Doug Casey Quotes

The inborn instability of capitalism has been part of the history of the system for several hundred years, including recurrent speculative episodes. There should be no doubt in anyone's mind that we're now having another one of those speculative episodes.

It was probably a mistake to allow gold to rise so high.

More investment trusts securities were offered in September of 1929 even than in August - the total was above $600 million. However, the nearly simultaneous promotion of Shenandoah and Blue Ridge was to stand as the pinnacle of new era finance. It is difficult not to marvel at the imagination which was implicit in this gargantuan insanity. If there must be madness something may be said for having it on a heroic scale.

Nobody at CNBC owns gold. Nobody at Bloomberg owns gold. Gold is being constantly talked down by the media, and Fed officials, and economists, who also don't own any gold. They're all stocked up in equities.

I think without a doubt, that what is called "financial genius" is merely a rising market.

One of the first big bubbles, of course, was the huge and horrible South Sea Bubble in England. And the aftermath was interesting. Many of you probably don't remember what happened after the South Sea Bubble, which caused an enormous financial contraction, and a lot of pain. They banned publicly traded stock in England for decades.

Gold is a way of going long on fear, and it has been a pretty good way of going long on fear from time to time. But you really have to hope people become more afraid in a year or two years than they are now. And if they become more afraid you make money, if they become less afraid you lose money, but the gold itself doesn’t produce anything.

Gambling in the mark has been the great indoor sport of the capitalists for months, and consequently food has increased by 25 to 100 per cent.

The spectacle of modern investment markets has sometimes moved me towards the conclusion that to make the purchase of an investment permanent and indissoluble, like marriage, except by reason of death or other grave cause, might be a useful remedy for our contemporary evils. For this would force the investor to direct his mind to the long-term prospects and to those only.

Speculators often prosper through ignorance; it is a cliché that in a roaring bull market knowledge is superfluous and experience is a handicap. But the typical experience of the speculator is one of temporary profit and ultimate loss

The mutual fund industry has been built, in a sense, on witchcraft.

I am all in favor of the skeptical mind. Do not believe anything unless you have experienced it. Do not believe anything - go on questioning, however long it takes.

At no point did I ever doubt I would be as near as anybody could be to England's Elvis Presley. Even from eight or nine years old, I thought, Well, I'll be the greatest rock star in England. I just made up my mind.

I know you haven't made your mind up yet But I would never do you wrong I've known it from the moment that we met No doubt in my mind where you belong

Our minds are so undisciplined that our doubts rule our lives and we don't master our imagination - it masters us.

The God to whom depth in philosophy bring back men's minds is far from being the same from whom a little philosophy estranges them

I called gold the ultimate bubble, which means it may go higher. But it’s certainly not safe and it’s not going to last forever.

But how do we know when irrational exuberance has unduly escalated asset values, which then become subject to unexpected and prolonged contractions as they have in Japan over the past decade?

While enthusiasm may be necessary for great accomplishments elsewhere, on Wall Street it almost invariably leads to disaster

Donald Trump didn't even understand, right, that [Vladimir] Putin was playing him. So, in Putin's mind, I have no doubt that Putin thinks that he's an unwitting agent of the Russian Federation, although Putin would never say that.

Whenever in doubt, turn off your mind, relax, float downstream.

Stock prices are likely to be among the prices that are relatively vulnerable to purely social movements because there is no accepted theory by which to understand the worth of stocks....investors have no model or at best a very incomplete model of behavior of prices, dividend, or earnings, of speculative assets.

That day, I began to be incredulous. Or, rather, I regretted having been credulous. I regretted having allowed myself to be borne away by a passion of the mind. Such is credulity.

I have no doubt in mind that I justify the space I take up in the world.

The fact that so little of the findings of modern science is prefigured in Scripture to my mind casts further doubt on it divine inspiration.