Eric Ries Quotes

The year 2008 was a reminder to those who had forgotten that there is such a thing as history and that the cycle of famine and feast in commerce, first identified in antiquity and well understood in the Middle Ages, was not suddenly abolished in modern times.

Remember that history always repeats itself. Every great bubble in history has broken. There are no exceptions.

… a pin lies in wait for every bubble. And when the two eventually meet, a new wave of investors learns some very old lessons..

I want the market to work if it can, and most of the time it will, but not without some pain.

The bull market, rising prices, earning lots of money, make it seem as if the good days will never end. When prices are falling and there is a recession, that also feels as though it will last for ever. Politics is the same. People simply can't imagine changing circumstances.

There has always been, and there always will be, an economic cycle.

Education is a bubble in a classic sense. To call something a bubble, it must be overpriced, and there must be an intense belief in it.

We had a booming stock market in 1929 and then went into the world's greatest depression. We have a booming stock market in 1999. Will the bubble somehow burst, and then we enter depression? Well, some things are not different.

Having spent 10 years studying emerging markets, I know that you have patterns repeated over and over again. A bubble is like a fire which needs oxygen to continue... when you see there is no oxygen, things change.

You have to remember a lot of business is very cyclical.

There will always be a business cycle, and white-collar workers will get hit in the next recession like they always do in recessions.

In falling markets, there is nothing that has not happened before. The bear or pessimist sees only the past, which imprisons the wretched financial soul in eternal circles of boom and bust and boom again.

It's a tough marketplace right now... It is very compressed... A turnaround is likely to happen quicker than before.

As you know, the business is cyclic with styles. It's no different from clothing styles.

Between 1857 and 1929, while regulators largely stood idle, the American economy swung through 19 national boom-and-bust gyrations that sometimes threatened to wipe out whole industries within months.

History is fickle. We know that. The good and bad come around and go around, and go around again. There are recessions and depressions and economic boom and bust.

Not every business cycle has a financial crisis. Frequently they do.

Up until the Depression, recession had a moral character: it was supposed to purge the body economic of the greed and excess that attends a business expansion.

All markets have boom and bust cycles, and I think venture capital market has even more exaggerated boom and bust cycles.

Booms are great while they last but they don’t last forever.

Financial markets have a tendency to go to excess.

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.

To be sure, booms and busts will come and go. But their severity can vary dramatically based on the policies in place to prevent them. With stronger regulations, neither the housing and derivatives bubbles nor the eventual crash would have been so bad.

Markets tend to always overshoot when they get really ebullient.

Business cycles in emerging markets behave differently from developed markets.