Asset Pricing Quotes

“Excess liquidity is the leading source of all bubbles.”
― Naved Abdali

“When enough people believe that prices will keep rising forever, a bubble starts.”
― Naved Abdali

“When an economy or market is flushed with excess liquidity, people start to invest in unrealistic possibilities.”
― Naved Abdali

“If the buyers believe that they can sell assets to other buyers at a higher price, then the purchase price becomes irrelevant.”
― Naved Abdali

“In a rising price environment, people tend to throw analysis of risks out of the window. In their mind, the only possible risk is not to join the party.”
― Naved Abdali