Claims

2,653 claims by 33 public figures and organisations, checked against the public record. Each has its quote, source, verdict and evidence. Read them without a key; browse by person.

28,548 claims · page 258 of 286

28,548 claims, sorted by newest said. Choose a claim to read it in full.
VerdictPersonKindSaidClaimTopic
Not checkable Jeremy Grantham Not checkable 2009 But, it still ain’t right! Jeremy Grantham · Not checkable · 2009
Not checkable Jeremy Grantham Not checkable 2009 But all of the above points fail to recognize the main problem: the system has become too big and complicated for even much-improved… Jeremy Grantham · Not checkable · 2009
Not checkable Jeremy Grantham Not checkable 2009 now, that’s what I call a title! Jeremy Grantham · Not checkable · 2009
Not checkable Nassim Taleb Not checkable 2009 let’s favor technology companies, let’s not favor all this financial bulls—. Nassim Taleb · Not checkable · 2009
Not checkable Jeremy Grantham Not checkable 2009 Too, the S&P 500 could have gone much lower – 500 or so would have been quite normal. Jeremy Grantham · Not checkable · 2009
Not checkable Jeremy Grantham Not checkable 2009 the Justice Department, together with Congressional and other advisors, should be invited to develop a special set of rules for the banking… Jeremy Grantham · Not checkable · 2009
Not checkable Nassim Taleb Not checkable 2009 What we have at this crisis is a conjunction of what I’ve feared the most — namely, a very large deviation, very large exposure and very… Nassim Taleb · Not checkable · 2009
Unresolvable Nassim Taleb Prediction 2009 Unless banks hold less risk and risks are borne by individuals with their own capital, financial cycles will keep getting deeper each time. Nassim Taleb · Prediction · 2009 Economics and markets
Not checkable Jeremy Grantham Not checkable 2009 Recent practices have basically been a legalized way to abscond with the stockholders’ equity. Jeremy Grantham · Not checkable · 2009
Not checkable Nassim Taleb Not checkable 2009 It gave people the illusion of comfort. Nassim Taleb · Not checkable · 2009
Not checkable Jeremy Grantham Not checkable 2009 beneficial improvements, but in the long run they would be almost completely irrelevant and, worse, they might kid us into thinking we were… Jeremy Grantham · Not checkable · 2009
Not checkable Jeremy Grantham Not checkable 2009 Still, it would be very nice indeed to twist and turn a little more along the seven-year path in order to make more money and avoid losses. Jeremy Grantham · Not checkable · 2009
Not checkable Jeremy Grantham Not checkable 2009 So the answer must be to subsidize more car purchases, and when the subsidies run out, you can have all the fun again. Jeremy Grantham · Not checkable · 2009
Not checkable Jeremy Grantham Not checkable 2009 With no record of success in any important job, he gets one of the world’s two most important jobs! Jeremy Grantham · Not checkable · 2009
Not checkable Jeremy Grantham Not checkable 2009 It is a conundrum: too many regulatory agencies and you have too many opportunities for financial interests to shop around for regulatory… Jeremy Grantham · Not checkable · 2009
Not checkable Jeremy Grantham Not checkable 2009 And we can and should arrange it! Jeremy Grantham · Not checkable · 2009
Not checkable Jeremy Grantham Not checkable 2009 their well-deserved ranking as the most short-sighted industry of the last 20 (40?) years, and one of the worst managed. Jeremy Grantham · Not checkable · 2009
Not checkable Jeremy Grantham Not checkable 2009 But surely they should not have been insured against failure by us taxpayers! Jeremy Grantham · Not checkable · 2009
Unresolvable Nouriel Roubini Factual 2009 US housing quantities fell by 80% and home prices fell more than 25%, and prices were still falling at more than a 20% annualised rate in 2009. Nouriel Roubini · Factual · 2009 Economics and markets
Not checkable Nassim Taleb Not checkable 2009 Because it was a Ponzi scheme, I don’t know any other way to call it. Nassim Taleb · Not checkable · 2009
