets go to people's heads. If you're a duck on a pond, and it's rising due to a downpour, you start going up in the world. But you think it's you, not the pond.

Credit expansion can bring about a temporary boom. But such a fictitious prosperity must end in a general depression of trade, a slump.

There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved.

If one is to deal with people on a large scale and say what one thinks, how can one avoid melancholy? I don’t admit to being hopeless, though: only the spectacle is a profoundly strange one; and as the current answers don’t do, one has to grope for a new one, and the process of discarding the old, when one is by no means certain what to put in their place, is a sad one.

I feel Icelandic people are really good at gathering together information and brain power. We're better at that than some kind of Las Vegas money gambling. I mean, I really admire the characteristics in Icelandics, this adventureism. We are famous for it. We are addicted to risk to the point of being foolhardy. And I think that is great in brain power stuff.

I don't think "Reganomics" will ever fully end. I mean, Reaganomics, to put it simply, was trying to get low taxes for wealthy people. And wealthy people are still there pushing for low taxes.

You know, I'm the President during this period of time, but I think when the history of this period is written, people will realize a lot of the decisions that were made on Wall Street took place over a decade or so, before I arrived in President, during I arrived in President.

I think sometimes people haven't really quite worked out how to peg me, or exactly what it is that I do. In that way, I feel lucky that I can get to play different things because they haven't quite decided what I am.

A true bubble is when something is overvalued and intensely believed.

Once again, I don’t quite know where I’m headed Steph. It seems that every few years I’m shoveling up the pieces of my life and starting from scratch all over. No matter what I do or how hard I try I can’t seem to reach the dizzy heights of happiness, success, and security, like so many people do. And I’m not talking about becoming a millionaire and living happily ever after. I just mean reaching a point in my life that I can stop what I’m doing, take a look around me, breathe a sigh of relief, and think “I’m where I want to be now.

Ronald Reagan was a great role model for Respublicans party, and I think for most people. But he was a fellow that the American public just intuitively loved so much, that he could always get credit.

Ratings experts say the best way to get people to watch during sweeps is to leave the audience with a question that won't be answered until the next time the show is on. You know, like Who shot J.R.? I like to think I do this every night - the question is, Is this show still on?

Predictions are preposterous. What usually happens is that people tell you that what they'd like to see happen instead of what they really think will happen. There are so many variations and possibilities that there's no way to ever really know for certain.

There are days when either filmmaking feels like an insurmountable practice - here's a lot of obstacles in the way to make it happen - or you think, "What does this all add up to?" You don't know what to do with the footage, and you've asked a lot of people for their time and a lot of people to be patient with you. And then you lose faith that you can actually make a worthwhile story out of this.

I think that people have great anger over what happened in 2008 in terms of the economy.

When you work with new people, I think that it throws all of the matters into relief, because you have to explain yourself every time. It's like crossing a new border. They want to see your documents.

During the Boom Years, it was so easy to lose sight of basic values. For example, there was lots of nonsense said and written about the so-called "New Economy." Some people said all economic laws have been overturned! Then all the problems developed. Corporations were heavily fined for illegalities. Many of their senior-level executives were indicted, convicted, and sent to prison.