A Quote by John Kenneth Galbraith
I think without a doubt, that what is called "financial genius" is merely a rising market.
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Without doubt, timely and democratic access to financial and market information contributes to smoothly functioning financial markets.
Genius is a rising stock market.
Be transparent as wind, be as possible and relentless and dangerous, be what moves things forward without needing to leave a mark, be part of this collection of molecules that begins somewhere unknown and can't help but keep rising. Rising.Rising. Rising.
As a bull market continues, almost anything you buy goes up. It makes you feel that investing in stocks is a very easy and safe and that you're a financial genius.
Universality is the distinguishing mark of genius. There is no such thing as a special genius, a genius for mathematics, or for music, or even for chess, but only a universal genius. The genius is a man who knows everything without having learned it.
...first check whether the market as a whole is rising or falling. In other words, are you in a bull market or bear market? If the latter, stay out. The odds are against you.
This is how great intellectual breakthroughs usually happen in practice. It is rarely the isolated genius having a eureka moment alone in the lab. Nor is it merely a question of building on precedent, of standing on the shoulders of giants, in Newton's famous phrase. Great breakthroughs are closer to what happens in a flood plain: a dozen separate tributaries converge, and the rising waters lift the genius high enough that he or she can see around the conceptual obstructions of the age.
China will continue to adopt multiple measures to advance the reform and opening up of its financial sector so that its financial market can better adapt to financial modernization and globalization.
It is no exaggeration to say that rising inequality has driven many of the 99 percent into a financial ditch. It also helped spawn the housing bubble that gave us the financial crisis of 2008, the lingering effects of which have forced many OWS protesters to try to launch their careers in by far the most inhospitable labor market we've seen since the Great Depression. Even those recent graduates who manage to find jobs will suffer a lifelong penalty in reduced wages.
For market discipline to constrain risk effectively, financial institutions must be allowed to fail. Under optimal financial regulatory and financial system infrastructures, such a failure would not threaten the overall system.
I object to being called a chess genius because I consider myself to be an all around genius who just happens to play chess, which is rather different. A piece of garbage like Kasparov might be called a chess genius, but he's like an idiot savant. Outside of chess he knows nothing.
Think how weird profit margins are: We've got high unemployment and financial crises - and world record profit margins. People think the American market is very cheap. We don't. The market quite incorrectly gives full credit to today's earnings.
I still doubt it will work." "You'd doubt the sun's rising if you weren't proven wrong each day," Raoden said with a smile.
Genius is often called crazy, but crazy is never called genius. So you just have to put out the work and let the chips fall where they may.
All financial success comes from acting on a plan. A lot of financial failure comes from reacting to the market
I’m the archetype of a disabled genius, or should I say a physically challenged genius, to be politically correct. At least I’m obviously physically challenged. Whether I’m a genius is more open to doubt.
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