market quotes

You can't beat the market because it's smarter than you are. Intellectually, the only task is trying to determine what the market is telling you.

- Robert Leroy Bartley
  The Seven FatYears, ch.3.

Grace isgiven of God, but knowledge is bought in the market.

- Arthur Hugh Clough
  The Bothie of  Tober-na-Vuolich, pt.4, l.159.

The price that the market sets on the services of our resources is similarlyaffected bya bewildering mixture of chance and choice. Frank Sinatra's voice was highly valued intwentieth-century United States.Would it have been highly valued in twentieth-century India, if he had happened to be born and to live there?

- Milton Friedman
Free to Choose (with Rose Friedman).

We are only beginning to understand on how subtle a communication system the functioning of an advanced industrial society is baseda communications system which we call the market and which turns out to be a more efficient mechanism for digesting dispersed information than any that man has deliberately designed.

- Friedrich August von Hayek
  New Studies in Philosophy, Politics, Economics and the History of Ideas,'The Pretence of Knowledge'.

We know the war prepared On every peaceful home, We know the hells declared For such as serve not Rome, The terror, threats and dread In market, hearth and field: We know when all is said We perish if we yield.

- (Joseph) Rudyard Kipling
  'Ulster'.

The elitist attitude is basically suspicious of, and hostile to, themarket precisely becausethemarket issovulgarly democraticone dollar, one vote.

- Norman Krasna
  Two Cheers for Capitalism, ch.2.

Privatization must come after the liberalization of prices† How on earth can you privatize or denationalize anything if you have no means of assessing the value of assets before offering them on the market?

-Valentin Sergeyevich Pavlov
  Interview,The Independent,18 Apr.

Like all other contracts, wages should be left to the fair and free competition of themarket, and should never be controlled by the interference of the legislature.

- David Ricardo
  Principles of Political Economy andTaxation.

Commentators quote economic studies alleging that market downturns predicted four out of the last five recessions. That is an understatement.Wall Street indexes predicted nine out of the last five recessions!

- Paul Anthony Samuelson
  Quoted in The Samuelson Sampler (1973).

Extreme busyness, whether at school or college, kirk or market, is a symptom of a deficient vitality; and a faculty for idleness implies a catholic appetite and a strong sense of personal identity.

- Robert Louis Stevenson
Virginibus Puerisque,'An Apology for Idlers'.

There is no way in which one can buck the market.

- Margaret HildaThatcher, Baroness Thatcher
  Speech to the Commons on10 Mar, before the Budget, complaining about what she called'excessive' intervention in the exchange markets which would lead to inflation.

If you can take $20,000 in one-hundred-dollar bills and walk up on a windy hill and tear themup and watchthem blowaway, and it doesn't bother you, thenyoushould go into the commodities market.

- Don(ald) John Tyson
  In the NewYorker, 30 May.

Brilliant lecturers shouldn't be wasted in lecture rooms: they should appear onTV. We need black market universities, in which people just help each other, and which don't leave out the poor.

-Theodore Zeldin
  Quoted in Christina Hardyment 'Zeldin and the art of human relationships', in OxfordToday, vol.7, no.2, Hilary Issue.