A Quote by Robert Skidelsky, Baron Skidelsky
Investors are trying to work out some risk premiere that have some correspondence with actual risks. But they don't, they're not, they can't go very far that way, because the actual correspondence isn't really there in a lot of cases. So once people stop believing in these stories, and then the crash can come very, very quickly. They believe that house prices are correctly priced for some time and then suddenly they realized there's no real basis for that. But what is the correct price? We don't know that either. It's just that everything swings.
Quote Topics
Actual
Basis
Because
Believe
Believing
Cases
Come
Correct
Correctly
Correspondence
Crash
Either
Everything
Far
Go
House
House Prices
Investors
Just
Know
Lot
Once
Out
People
Premiere
Price
Prices
Quickly
Real
Realized
Really
Risk
Risks
Some
Stop
Stories
Suddenly
Swings
Then
Time
Trying
Very
Way
Work
Work Out
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