Soren Skou Quotes

Never make predictions, especially about the future.

You know, oil prices from 2007, on the strength of a very robust global economy and a very robust emerging China, many of you will recall, ramped up to near $150 a barrel. Then we had the financial - U.S. financial collapse. Oil prices collapsed all the way down to $40 a barrel.

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

If global oil prices or commodity prices are high, then it is bound to create inflation. So, we should not be too worried if the inflation is created by global commodity prices. When they come down, inflation will automatically come down.

I don't think anyone can speculate what will happen with respect to oil prices and gas prices because they are set on the global economy.

Betting on the success of innovative technologies in the marketplace can carry all the uncertainty and risk that betting on the next card in the deck does at a blackjack table in Las Vegas. There is a factor of randomness that must be factored in, but precisely how to do so is anyone's guess.

With such enormous bucks devoted to trading in oil and other commodities, the distortions that they cause have been exacerbated.

Betting that markets will be 'volatile' is like betting the weather will be partly cloudy. It's a smart-sounding strategy that doesn't mean much.

The significant collapse of oil prices shows that it was previously way too high.

Nobody can see into the future. Nobody knows what going to go on.

I've never been able to predict the future of anything.

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.

History shows us that people are terrible about guessing what is going to happen - next week, next month, and especially next year.

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

It is important for investors to understand what they do and don't know. Learn to recognize that you cannot possibly know what is going to happen in the future, and any investment plan that is dependent on accurately forecasting where markets will be next year is doomed to failure.

We do not know enough about how the present will lead into the future.

Obviously, no one knows when the market is going to bottom out, and I am certainly not an economist.

You mustn't take what I say as gospel because no one can second-guess the future.

The rule on staying alive as a forecaster is to give 'em a number or give 'em a date, but never give 'em both at once.

Prophecy is what we all have to go by now.

I try not to get involved in the business of prediction. It's a quick way to look like an idiot.

I caught hold of the great bull market in soybeans in 1977. I had no idea what I was doing, incidentally.

He who lives by the crystal ball will eat shattered glass.

I figure lots of predictions is best. People will forget the ones I get wrong and marvel over the rest.

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