A Quote by Richard Thaler
It's not that we can predict bubbles - if we could, we would be rich. But we can certainly have a bubble warning system.
Related Quotes
I could blow bubbles. Bubbles would solve any dilemma we face. If bubbles were president there would be no war.
Although we don't know what is outside our universe, astronomers still wonder. Several pictures of what there might be have been dreamed up. An interesting one, called multiverse, has lots of universes. Picture it as a foam of bubbles. Our universe would be one bubble, and we'd be surrounded by lots of other bubbles.
The spell was simple and I'd said half of it before she even figured out that it was a spell. Since you like bubbles so, In a bubble you must go. In that bubble you will stay Till your bubbles go away. Sound can't pass from inside out Even if you scream or shout. If you want to be set free, End your spell, that's the key
There is a lot of science in bubbles. They are just like our weather system. The earth is, in effect, trapped inside a liquid sphere, the troposphere, where our weather forms. The bright colors on the outside of a bubble are just varying thicknesses of bubble, just like the varying thicknesses of clouds.
In the financial markets I find it easy to predict what will happen and very difficult to predict when it will happen. I think that things were clear during the bubble as to what would happen eventually.
You can go back to tulip bulbs in Holland 400 years ago. The human beings going through combinations of fear and greed and all of that sort of thing, their behavior can lead to bubbles. And it may have had and Internet bubble at one time, you've had a farm bubble, farmland bubble in the Midwest which resulted in all kinds of tragedy in the early '80s.
The reason I am so negative about the Federal Reserve's policies is that they only target core inflation and argue that they can't identify bubbles, but when each bubble bursts, they flood the system with liquidity that brings about unintended consequences.
Bubbles. On a scale of one to ten, a bubble bath has to rank zero as far as things I'd expect an older-than-dirt-badass vampire to indulge in. The only thing that would surprise me more would be if you pulled out a rubber ducky. -Kira to Mencheres
He could tell at once that they carried different sorts of bubble bath mixed with the water though it wasn't bubble bath as Harry had ever experienced. One tap gushed pink and blue bubbles the size of footballs; another poured ice-white foam so thick that Harry thought it would have supported his weight if he'd cared to test it; a third sent heavily perfumed purple clouds hovering over the surface of the water. Harry amused himself for a while turning the taps on and off, particularly enjoying the effect of one whose jet bounced off the surface of the water in large arcs.
I worked in a factory for 10 months with the aim of going traveling in Europe. I bought a bottle of bubble stuff and spent every night playing with bubbles. After 10 months, I went to Europe and did bubble shows on the street.
The industrial leader of the 20th century was a system-builder. He was a visionary in terms of what could be built; got the capital together; certainly convinced investors that it was possible; and then ran a high-volume production system that would spew out a vast array of almost identical goods and services. They would be changed from time to time; there was research and development, to be sure. But the system was built around production, not innovation.
Don't you know that there's another bubble as well An expectations bubble. Bigger houses private planes yachts ...... stupid salaries and bonuses. People come to desire these things and expect them. But the expectations bubble will burst as well as all bubbles do. Come to my gallery and I will sell you beautiful things at a more reasonable price. But the point is that they will have value. Things of real beauty things of the spirit.
One of the things we did at PayPal was collaborative filtering and machine learning: looking at patterns of human behavior. We used it there to predict when people would try to cheat the system to get money. But you can predict pretty much any behavior with a certain amount of accuracy.
Bubbles are always new; you just can't find an old bubble.
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.
When I started Oracle, what I wanted to do was to create an environment where I would enjoy working. That was my primary goal. Sure, I wanted to make a living. I certainly never expected to become rich, certainly not this rich. I mean, rich does not even describe this. This is surreal. And it has nothing to do with money. I mean, you buy clothes with money, and cars. But I really wanted to work with people I enjoyed working with, who I admired and liked.
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