Greenspan's famous sayings

1. If you feel that I understand what I said, then you must have misunderstood what I meant.

2. I made a mistake, assuming that institutions such as self-interested banks have the will and ability to protect their investors, the assets of banks and the survival of banks.

3. It is important to note here that the conceptually important reminder is that we live in a new economy and involve knowledge of human psychology. The enthusiasm and fear that our ancestors have experienced is one in every respect. The land is reflected in this generation of people who are actively involved in the US economy. People will predict the consequences of their actions before taking any action. If the future is difficult to predict and the prospects are uncertain, people will stop, do something, and give up their original promises.

4. Of course, the risk tolerance varies from person to person, but I don't think there is any difference in the price of today's market compared to the same century or earlier. The way we assess property, the way people change their values ​​affects our economy, and the rules are exactly the same as those experienced by our ancestors.

5. The United States has experienced a financial crisis. In fact, I feel that it is a good thing for the United States and China. The market has an invisible hand that can pull the derailed economy back. Many people think that the United States will become more conservative through this financial crisis and give up pursuing financial innovation. I don't think it is right. Any innovation will take risks and pay a high price. The U.S. economy can develop to this day, mainly because every period of time will emerge as a promoter of the US economy.

6. If you want to use the money within 3 years, don't invest it in the securities market.

7. The monthly payment for instalments cannot exceed 50% of income.

8. Find a good financial partner.

9. To invest regularly and systematically.

10. Humanity itself has led to panic in the down market and greed in the market. The overreaction panic is precisely due to human nature.