Joseph Stiglitz Quotes

There is no safe haven in today's markets.

What's so seductive about the efficient markets hypothesis is that it applies nine years out of ten. A lot of the time it works. But when it stops working, you blow up.

When you're public, you're at the mercy of the markets. You can be doing extremely well, but if the markets are in the tank or your industry is in the tank, you don't get rewarded for it.

If your investing approach requires that you become Nostradamus to succeed, then you are destined to fail.

Financial crises are an unfortunate but necessary consequence of modern capitalism.

Investors don't like uncertainty.

Because of my own experience with market fluctuation, I recognize the great risks one takes on investments. This converts the Social Security safety net into a risky proposition many cannot afford to take.

I always found the appeal to the market gods a bit odd. Why would the market fix mistakes instead of aggravating them?

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.

Whatever you do needs to be sustainable over time, and taking the money in the short term and taking it in a bubble - like buying an Internet stock in 2000 - may not be sustainable.

Market risk is like taking a plunge into a cool pool ... a lot of people are finding out right now what their risk tolerance is.

Stock market risk is ok, but not for Social Security.

I put heavy weight on certainty. It's not risky to buy securities at a fraction of what they're worth.

It's important for you to understand that stock and bonds go up-and they go down. You need to be comfortable with that fact.

Risk managers and investment bankers and actually, all kinds of investors took on more risk than they expected. So there was a failure of risk management. There was a failure to recognize how much risk there was in some of these securities that people bought.

Anything can happen anytime in markets. And no advisor, economist, or TV commentator-and definitely not Charlie nor I-can tell you when chaos will occur. Market forecasters will fill your ear but will never fill your wallet.

I don't really like hedging. To me, if something needs to be hedged, you shouldn't have a position in it.

Markets shouldn't be moving in a straight line.

It's actually a pretty basic concept: when businesses feel secure and confident, they are more likely to grow, hire, and invest. Conversely, when the economy is unstable, businesses often become much more risk averse, and in many cases, they're forced to make undesirable cuts that affect their bottom line.

I've learned that all investments have risk.

Who would want one's children growing up buying things like bitcoin? I hope to God my family doesn't buy it. It's noxious poison.

When companies fail, shareholders bear the losses. It's just the way our system is supposed to work.

There may be less of a chance of losing all the money you put into a mutual fund than there is of losing all the money you put into lottery tickets, but you're never going to win big in a mutual fund.

Markets don't like instability, investors shy away from uncertainty, and consumer confidence goes down in difficult times.

At some point, there will be some other financial crisis. It's in the nature of a capitalist system.