Paul Krugman Quotes

Wall Street, in the main, hates uncertainty, which manifests itself in depressed share prices of companies whose prospects lack 'visibility.' But where the market can err is in confusing uncertainty with risk.

People forget that although we can pinpoint the price, we can only guess at future earnings. The past isn't much help: It simply tells whether a market was pricey or cheap.

Obviously, no one knows when the market is going to bottom out, and I am certainly not an economist.

The older I get, the less respect I have for the signals emitted by our vaunted speculative markets.

I don’t know why the Stock Market does what it does.

This joint stock company has in common with many other stock companies that everyone knows what he puts in, but not what he will get out of it.

Who cares if companies are overvalued or not?

Anyone who says he is an expert in the market is lying to you. There is no such thing.

I even don't dare to watch our stock price, because this is what other people think who you are. I dare not watch it. I think, let the market take care of themselves; we should take care of the business.

The future is never clear; you pay a very high price in the stock market for a cheery consensus. Uncertainty actually is the friend of the buyer of long-term values.

If you roll dice, you know that the odds are one in six that the dice will come up on a particular side. So you can calculate the risk. But, in the stock market, such computations are bull - you don't even know how many sides the dice have!

Nobody really knows what the market is going to do, but it sure looks like we are going to have a lot more volatility.

If I owned any of these Hot New Issues that have doubled, tripled, quintupled or umptupled within days and in some cases hours after they were issued, I most certainly would grab my fabulous windfall, thank my lucky stars and invest the money. It's utter nonsense to think any newly issued stock is really worth two, ten or 20 times the [offering] price.... A management so stupid as to sell shares [cheap], and an underwriter so obtuse as not to discern the real value, together would provide reason enough for a sensible man to get rid of his shares.

Anything can happen anytime in markets. And no advisor, economist, or TV commentator-and definitely not Charlie nor I-can tell you when chaos will occur. Market forecasters will fill your ear but will never fill your wallet.

Nothing important on Wall Street can be counted on to occur exactly in the same way as it happened before.

In Wall Street, the only thing that's hard to explain is next week.

Hundreds of investors ask me questions each year about the dilemmas they confront. Their worst problem? Uncertainty. They are traumatized and become emotional or confused to the state of inaction. Even worse, they try to solve a short-term problem in a way that hurts them financially in the long run.

Uncertainty about sales impedes business planning and could harm capital formation just as much as uncertainty about inflation can create uncertainty about relative prices and harm business planning.

The main purpose of the stock market is to make fools of as many men as possible.

We had a field day before anyone knew anything about shorting. It was almost a license to steal. Nowadays, it's a license to get hosed.

Bitcoin will hit thousands of dollars per coin, because it's worth at least that much, or it's worth zero.

I'm not a stock expert by any means. Stocks go up; they go down.

No one likes to look at their stock price go down and say, 'I feel good about that.' It goes without saying.

Just because a company's future is highly uncertain doesn't mean an investment in it is risky. In fact, some of the best potential investments are highly uncertain but have little risk of permanent capital loss.

There is a disconnect between the performance in stock market and the performance in many companies.