“THE CORRECTION, when it finally came, was not an overnight bursting of a bubble but a much more gentle letdown, a year-long leakage of value from key financial markets, a contraction too gradual to generate headlines and too predictable to seriously hurt anybody but fools and the working poor.”
“The times are too difficult and the crisis too severe to indulge in schadenfreude. Looking at it in perspective, the fact that there would be a financial crisis was perfectly predictable: its general nature, if not its magnitude. Markets are always inefficient.”
“She more than likely came from good enough people. Poor, honest, hard-working folks that never got ahead but did all right as long as they kept their heads down and didn't study too much on what they didn't have.”
“Life is too short, too precious, too painful to waste on worldly bubbles that burst”
“Both the two of us knew it. We watched the lie go up big and slow between us, then it burst like a spit bubble. They always burst before too long.”
“There are values far beyond those of contracts, markets and exchange”