A Quote by Seth Klarman

When excesses such as lax lending standards become widespread and persist for some time, people are lulled into a false sense of security, creating an even more dangerous situation. In some cases, excesses migrate beyond regional or national borders, raising the ante for investors and governments. These excesses will eventually end, triggering a crisis at least in proportion to the degree of the excesses. Correlations between asset classes may be surprisingly high when leverage rapidly unwinds.

Seth Klarman

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Asset Become Between Beyond Borders Cases Classes Creating Crisis Dangerous Degree End Even Eventually False False Sense False Sense Of Security Governments High Investors Lax Least Lending Leverage May Migrate More National National Borders People Persist Proportion Raising Rapidly Regional Security Sense Situation Some Standards Surprisingly Time Widespread Will

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Seth Klarman
American - Author
Born: May 21, 1957

Rock and Roll has certainly tried to take its toll on me. I'd rather not talk about my past excesses here, although some hardcore rockers might argue that those excesses were responsible for some great records, but I know which side I came out on.

Tony Visconti

Bubbles are best identified by credit excesses, not valuation excesses. And there's no bigger credit excess than in China.

James Chanos

To protest in the name of morality against 'excesses' or 'abuses' is an error which hints on active complicity. There are no 'abuses' or 'excesses' here, simpily an all-pervasive system.

Simone de Beauvoir

Only a very small proportion of us take those excesses with us into later life. In the age before everyone had a camera, it was worthwhile, in my opinion, to record those excesses. Sometimes, many times actually, the young people I photographed were only dressed that way for one night; that one night that they got snapped by me.

Derek Ridgers

Our inspired Constitution is wisely designed to protect from excesses of political power, but it can do little to protect us from the excesses of appetite or from individual indifference to great principles or institutions. Any significant unraveling of the moral fiber of the American people, therefore, finally imperils the Constitution.

Neal A. Maxwell

But in Afghanistan, the general rule was that since you were fighting the Taliban, which was not a lawful government force, the Geneva Conventions did not apply. And that led to a lot of excesses in Afghanistan, excesses like Abu Ghraib that were already well-publicized.

Yaroslav Trofimov

Remember what Teddy Roosevelt did. Yes, he took on what he saw as the excesses in the economy, but he also stood against the excesses in politics. He didn't want to unleash a lot of nationalist, populistic reaction. He wanted to try to figure out how to get back into that balance that has served America so well over our entire nationhood.

Hillary Clinton

Look at what I am proposing, and we [wih Bernie Sanders] have a vigorous agreement here. We both want to reign in the excesses of Wall Street. I also want to reign in the excesses of Johnson Controls that we bailed out when they were an autoparts company, and we saved the auto industry, and now they want to avoid paying taxes.

Hillary Clinton

Well the thing is that under the [Ronald] Reagan administration, excesses have occurred in terms of over regulating certain types of behavior, and excesses have occurred in the opposite direction, in de-regulating other types of behavior. As a matter of fact, if they continue to regulate the airlines, we might have safer skies, and if they slack off on the radio, we might have better radio. If they just use it as a threat, eventually there's going to be another test case like the one that the 7 dirty words ruling came out of, and basically, its extortion.

Frank Zappa

The ideal visions of one age eventually are seen as its excesses by the next.

Lillian B. Rubin

The high-handed bureaucratic excesses of the IRS are a national disgrace ... riding roughshod over the taxpayers and making a joke out of our rule of laws.

Paul Laxalt

Where some people are very wealthy and others have nothing, the result will be either extreme democracy or absolute oligarchy, or despotism will come from either of those excesses.

Aristotle

It's a new phenomenon in America that states can now sue the national government and become a kind of check and balance on the excesses of the federal government.

Alan Dershowitz

Language is wild - you can't fence it or tell it what to do - and it's the same with people. Even under the worst excesses of Stalinism or consumerism, the human spirit will still express itself.

Jay Griffiths

Our concerns about what we saw in Australia: an economy clearly tied to China has hitched its wagon to the tail of the tiger. In terms of the general complacency, what we heard over and over from investors and clients and potential clients is, 'yes, yes, there are some excesses, but the government will figure out a way.

James Chanos

A Quote by Seth Klarman

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