"Stock prices are likely to be among the prices that are relatively vulnerable to purely social movements because there is no accepted theory by which to understand the worth of stocks....investors have no model or at best a very incomplete model of behavior of prices, dividend, or earnings, of speculative assets."

--

Source : "Martket Volatility". Book by Robert J. Shiller, www.businessinsider.com. 1992.

Robert J. Shiller

#Investing Quotes #Movement Quotes #Earning Quotes

“letters are not the first, but the last step in the progression from barbarism to civilisation.”
“Dressing is a pleasure; clothes are not a joke.”
“I must study Politicks and War that my sons may have liberty to study Mathematicks and Philosophy. My sons ought to study Mathematicks and Philosophy, Geography, natural History, Naval Architecture, navigation, Commerce and Agriculture, in order to give their Children a right to study Painting, Poetry, Musick, Architecture, Statuary, Tapestry and Porcelaine. (12 May 1780)”
“In fact, sometimes when I look at something my memory does work. I remember the panel where Alex Toth told me, "Mike, if you really don't understand all that, you don't need to put it on there."”
“My goal was never to just create a company. A lot of people misinterpret that, as if I don't care about revenue or profit or any of those things. But what not being just a company means to me is not being just that - building something that actually makes a really big change in the world.”
“The only guarantee of the Bill of Rights which continues to have any force and effect is the one prohibiting quartering troops on citizens in time of peace. All the rest have been disposed of by judicial interpretation and legislative whittling.”
“People like to think that actors are terribly worried about ghosts of other actors in the parts they play. But you just have to get on with it.”
“I want to roll my eyes right now, but the doctor says that if I keep doing it, my ocular muscles might spasm and eject my eyeballs.”

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