“One of the great things about movies is that it's just that short period of time. It's a bubble. The last thing you want to know is that Elizabeth and Darcy had a fight over how to treat the servants!” KnowsWantLastsFightingPeriodsTreatsGreat ThingsServantBubblesDarcy Book:Nora Ephron: The Last Interview: and Other Conversations Source: Nora Ephron: The Last Interview: and Other Conversations
“The period of financial distress is a gradual decline after the peak of a speculative bubble that precedes the final and massive panic and crash, driven by the insiders having exited but the sucker outsiders hanging on hoping for a revivial, but finally giving up in the final collapse.” GivingPeriodsGiving UpFinalsInvestingFinancialDrivenMassiveBubblesDeclineCollapsePanicOutsidersCrashDistressSuckerHanging OnInsiders Author:Charles P. Kindleberger
“What we need to understand is, one, that there are market failures; and two, that there are things like asset bubbles and irrational exuberance. There are periods of booms, bubbles, and manias. These things, if left to themselves, can lead to crashes, to busts, to panics.” IfsNeedsTwoLeftPeriodsAssetsBubblesPanicCrashIrrationalManiaExuberanceMarket Failure Author:Nouriel Roubini