Quotations
- "he stock market has not come down to historical levels: the price-earnings ratio as I define it in this book is still, at this writing, in the mid-20s, far higher than the historical average. … People still place too much confidence in the markets and have too strong a belief that paying attention to the gyrations in their investments will someday make them rich, and so they do not make conservative preparations for possible bad outcomes."
Read more about this topic: Irrational Exuberance (book)
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“A book that furnishes no quotations is, me judice, no book—it is a plaything.”
—Thomas Love Peacock (1785–1866)