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Quote by John Kenneth Galbraith

“Genius is a rising stock market.”

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John Kenneth Galbraith was a renowned economist known for his research on economic cycles, market structures, and government policies. His works have had a profound impact on economic theory and policy practice. more

“Those who had been riding the upward wave decide now is the time to get out. Those who thought the increase would be forever find their illusion destroyed abruptly, and they, also, respond to the newly revealed reality by selling or trying to sell. And thus the rule, supported by the experience of centuries: the speculative episode always ends not with a whimper but with a bang.”

Trying Ends Reality Would Be Forever Century Illusion Increase Sells Investing Wave Selling Destroyed Riding Episodes Bangs

Book:A Short History of Financial Euphoria

Source: A Short History of Financial Euphoria

“Almost every aspect of its (Federal Reserve) history should be approached with a discriminating disregard for what is commonly taught or believed.”

Should Taught Aspect Investing Reserves Disregard Federal Reserve

Author:John Kenneth Galbraith

“If we had a truth-in Government act comparable to the truth-in-advertising law, every note issued by the Treasury would be obliged to include a sentence stating: This note will be redeemed with the proceeds from an identical note which will be sold to the public when this one comes due.”

Ifs Government Would Be Law Notes Investing Sentences Dues Advertising Obliged Identical Treasury Redeemed

Author:Walter Wriston

“The intellectual and social climate needed to allow entrepreneurship to thrive will not exist in advanced capitalism.”

Social Needed Intellectual Capitalism Climate Investing Entrepreneurship Thrive

Author:Joseph A. Schumpeter

“When the suffering becomes acute enough, one goes forward.”

Enough Suffering Investing

Author:Hermann Hesse

“The best approach here, if at all possible, is to use supervisory and regulatory methods to restrain undue risk-taking and to make sure the system is resilient in case an asset-price bubble bursts in the future.”

Ifs Use Cases Risk Approach Method Investing Assets Bubbles Resilient Risk-taking

Author:Ben Bernanke

Quote by John Kenneth Galbraith

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