Mostly true Nouriel Roubini Factual 2009 Roubini wrote about his concerns in summer 2006 and gave a speech to a few hundred International Monetary Fund staff in early September 2006. Nouriel Roubini · Factual · 2009 Their own work or organisation
Not checkable Jeremy Grantham Not checkable 2009 The rest is window dressing and wishful thinking. Jeremy Grantham · Not checkable · 2009
Not checkable Jeremy Grantham Not checkable 2009 How can we separate the logical neatness of institutional design from our recent proven inability to pick effective, principled leaders… Jeremy Grantham · Not checkable · 2009
Not checkable Jeremy Grantham Not checkable 2009 We have a once-in-a-lifetime opportunity to effect genuine change given that the general public is disgusted with the financial system and… Jeremy Grantham · Not checkable · 2009
Not checkable Jeremy Grantham Not checkable 2009 Yes, I admit this is part envy and part hindsight investment regret. Jeremy Grantham · Not checkable · 2009
Not checkable Nassim Taleb Not checkable 2009 There is a domain in which we can measure the unknown, provided the large deviation doesn’t play a big role. Nassim Taleb · Not checkable · 2009
Not checkable Nassim Taleb Not checkable 2009 actually could not keep up with the complexity of the financial products that are involved. Nassim Taleb · Not checkable · 2009
Not checkable Jeremy Grantham Not checkable 2009 The 1960s were probably the high water mark (or one of them) of America’s capitalism. Jeremy Grantham · Not checkable · 2009
Not checkable Jeremy Grantham Not checkable 2009 Given White Star Line’s unwillingness to spend, she was under-designed. Jeremy Grantham · Not checkable · 2009
Not checkable Jeremy Grantham Not checkable 2009 The Titanic, for example, was just too big and therefore too complicated for the affordable technology of its day. Jeremy Grantham · Not checkable · 2009
Not checkable Jeremy Grantham Not checkable 2009 Congress also failed in its role. Jeremy Grantham · Not checkable · 2009
Unresolvable Nassim Taleb Factual 2009 Bankers kept their bonuses in each past banking crisis while taxpayers bailed the banks out. Nassim Taleb · Factual · 2009 Economics and markets
Not checkable Jeremy Grantham Not checkable 2009 We were simply too slow to get the message that the combined stimulus package was so heavily weighted toward stimulating risk-taking and… Jeremy Grantham · Not checkable · 2009
Mostly true Nassim Taleb Factual 2009 The public bore the cost of banking crises in 1983 and in 1991-1992. Nassim Taleb · Factual · 2009 Economics and markets
Not checkable Jeremy Grantham Not checkable 2009 we are bound and determined to bend once again to the will (and the money) of the financial lobby, which is encouraged by the unexpected… Jeremy Grantham · Not checkable · 2009
Not checkable Jeremy Grantham Not checkable 2009 The separation of commercial banking from investment banking is not as vital as the removal of prop desk conflicts Jeremy Grantham · Not checkable · 2009
Not checkable Jeremy Grantham Not checkable 2009 banking creates nothing of itself. It merely facilitates the functioning of the real world. Jeremy Grantham · Not checkable · 2009
Not checkable Jeremy Grantham Not checkable 2009 This means that they extracted every penny of $9 billion from a fragile financial system. Jeremy Grantham · Not checkable · 2009
Not checkable Jeremy Grantham Not checkable 2009 The financial world was reaching into the GDP pie and taking an unnecessary extra 4%. Jeremy Grantham · Not checkable · 2009
Not checkable Jeremy Grantham Not checkable 2009 So maybe there’s hope for a second time. Jeremy Grantham · Not checkable · 2009
Not checkable Jeremy Grantham Not checkable 2009 I have no idea why the current administration, which came in on a promise of change, for heaven’s sake, is so determined to protect the… Jeremy Grantham · Not checkable · 2009
Not checkable Jeremy Grantham Not checkable 2009 We all want smaller, simpler banks that are not too big to fail. Jeremy Grantham · Not checkable · 2009
