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John Kenneth Galbraith Quotes: We have a swarm of people in the stock market - not out of knowledge, not out of expectation, but out of basically a gambling instinct, the hope that prices will go up.
         

We have a swarm of people in the stock market - not out of knowledge, not out of expectation, but out of basically a gambling instinct, the hope that prices will go up.


John Kenneth Galbraith
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Other quotes of John Kenneth Galbraith


The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness.

The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness.



Oligopoly is an imperfect monopoly. Like the despotism of the Dual Monarchy, it is saved only by its incompetence.

Oligopoly is an imperfect monopoly. Like the despotism of the Dual Monarchy, it is saved only by its incompetence.



Under capitalism, man exploits man. Under communism, it's just the opposite.

Under capitalism, man exploits man. Under communism, it's just the opposite.



But there is merit even in the mentally retarded legislator. He asks the questions that everyone is afraid to ask for fear of seeming simple.

But there is merit even in the mentally retarded legislator. He asks the questions that everyone is afraid to ask for fear of seeming simple.



Economics is extremely useful as a form of employment for economists.

Economics is extremely useful as a form of employment for economists.



If all else fails immortality can always be assured by adequate error.

If all else fails immortality can always be assured by adequate error.



The process by which banks create money is so simple that the mind is repelled.

The process by which banks create money is so simple that the mind is repelled.



There is certainly no absolute standard of beauty. That precisely is what makes its pursuit so interesting.

There is certainly no absolute standard of beauty. That precisely is what makes its pursuit so interesting.



Simple minds, presumably, are the easiest to manage.

Simple minds, presumably, are the easiest to manage.



Every corner of the public psyche is canvassed by some of the most talented citizens to see if the desire for some merchandisable product can be cultivated.

Every corner of the public psyche is canvassed by some of the most talented citizens to see if the desire for some merchandisable product can be cultivated.





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You can be barefoot and have worries.

You can be barefoot and have worries.



I think the scariest thing to me is to think that somebody would only associate me with one character and that that's all that I would get to play.

I think the scariest thing to me is to think that somebody would only associate me with one character and that that's all that I would get to play.



It is axiomatic: When there is no penalty for failure, failures proliferate.

It is axiomatic: When there is no penalty for failure, failures proliferate.



There is no purity with regards to the marketplace and art, I believe.

There is no purity with regards to the marketplace and art, I believe.



They lead only as the carved wooden figurehead leads the ship.

They lead only as the carved wooden figurehead leads the ship.



Can you afford to ignore China? It's like saying you can afford to ignore the internet. I don't think so.

Can you afford to ignore China? It's like saying you can afford to ignore the internet. I don't think so.



I wouldn't consciously pursue trying to make something for the charts. It's just not in my scope now. I'd rather stick needles in my eyes.

I wouldn't consciously pursue trying to make something for the charts. It's just not in my scope now. I'd rather stick needles in my eyes.



So fixed are our spirits in slothfulness and cold indifference that we seldom overcome so much as one evil habit.

So fixed are our spirits in slothfulness and cold indifference that we seldom overcome so much as one evil habit.



If we are serious about peace, then we must work for it as ardently, seriously, continuously, carefully, and bravely as we have ever prepared for war.

If we are serious about peace, then we must work for it as ardently, seriously, continuously, carefully, and bravely as we have ever prepared for war.




Quote Description


This page presents the quote "We have a swarm of people in the stock market - not out of knowledge, not out of expectation, but out of basically a gambling instinct, the hope that prices will go up.". Author of this quote is John Kenneth Galbraith. This quote is about knowledge, gambling, hope, people, expectations, instinct,.