A Quote by Robert J. Shiller
Speculative markets have always been vulnerable to illusion. But seeing the folly in markets provides no clear advantage in forecasting outcomes, because changes in the force of the illusion are difficult to predict.
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Part of my advantage is that my strength is economic forecasting, but that only works in free markets, when markets are smarter than people. That's how I started. I watched the stock market, how equities reacted to change in levels of economic activity, and I could understand how price signals worked and how to forecast them.
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.
Nirvana is a word that means enlightenment, being beyond the illusion of birth and death, the illusion of pain, the illusion of love, the illusion of time and life.
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.
Since the dawn of civilization, markets have been ubiquitous. Many of us have benefited from their focus and efficiency. Yet two widely held beliefs - that markets are best left unregulated and that markets are inherently benign - are naive and outdated.
Sexuality, for the person who practices tantra, is a marvelous way to experience illusion. Illusion is just another way of seeing things. There are no illusions because there is no self.
I think there's a lot of anesthesia being - that's been pumped into American culture, the mass media television, various forms of entertainment, and the illusion of wealth that we now understand to be an illusion as well as the illusion that America is a world power.
The part of you that is unhampered by illusion-the illusion of time, the illusion of powerlessness, the illusion of impossibility-i s waiting for you to slow down and open up so that it can speak to your consciousness. In some unguarded moment, you will hear its wildly improbable words and know that they are guiding you home.
As a whole, investors should welcome attempts to safeguard the integrity of markets. You need very clear rules applied to markets.
I had always been interested in markets - specifically, the theory that in financial markets, goods will trade at a fair value only when everyone has access to the same information.
If you can recognize illusion as illusion, it dissolves. The recognition of illusion is also its ending. Its survival depends on your mistaking it for reality.
Friday's turmoil in global markets looks set to continue to exert a dominant force on the foreign exchange markets. The usual trend when U.S. stocks fall is that the U.S. dollar suffers.
The being we call god is merely a pawn working for a powerful and rational force in some far-off galaxy. This force is trying to weed out people who are irrational by seeing who would be stupid enough to believe in his god illusion so easily. Those that believe in this illusion, he will send to eternal damnation and he will deliver the rational beings, those who stoically refused to believe in a god, to heaven.
What is illusion? M.: To whom is the illusion? Find it out. Then illusion will vanish. Generally people want to know about illusion and do not examine to whom it is. It is foolish. Illusion is outside and unknown. But the seeker is considered to be known and is inside. Find out what is immediate, intimate, instead of trying to find out what is distant and unknown.
Markets are a social construction, they're made from institutions. We in a democratic society create markets, we constitute markets, we bring them into existence, and we shouldn't turn markets over to a narrow group of people who regulate them and run them in their interests, rather they should be run democratically for the common good.
You can never predict how market will react. You can model it. You may try to predict it, but weather and markets and risk, only God knows because only he has seen tomorrow.
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