Financial Boom Quotes

As the Nasdaq soared in 1999 and early 2000, demand for many offerings far exceeded the supply of shares available at the initial offering price.

A lot of the city boys in London, a lot of the hedge-fund, young city workers at the height of the financial boom were a lot of working-class, brilliantly minded young fellows and women.

The normal profits of a business concern in the United States are six, eight, ten, and sometimes twelve percent. But war-time profits - ah! that is another matter - twenty, sixty, one hundred, three hundred, and even eighteen hundred per cent - the sky is the limit.

The scale of revenue growth is unprecedented. If you look back over history, whether you're looking at the railway robber baron era or the 1920s or the '50s or the '70s, it used to take a long time for a company to get to the point where they had tens of millions of dollars of revenue. It was almost never an overnight phenomenon.

If Hillary [Clinton] gets elected what she's promised to do with the [New York] banks is going to make London boom.

It doesn't matter if you call it a boom or a bubble. The startup business moves in cycles, and what goes up will eventually come down.

The year 2000, I was the richest for three days. So I know up and down.

Beautiful credit! The foundation of modern society. Who shall say that this is not the golden age of mutual trust, of unlimited reliance upon human promises? That is a peculiar condition of society which enables a whole nation to instantly recognize point and meaning in the familiar newspaper anecdote, which puts into the mouth of a distinguished speculator in lands and mines this remark: -- I wasn't worth a cent two years ago, and now I owe two millions of dollars.

I'm trying to write about serious issues, about Iceland's journey into modernity, about the soul of Iceland - on how people react when they get too much money too quickly and how it affects our culture.