Not checkable Jeremy Grantham Not checkable 2009 Such a situation is bound to end badly. Jeremy Grantham · Not checkable · 2009
Unresolvable Nassim Taleb Factual 2009 Taleb offers a protection package to clients and it works. Nassim Taleb · Factual · 2009 Economics and markets
Not checkable Jeremy Grantham Not checkable 2009 The recent boom and the ensuing crisis are a wonderfully scientific experiment with definitive results that we are all trying to ignore. Jeremy Grantham · Not checkable · 2009
Not checkable Nassim Taleb Not checkable 2009 In other words it tells you how uncomfortable the plane ride is going to be, but tells you nothing about the crash. Nassim Taleb · Not checkable · 2009
Not checkable Nassim Taleb Not checkable 2009 So we should have more risks taken by funds and less risk taken by banks, because banks have a severe agency problem. Nassim Taleb · Not checkable · 2009
Not checkable Jeremy Grantham Not checkable 2009 After a crisis, if you don’t want to waste time on palliatives, you must begin with an open and frank admission of failure. Jeremy Grantham · Not checkable · 2009
Not checkable Jeremy Grantham Not checkable 2009 I think the first 15 percentage points over fair value would satisfy me. Jeremy Grantham · Not checkable · 2009
Not checkable Jeremy Grantham Not checkable 2009 The only long-term hope of avoiding major recurrent crises is to make our financial system simpler, the units small enough that they can be… Jeremy Grantham · Not checkable · 2009
Not checkable Jeremy Grantham Not checkable 2009 Crises are desperately hard to avoid. Jeremy Grantham · Not checkable · 2009
Not checkable Nassim Taleb Not checkable 2009 The system used to analyze risk is completely defective, Nassim Taleb · Not checkable · 2009
Not checkable Nassim Taleb Not checkable 2009 We’re talking about someone who goes into the jungle without a map. He’s going to get lost. Nassim Taleb · Not checkable · 2009
Not checkable Jeremy Grantham Not checkable 2009 is pure short-term silliness. Jeremy Grantham · Not checkable · 2009
Not checkable Jeremy Grantham Not checkable 2009 Rational expectations and the efficient market hypothesis are as dead as dodos Jeremy Grantham · Not checkable · 2009
Not checkable Nassim Taleb Not checkable 2009 And if the market moves an extra 5% you lose an extra $10 or $15 billion. Nassim Taleb · Not checkable · 2009
Mostly true Nouriel Roubini Factual 2009 The Fed's philosophy was to not act against asset bubbles on the way up, as hard to identify and dangerous to prick, but to ease aggressively after they burst. Nouriel Roubini · Factual · 2009 Economics and markets
Not checkable Jeremy Grantham Not checkable 2009 Prop trading can easily introduce an aggressive hedge-fund type mentality into the very hearts of what ideally should be conservative… Jeremy Grantham · Not checkable · 2009
Not checkable Nouriel Roubini Not checkable 2009 So it was clear that that was the tipping point for this housing bubble. Nouriel Roubini · Not checkable · 2009
Not checkable Jeremy Grantham Not checkable 2009 At the least we must recognize the improbability of acquiring great leaders and that our financial system must be simple and robust enough… Jeremy Grantham · Not checkable · 2009
Not checkable Jeremy Grantham Not checkable 2009 In effect, the prudent are subsidizing the very same banks that insisted on dancing off the cliff into Uncle Sam’s arms Jeremy Grantham · Not checkable · 2009
Not checkable Jeremy Grantham Not checkable 2009 We believed from the start that this market rally and any outperformance of risk would have very little to do with any dividend discount… Jeremy Grantham · Not checkable · 2009
Not checkable Nassim Taleb Not checkable 2009 I described the way it happened, I described the mistakes, and I see all these people explaining it backwards. Nassim Taleb · Not checkable · 2009
Not checkable Jeremy Grantham Not checkable 2009 No captain is ever rewarded for merely delivering his passengers alive. Jeremy Grantham · Not checkable · 2009
