Soren Skou Quotes

Of course, economic forecasts must be revised when new information arrives and are thus necessarily provisional.

The substantial uncertainty about the path of asset price movements going forward necessarily reduces the case for altering policy in advance of the move.

Predicting oil prices is anyone's guess.

What's both fascinating and challenging about investing is that the changing nature of business and finance means you can never have it all figured out.

When you have a perfect free market, it's difficult to predict the future. But when you have a market that is disturbed by government manipulations and money-printing, it's impossible to make any predictions.

It doesn't take Warren Buffett to realize that when companies don't know what new rules will look like, it affects their ability to commit capital and create new jobs.

In crude oil trading, we have seen a 46 percent increase over 1 year in the margins there.

No one can forecast the economy with certainty.

Investors don't like uncertainty.

Gold and silver are no doubt subject to fluctuations, from the discovery of new and more abundant mines; but such discoveries are rare, and their effects, though powerful, are limited to periods of comparatively short duration.

The global financial crisis - missed by most analysts - shows that most forecasters are poor at pricing in economic/financial risks, let alone geopolitical ones.

If all you needed to do is to figure out what company is better than others, everyone would make a lot of money. But that is not the case. They keep raising the prices to the point when the odds change.

I think that the first thing is you should have a strategic asset allocation mix that assumes that you don't know what the future is going to hold.

Uncertainty about sales impedes business planning and could harm capital formation just as much as uncertainty about inflation can create uncertainty about relative prices and harm business planning.

Markets love volatility.

The nature of the global business environment guarantees that no matter how hard we work to create a stable and healthy organisation, our organisation will continue to experience dramatic changes far beyond our control.

The one thing about markets is that they do not give any advance notice. If they did, they would be arbitraged away.

Economists set themselves too easy, too useless a task if in tempestuous seasons they can only tell us that when the storm is long past the ocean is flat again.

There are two kinds of economists in the world. Those who don't know the future and those who don't know that they don't know the future.

All market response results from a reduction of uncertainty.

I can never predict what the markets will do. Sometimes it does the exact opposite of what I would have expected.

Aggression at a time when the economy was growing at substantial rates and the retail lending as an industry was growing at a substantial rate was an appropriate aggression. Caution at a time when the economic environment is so uncertain is an appropriate caution.

The future path of the federal funds rate is necessarily uncertain because economic activity and inflation will likely evolve in unexpected ways. For example, no one can be certain about the pace at which economic headwinds will fade. More generally, the economy will inevitably be buffeted by shocks that cannot be foreseen.

I believe, in the stock market - that's one of my fields - that most people are irrational. And to be irrational, you can be irrational in so many different ways that, practically, the result is indeterminate.

If I've learned anything as an economic analyst, it is that the stock market and economic winds can shift by the hour.