Paul Singer Quotes

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.

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.

The stock market crash in October 1929 didn't destroy a particularly large amount of wealth or make people highly pessimistic. Rather, it made companies and consumers very unsure about future income, and so led them to stop spending as they waited for more information.

I don't know if we're on the edge of the precipice, but we're in a very, very, very difficult situation.

We have some worse scenarios for which we need to prepare as companies. For the moment, we're planning for the worst, and the worst is now, and the car market is down more than 15 percent in France. There is so much uncertainty.

As discomfiting as it is to both market optimists and policy activists, a certain amount of instability is inherent to the economy.

Uncertainty is killing this economy.

Obama's economic policies obviously have not worked, and have left the American market place with enormous uncertainty and anxiety.

What we know about the global financial crisis is that we don't know very much.

The market is incredibly inefficient and capable on rare occasions of being utterly dysfunctional. And people have a really hard time getting their brain around that fact. They want to believe that it's approximately efficient almost all the time, and it simply isn't true.

Everyone would like the world always to be in bubble times. But that doesn't happen.

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

In nine companies out of ten the factor of fluctuation has been a more dominant and important consideration in the matter of investment than has the factor of long-term growth or decline

People are, you know, a little - they're still uncertain, and they're uncertain both because they don't know what might come next in terms of regulations, but they're also uncertain because of changes in a global economy that we're only beginning to take hold of.

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 dark comes before dawn. The financial markets are under great pressure because of the lack of leadership during the transition period.

The rich man's sons inherits cares; The bank may break, the factory burn, A breath may burst his bubble shares, And soft, white hands could hardly earn A living that would serve his turn.

Stop trying to predict the direction of the stock market, the economy or elections.

What's both fascinating and challenging about investing is that the changing nature of business and finance means you can never have it all figured out.

I swung from one place to the next, sometimes backward, sometimes forward, capitalizing on my own momentum, knowing that at some point my arms—or, more accurately, my quivering bank balance, accessed through foreign ATMs—would give out, and I’d fall to the ground.

We do not have, nor have had, and never will have an opinion about where the stock market, interest rates, or business activity will be a year from now.

As I write in 2012 we certainly do not believe that it is over yet, and the worst may be yet to come. Efforts by governments to solve the underlying problems responsible for the crisis have still not gotten very far, and the 'stress tests' that governments have used to encourage optimism about our financial institutions were of questionable thoroughness.

The idea that you try to time purchases based on what you think business is going to do in the next year or two, I think that's the greatest mistake that investors make because it's always uncertain. People say it's a time of uncertainty. It was uncertain on September 10th, 2001, people just didn't know it. It's uncertain every single day. So take uncertainty as part of being involved in investment at all. But uncertainty can be your friend. I mean, when people are scared, they pay less for things. We try to price. We don't try to time at all.

One of the evils of paper money is that it turns the whole country into stock jobbers. The precariousness of its value and the uncertainty of its fate continually operate, night and day, to produce this destructive effect. Having no real value in itself it depends for support upon accident, caprice, and party; and as it is the interest of some to depreciate and of others to raise its value, there is a continual invention going on that destroys the morals of the country.