John Mauldin > Quotes

“The purpose of school, Zimbardo notes, is to turn present-oriented little beasts into responsible future-oriented children.”
― John Mauldin, Endgame: The End of the Debt SuperCycle and How It Changes Everything

“If I seem unduly clear to you, you must have misunderstood what I said.”
― John Mauldin, Code Red: How to Protect Your Savings From the Coming Crisis

“China is now Asia’s least equal society with 1% of the population controlling more than a third of the country’s wealth, most of which is tied up in property. Alarmingly, China’s property vacancy rate is estimated to be 22%, suggesting that 49m homes are sitting empty and have been bought by wealthy speculators. That equates to around 30% of all apartments sold in the past decade. How long can the bubble continue given such a large number of empty and expensive apartments?”
― John Mauldin, A Great Leap Forward?: Making Sense of China’s Cooling Credit Boom, Technological Transformation, High Stakes Rebalancing, Geopolitical Rise, & Reserve Currency Dream

“We think people can spend 35–40 years working and saving, then stop working and go on for another 20–30–40 years at the same comfort level – but with a growing percentage of retirees and a shrinking number of workers paying into the system. I’m sorry, but that’s magical thinking.”
― John Mauldin

“people on average prefer to bet on their own judgment over an equally probable chance event when they consider themselves competent about the event being judged.”
― John Mauldin, Code Red: How to Protect Your Savings From the Coming Crisis