Kenneth Arrow Quotes

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.

I think the stock market is a very dangerous place to be at the present time. In fact, the stock market today is almost identical to where it was in October 2007 and then there was a $7 trillion crash and before that in March 2000.

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.

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.

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.

There is no safe haven in today's markets.

A financial crisis is a great time for professional investors and a horrible time for average ones.

Markets love volatility.

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

Markets shouldn't be moving in a straight line.

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

Unfortunately, slow and steady in any financial market is actually impossible.

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

Confusing speculation with investment is always a mistake.

If you roll dice, you know that the odds are one in six that the dice will come up on a particular side. So you can calculate the risk. But, in the stock market, such computations are bull - you don't even know how many sides the dice have!

In the financial markets, hindsight is forever 20/20, but foresight is legally blind. And thus, for most investors, market timing is a practical and emotional impossibility.

If it is hard to imagine that 20% of losses on the stock market, you should never participate

He that cannot abide a bad market, deserves not a good one

Markets can remain irrational longer than you can remain solvent.

People who invest make money for themselves; people who speculate make money for their brokers. And that, in turn, is why Wall Street perennially downplays the durable virtues of investing and hypes the gaudy appeal of speculation.

You could lose hundreds or thousands one day on paper and gain it all back the next, and it has literally no effect on your immediate future, provided the money you have in the market is money you're investing for the long haul (meaning at least three to five years).

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

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.

As blue chips turn into penny stocks, Wall Street seems less like a symbol of America's macho capitalism and more like that famous Jane Austen character Mrs. Bennet, a flibbertigibbet always anxious about getting richer and her 'poor nerves.'

When you have risk aversion in Japan, the normal day-to-day outflows that happen in a normal market environment slow down.