A Quote by Jeremy Grantham

I would say that financial markets are very inefficient, and capable of extremes of being completely dysfunctional.

Jeremy Grantham

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Being Capable Dysfunctional Extremes Financial Financial Markets Inefficient Markets Say Very Would

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Jeremy Grantham
British - Businessman

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.

Jeremy Grantham

The times are too difficult and the crisis too severe to indulge in schadenfreude. Looking at it in perspective, the fact that there would be a financial crisis was perfectly predictable: its general nature, if not its magnitude. Markets are always inefficient.

Noam Chomsky

In certain circumstances, financial markets can affect the so-called fundamentals which they are supposed to reflect. When that happens, markets enter into a state of dynamic disequilibrium and behave quite differently from what would be considered normal by the theory of efficient markets. Such boom/bust sequences do not arise very often, but when they do, they can be very disruptive, exactly because they affect the fundamentals of the economy.

George Soros

Ultimately savings have to go somewhere and I think they will find their home in financial markets and within financial markets, a large part in equity.

Rakesh Jhunjhunwala

Financial innovation can be highly dangerous, though almost no one will tell you this. New financial products are typically created for sunny days and are almost never stress-tested for stormy weather. Securitization is an area that almost perfectly fits this description; markets for securitized assets such as subprime mortgages completely collapsed in 2008 and have not fully recovered. Ironically, the government is eager to restore the securitization markets back to their pre-collapse stature.

Seth Klarman

Do not trust financial market risk models. Despite the predilection of some analysts to model the financial markets using sophisticated mathematics, the markets are governed by behavioral science, not physical science.

Seth Klarman

It is very clear that the present system of innovation for medicines is very inefficient and really somewhat corrupt. It benefits shareholders over patients; it produces for the rich markets and not for the poor and does not produce for minority diseases.

John Sulston

I would say probably not being able to do what I want to do and not being completely fulfilled and happy. I don't know how that would manifest itself in a mirror. It's just that feeling of not being satisfied with my life would be the worst thing that could ever happen to me.

Karen Gillan

Developments in financial markets can have broad economic effects felt by many outside the markets.

Ben Bernanke

At that time when I was struggling with being successful in a financial way, people would say, "You should be very happy. Look how well you're doing financially," and I was struggling to find purpose, if you would. There's quote from Einstein that said, "Happiness and well-being are the ambitions of a pig." And I thought, "Boy, that's exactly how I feel."

Les Wexner

The principal linkages between Japan and the U.S. global economies are trade, financial markets, and commodity markets.

Mark Zandi

The impact on the broader economy and financial markets of the problems in the subprime markets seems likely to be contained.

Ben Bernanke

There's been a dichotomy in the world financial markets over the last 30 years between the developed markets and the developing markets. Brazil, for example, always had to pay a lot more in interest to borrow money than governments in developed nations.

Porter Stansberry

There are two extremes to avoid: being completely absorbed in your pain and being distracted by so many things that you stay far away from the wound you want to heal.

Henri

Because financially capable consumers ultimately contribute to a stable economic and financial system as well as improve their own financial situations, it's clear that the Federal Reserve has a significant stake in financial education.

Ben Bernanke

Financial markets are supposed to swing like a pendulum: They may fluctuate wildly in response to exogenous shocks, but eventually they are supposed to come to rest at an equilibrium point and that point is supposed to be the same irrespective of the interim fluctuations. Instead, as I told Congress, financial markets behaved more like a wrecking ball, swinging from country to country and knocking over the weaker ones. It is difficult to escape the conclusion that the international financial system itself constituted the main ingredient in the meltdown process.

George Soros

A Quote by Jeremy Grantham

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