“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.” PeopleTryingBelieveRealHouseRiskWork OutInvestorsCrash Author:Robert Skidelsky, Baron Skidelsky
“You do just have to go back to moral philosophy and you've got to say, okay, there is greed, people do want more and more, but then what restrains them and what restrained them in the past was a view of life in which one's satisfaction wasn't the most important thing, that you just, you needed enough and you could say, "Enough is enough." Maybe religion will get you there, maybe just classic moral philosophy, but you have to have some of that, or else you're always on the gravy train.” PeopleImportantEnoughPhilosophyPastMoralOkayTrainGreedClassicMoral Philosophy Author:Robert Skidelsky, Baron Skidelsky
“When you think of everything in terms of just money, then almost nothing is enough. I mean, how much money is enough? Because it's hard to translate money into goods. And I think people, once, I think there's a lot things can believe, and once they start thinking about wealth in terms of money, they lose the idea of enough-ness.” PeopleThinkingBelieveMeanEnoughTermWealthTranslate Author:Robert Skidelsky, Baron Skidelsky
