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Quote by Nouriel Roubini

“Having spent 10 years studying emerging markets, I know that you have patterns repeated over and over again. A bubble is like a fire which needs oxygen to continue... when you see there is no oxygen, things change.”

Quote by Nouriel Roubini

Author

Nouriel Roubini

Nouriel Roubini is a prominent economist recognized for his precise forecasts of the global financial crisis. He is a professor at New York University's Stern School of Business and has held various roles in government and academia. Roubini's research concentrates on global macroeconomics, international finance, and economic policy. more

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“I believe investors should invest for the long run, so I don't buy and sell. I usually maintain the classic index of global equities, diversified U.S. and global and emerging markets, and when the risk is larger, I diminish the amount in global equities and put more into liquid assets - but very irregularly.”

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“I believe, unlike people that are totally free-market, laissez-faire fundamentalists, that there is an important role that the government can play - one, in providing public goods, whether it's education, health care, or other things, and two, supervising countercyclical policy - stimulus, whether it's monetary, fiscal, or otherwise.”

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“If we didn't have greed, market economies wouldn't be as innovative as they are. But in my view, greed has to be contained by the fear of losses, so there has to be a system where, if you take too much risk, you go into bankruptcy. You don't systematically bail out people who take excessive risks.”

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“September and October of 2008 was the worst financial crisis in global history, including the Great Depression.”

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“Investment banks manage to go bankrupt through their investment-banking activities, commercial banks manage to go bankrupt through their commercial-banking activities.”

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“The crisis in Europe has affected the US economy by acting as a drag on our exports, weighing on business and consumer confidence and pressuring US financial markets and institutions.”

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“Don't go into Ramadan having hurt anyone without seeking their forgiveness. The last thing you'd want on the day of judgment is to find that your entire Ramadan with all of its quran recitation, fasting, taraweeh prayers, laylatul qadr, etc. went completely to waste because your pride stopped you from saying “I'm sorry”. With that being said, I'm sorry if I've written, said, or done anything to offend you. Please find it in your heart to forgive and make dua that Allah grants me guidance and sincerity.”

“Acting humble for people's praise is one of the most dangerous forms of riyaa (showing off).”

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“Sometimes you wish you never met certain people, then you grow and realize that they were a gift in disguise and contributed to making you the person you are.”

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“Don't make your wedding a pleasant memory in this life but a source of misery in the next. Make it an eternally good memory. In trying to have a halal wedding, you might sacrifice many relationships but the opposite might mean sacrificing the only relationship that will matter in the hereafter for a bunch of people who don't even really care about you. Don't make one night the cause of your regret for an eternity.”