Follow - Write - Create

One Min Read

10 Views

People think rationally that the world really is more risky. Imagine in 2008 that investors thought there was a 10% chance we’d have a depression. That would partly justify the drop in prices.

Follow Me Written By

Eugene Fama

Other Quote

Previous

Tastes and behavior are important in economics. Nobody denies that. But the question is: How much of behavior is irrational, and how much of the irrational behavior really affects prices? It turns out that’s very difficult to answer.

Next

The most important thing a pastor does is stand in a pulpit every Sunday and say, ‘Let us worship God.’ If that ceases to be the primary thing I do in terms of my energy, my imagination, and the way I structure my life, then I no longer function as a pastor.

Next

April 26, 2024

The most important thing a pastor does is stand in a pulpit every Sunday and say, ‘Let us worship God.’ If that ceases to be the primary thing I do in terms of my energy, my imagination, and the way I structure my life, then I no longer function as a pastor.

Previous

April 26, 2024

Tastes and behavior are important in economics. Nobody denies that. But the question is: How much of behavior is irrational, and how much of the irrational behavior really affects prices? It turns out that’s very difficult to answer.

No Comment! Be the first one.

Leave a Reply Cancel reply

You must be logged in to post a comment.

Related Items

Civilisation, the orderly world in which we live, is frail. We are skating on thin ice. There is a fear of a collective disaster. Terrorism, genocide, flu, tsunamis.

Zygmunt Bauman

We live in a globalising world. That means that all of us, consciously or not, depend on each other. Whatever we do or refrain from doing affects the lives of people who live in places we’ll never visit.

Zygmunt Bauman

In our world of rampant ‘individualisation’, relationships are mixed blessings. They vacillate between a sweet dream and a nightmare, and there is no telling when one turns into the other.

Zygmunt Bauman

In a world of global dependencies with no corresponding global polity and few tools of global justice, the rich of the world are free to pursue their own interests while paying no attention to the rest.

Zygmunt Bauman