Not checkable Nassim Taleb Not checkable 2009 What happens is that the number psychologically makes you feel confident. It’s kind of like a seatbelt on a plane. It doesn’t do anything. Nassim Taleb · Not checkable · 2009
Not checkable Jeremy Grantham Not checkable 2009 Given my thesis of a world in denial, though, I must say it’s a delicious irony. Jeremy Grantham · Not checkable · 2009
Not checkable Jeremy Grantham Not checkable 2009 Rewarding Bernanke is like reappointing the Titanic’s captain for facilitating an orderly disembarkation of the sinking ship Jeremy Grantham · Not checkable · 2009
Not checkable Nouriel Roubini Not checkable 2009 So there is worries that now we’re going to create another bubble after having been a serial bubble blower for twenty years now. Nouriel Roubini · Not checkable · 2009
Not checkable Jeremy Grantham Not checkable 2009 It is obvious to most that there was a more or less complete failure of our private financial system and its public overseers. Jeremy Grantham · Not checkable · 2009
Mostly true Nouriel Roubini Factual 2009 After the 1987 stock market crash the Fed eased aggressively, giving the impression it would rescue markets, leading to talk of a 'Greenspan put'. Nouriel Roubini · Factual · 2009 Economics and markets
Not checkable Jeremy Grantham Not checkable 2009 How can Greenspan, with his long-established record of failure as a professional economist, have resurfaced as the Fed boss? Jeremy Grantham · Not checkable · 2009
Mostly true Nouriel Roubini Factual 2009 In 2006 people were sceptical of Roubini's predictions, talking instead of high growth, a Goldilocks economy and a gently deflating minor housing bubble. Nouriel Roubini · Factual · 2009 Their own work or organisation
Not checkable Nassim Taleb Not checkable 2009 Banks are gambling with society’s money, funds are gambling with investors’ money — it’s one layer better. Nassim Taleb · Not checkable · 2009
Not checkable Nassim Taleb Not checkable 2009 a lot of portfolios are based on these underestimations of wild uncertainty. Nassim Taleb · Not checkable · 2009
Not checkable Jeremy Grantham Not checkable 2009 Please read John Kay in the Financial Times of July 9. It is short and persuasive. Jeremy Grantham · Not checkable · 2009
Not checkable Jeremy Grantham Not checkable 2009 the Titanic I tragedy was a black swan event: utterly unpredictable and completely, emphatically, not caused by any failures of the ship’s… Jeremy Grantham · Not checkable · 2009
Not checkable Jeremy Grantham Not checkable 2009 This is not a good idea unless you derive enormous personal utility from a display of discipline, perhaps better viewed as inflexibility in… Jeremy Grantham · Not checkable · 2009
Mostly true Nouriel Roubini Factual 2009 By mid-2006 US new home production had risen more than speculative demand, housing starts were peaking, new home sales were flattening and price increases were slowing. Nouriel Roubini · Factual · 2009 Economics and markets
Not checkable Jeremy Grantham Not checkable 2009 Clearly, this was a budgeting problem rather than an investment performance problem. Jeremy Grantham · Not checkable · 2009
Not checkable Nouriel Roubini Not checkable 2009 once a bubble goes into reverse and demand falls below supply, then prices start to move downward and then there is the unravelling of a… Nouriel Roubini · Not checkable · 2009
Not checkable Jeremy Grantham Not checkable 2009 Value, it must be admitted, is seldom a powerful force in the short term. Jeremy Grantham · Not checkable · 2009
Not checkable Nassim Taleb Not checkable 2009 I believe finance is largely a scam, and I don’t want to be associated with that profession. Nassim Taleb · Not checkable · 2009
Mostly true Nassim Taleb Factual 2009 Taleb said the only important thing was that he had protected his clients. Nassim Taleb · Factual · 2009 Their own work or organisation
Not checkable Nassim Taleb Not checkable 2009 I don’t read the papers, I stopped reading the papers. Nassim Taleb · Not checkable · 2009
