James P. Gorman Quotes

We live in an age of great jitteriness in the financial markets. And there's no doubt at all, I think, that the volume of computer-traded stocks has helped contribute to that.

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

On a given day, you can have market fluctuations where prices fluctuate far more than the underlying economic value of the unit.

Markets are unforgiving, and sometimes they move for reasons we can't possibly foresee.

Nothing ever surprises me about the market.

Reversion to the mean is the iron rule of the financial markets.

The markets don't like instability and they don't like uncertainty.

As long as there's political uncertainty around the energy space, stock prices will come down.

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

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

There is little room for complacency, and it is important to guard against sporadic volatility in financial markets.

As I have said before, the daily machinations of the stock market are like a tale told by an idiot, full of sound and fury, signifying nothing.

Listen to market strategists, and a word that comes up a lot these days is 'volatility.'

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.

One doesn't like instabilities in markets; they may be damaging, but probably not fatal, as the October '87 crash showed. It turned out to be essentially inconsequential. So if that's true, I'm not very worried about the welfare of those who are investing any more than I am about the welfare of those who go into casinos.

Nobody really knows what the market is going to do, but it sure looks like we are going to have a lot more volatility.

The market is always making mountains out of molehills and exaggerating ordinary vicissitudes into major setbacks.

Markets are constantly in a state of uncertainty and flux and money is made by discounting the obvious and betting on the unexpected.

If the markets had behaved badly, that would obviously add to people's sense of alarm... but there has been a lot of reassurance coming, particularly in the way the Brits handled all this. There seems to be no great fear that something like that is going to happen here.

Volatility may be rising simply because investors must digest more information every day.

We say, 'The market plummets,' like it's some roaring creature.

Traders can cause short-term volatility. In the long run, the market must revert to a sensible price/earnings multiple.

When the weather changes, nobody believes the laws of physics have changed. Similarly, I don't believe that when the stock market goes into terrible gyrations its rules have changed.

Anyone who says he is an expert in the market is lying to you. There is no such thing.

Every now and then, markets behave like schoolchildren. They overreact, they run around like crazy.