A Quote by Alan Greenspan

What a sound money system does is to stabilize all the elements in it, and reduces the uncertainty that people confront. And the one thing all human beings do when they are confronted with uncertainty is pull back, withdraw, disengage, and that means economic activity, which is really dealing with people, just goes straight down.

Alan Greenspan

Quote Topics

Activity Back Beings Confront Confronted Dealing Dealing With People Does Down Economic Economic Activity Elements Goes Human Human Being Human Beings Just Means Money One Thing People Pull Really Sound Stabilize Straight System The One Thing Thing Uncertainty Which Withdraw

Quote Author

Alan Greenspan
American - Economist
Born: March 6, 1926

The consumer is going through a period around the world of uncertainty - whether geopolitical uncertainty, economic uncertainty - and that makes them a little nervous as well.

Steve Easterbrook

Dealing with uncertainty is always a key challenge for investors. But dealing with uncertainty doesn't mean avoiding it - on the contrary, it is often fuzziness about a company's future that creates the type of opportunity bargain-hunting investors cherish.

Whitney Tilson

It is not surprising that in talking about uncertainty we should lean heavily on facts, just as the court of law does when interrogating witnesses. Facts form a sort of bedrock on which we can build the shifting sands of uncertainty.

Dennis Lindley

We don't want this globalised economic system which does us so much harm. Men and women have to be at the centre (of an economic system) as God wants, not money. The world has become an idolator of this god called money. To defend this economic culture, a throwaway culture has been installed. We throw away grandparents, and we throw away young people. We have to say no to his throwaway culture. We want a just system that helps everyone.

Pope Francis

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.

Warren Buffett

War is the realm of uncertainty; three-quarters of the factors on which action in war is based are wrapped in a fog of greater or lesser uncertainty. ... war is the realm of chance. No other human activity gives it greater scope; no other has such incessant and varied dealings with this intruder. Chance makes everything more uncertain and interferes with the whole course of events.

Carl von Clausewitz

Embrace relational uncertainty. It's called romance. Embrace spiritual uncertainty. It's called mystery. Embrace occupational uncertainty. It's called destiny. Embrace emotional uncertainty. It's called joy. Embrace intellectual uncertainty. It's called revelation.

Mark Batterson

Uncertainty and the prospect of failure can be very scary noises in the shadows. Most people will choose unhappiness over uncertainty.

Tim Ferriss

There are a lot of parallels between being a mutual fund manager and being a general manager. Both in the financial markets and in baseball, we're dealing with a world where uncertainty reigns. We're trying to predict the future performance of human beings. It's a fundamental difficulty for which we both have to account.

Paul DePodesta

I always work out of uncertainty but when a painting's finished it becomes a fixed idea, apparently a final statement. In time though, uncertainty returns... your thought process goes on.

Georg Baselitz

I always work out of uncertainty but when a painting's finished it becomes a fixed idea, apparently a final statement. In time though, uncertainty returns.. your thought process goes on.

Georg Baselitz

Would any thing but a madman complain of uncertainty? Uncertainty and expectation are joys of life; security is an insipid thing; and the overtaking and possessing of a wish discovers the folly of the chase.