Not checkable Jeremy Grantham Not checkable 2009 My theory is that the market always displayed a belief in a type of primitive market efficiency decades before the academics took it up. Jeremy Grantham · Not checkable · 2009
Not checkable Jeremy Grantham Not checkable 2009 The public leadership was inadequate, especially in dealing with unexpected events that often, like the housing bubble breaking, should… Jeremy Grantham · Not checkable · 2009
Not checkable Jeremy Grantham Not checkable 2009 by working to mitigate the pain of the next catastrophe, we allow ourselves to downplay the real causes of the disaster and thereby invite… Jeremy Grantham · Not checkable · 2009
Not checkable Jeremy Grantham Not checkable 2009 We must give ourselves a chance by making the job of dealing with them much, much easier. Jeremy Grantham · Not checkable · 2009
Not checkable Jeremy Grantham Not checkable 2009 Now he finally gets it. Too late! Jeremy Grantham · Not checkable · 2009
Not checkable Jeremy Grantham Not checkable 2009 Now we have to decide how much more decision-making power to give to the Fed – an institution with a 25-year proven record of failure. Jeremy Grantham · Not checkable · 2009
Not checkable Nassim Taleb Not checkable 29 Oct 2008 In a normal ecology, banks go bankrupt every day. Nassim Taleb · Not checkable · 29 Oct 2008
Not checkable Nassim Taleb Not checkable 29 Oct 2008 The banking system doesn’t have that slack. Nassim Taleb · Not checkable · 29 Oct 2008
Not checkable Nassim Taleb Not checkable 29 Oct 2008 Every bank becomes the same bank so they can all go bust together. Nassim Taleb · Not checkable · 29 Oct 2008
Not checkable Nassim Taleb Not checkable 29 Oct 2008 Complex systems don’t allow for slack and everybody protects that system. Nassim Taleb · Not checkable · 29 Oct 2008
Not checkable Nassim Taleb Not checkable 29 Oct 2008 But in a complex system there is a tendency to cluster around powerful units. Nassim Taleb · Not checkable · 29 Oct 2008
Not checkable Nassim Taleb Not checkable 29 Oct 2008 You find peace by coming to terms with what you don’t know. Nassim Taleb · Not checkable · 29 Oct 2008
Not checkable Vinod Khosla Not checkable 21 Oct 2008 So absolutely, we should have signed up at Kyoto. Vinod Khosla · Not checkable · 21 Oct 2008
Not checkable Vinod Khosla Not checkable 21 Oct 2008 The technology to replace the internal combustion engine is hard. Vinod Khosla · Not checkable · 21 Oct 2008
Not checkable Vinod Khosla Not checkable 21 Oct 2008 I don't know today whether ethanol or butanol or cellulosic diesel or cellulosic gasoline will be better. Vinod Khosla · Not checkable · 21 Oct 2008
Not checkable Vinod Khosla Not checkable 21 Oct 2008 Going after the technologies that do 5 percent or 10 percent or even 20 percent I believe is the wrong approach. Vinod Khosla · Not checkable · 21 Oct 2008
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Jeremy Grantham

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“by working to mitigate the pain of the next catastrophe, we allow ourselves to downplay the real causes of the disaster and thereby invite another one.”

Jeremy Grantham 2009 Jeremy Grantham GMO letter 3Q 2009: Just Desserts and Markets Being Silly Again (Scribd)

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by working to mitigate the pain of the next catastrophe, we allow ourselves to downplay the real causes of the disaster and thereby invite…

Not checkable An opinion, value judgement or statement with nothing to check.

Cite this claim

Jeremy Grantham, “by working to mitigate the pain of the next catastrophe, we allow ourselves to downplay the real causes of the disaster and thereby invite…” (said 2009). Verdict: not checkable. Reliability API, claim c_fa3a7e7196be, method 0.1.0+28da144b. https://epistacklabs.com/claims/c_fa3a7e7196be

Verdicts are made automatically; how verdicts and scores are made. The same data is on Hugging Face under CC BY 4.0.