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Quotes on Economic Cycle

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Quote Authors

Arnold Van Den Berg, Arthur Rock, Benjamin Graham, Bernard Baruch, Bill Miller, Charles Ellis, Charlie Munger, Chris Browne, Chuck Akre, Daniel Kahneman, David Abrams, David Swensen, Dean LeBaron, Dean Williams, Edward Thorp, Edwin Lefevre, Fred Schwed Jr, George Soros, Henry Singleton, Hetty Green, Howard Marks, Joel Greenblatt, John Bogle, John Kenneth Galbraith, John Maynard Keynes, John Neff, John Stuart Mill, John Templeton, Lou Simpson, Marty Whitman, Meir Statman, Michael Price, Mohnish Pabrai, Myron Scholes, Paul Tudor Jones, Peter Bernstein, Peter Cundill, Peter Lynch, Philip Carret, Philip Fisher, Richard Thaler, Robert Kirby, Robert Shiller, Robert Wilson, Seth Klarman, Stanley Druckenmiller, T. Rowe Price, Walter Schloss, Warren Buffett,

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A good record doesn’t necessarily prove good management. Outside economic factors such as the business cycle can make any company look good for a while.
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Robert Wilson
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I’ve studied the Constitution and the Bill of Rights, and I don’t see anywhere that we have to have a recession every four years. I don’t see why you can’t have a decent environment for years and years.
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Peter Lynch
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You never can predict the economy. You can't predict the stock market.
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Peter Lynch
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The strength of our economy is that it is dynamic and always adapting to changing conditions. That's our advantage in the world.
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Peter Lynch
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So long as a capitalist system persists and the financial markets hold together, equities do have a built-in long-term rate of return. That rate of return is a nominal measure of the economy.
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Peter Bernstein
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The whole reason that our capitalist system works the way it does is because there are cycles, and the cycles self-correct.
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Seth Klarman
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Any contrarian knows that just as a grim present is usually precursor to a better future, a rosy present may be precursor to a bleaker tomorrow.
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Seth Klarman
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The constant lesson of history is the dominant role played by surprise. Just when we are most comfortable with an environment and come to believe we finally understand it, the ground shifts under our feet.
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Peter Bernstein
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The best companies often thrive even as their competitors struggle to survive.
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Peter Lynch
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The general state of business thus does not forecast the course of stock prices except in the apparently paradoxical fashion that great prosperity affords an advantageous time for selling stocks, extreme business depression an opportunity for purchase.
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Philip Carret
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The fabric of civilization today is woven of millions of threads. No spot in it is so strong that it will not feel some effect from a weakening at any point.
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Philip Carret
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Just as in the realm of pugilism, a few years of soft living will make a Dempsey easy prey for a Tunney, so a period of prosperity contains the seeds of its own destruction.
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Philip Carret
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This is the way the capitalist ecology works. Industries decline, old companies wither away, and young companies rise up to replace them. This process is hard on many, but ultimately, it is healthy.
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Peter Lynch
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I've never understood the apocalyptic theory of investing. If the world really does collapse, is it really going to do you any good to have a few Krugerrands in your pocket?
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Peter Lynch
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The best time to get involved with cyclicals is when the economy is at its weakest, earnings are at their lowest, and public sentiment is at its bleakest.
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Peter Lynch
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The factors that affect the state of what we call "general business" are innumerable.
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Philip Carret
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When the capital development of a country becomes a by-product of the activities of a casino, the job is likely to be ill-done.
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John Maynard Keynes
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When things go badly, people become cautious. Then their caution causes things to go well, and when things go well, they become incautious. I think that's a forever cycle.
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Howard Marks
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Economic history never repeats itself exactly.
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Philip Carret
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Every economic recovery since World War II has been preceded by a stock market rally. And these rallies often start when conditions are grim.
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Peter Lynch
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The market cycle of the future may prove to be surprisingly independent of the business cycle, and it may even exist if there is no business cycle -- which is in itself quite an assumption, but not an entire impossibility.
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Benjamin Graham
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Economic events rarely unfold in the way stock-market people forecast them.
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Benjamin Graham
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The stock market has a 100% record, in the last 50 years, of predicting upturns in the economy. It's never been wrong. It's less than 50-50 on a downturn.
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Peter Lynch
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