The very nature of finance is that it cannot be profitable unless it is significantly leveraged... and as long as there is debt, there can be failure and contagion.
About This Quote
About Alan Greenspan
Alan Greenspan was a 20th-century American economist and financial advisor. Alan Greenspan is an American economist who served as the 13th chairman of the Federal Reserve from 1987 to 2006. He worked as a private adviser and provided consulting for firms through his company, Greenspan Associates LLC. Read more on Wikipedia →
Themes
- Nature — Appreciation for the natural world and our place within it