--- title: "Meaning & Key Takeaway of: Excerpt from page 113 [On Malaysia's…" description: "\"“Excerpt from page 113 [On Malaysia's Prime Minster's anti-capitalism and anti-globalization policies in September 1997] \"Ah, excuse me, Mahathir, but ..." image: "https://sms4smile.com/quotes/i/30f/anonymous-1_bond-market_excerpt-from-page-113-on-malaysia-s-prim_2842159.jpg" --- # Excerpt from page 113 \[On Malaysia's Prime Minster's… ![“Excerpt from page 113 [On Malaysia's Prime Minster's anti-capitalism and anti-globalization policies in September 1997] "Ah, excuse me, Mahathir, but what planet are you living on? You talk about participating in globalization as if it were a choice you had. Globalization isn't a choice. It's a…” quote by Anonymous](https://sms4smile.com/quotes/i/30f/anonymous-1_bond-market_excerpt-from-page-113-on-malaysia-s-prim_2842159.jpg) [Download](https://sms4smile.com/quotes/i/30f/anonymous-1_bond-market_excerpt-from-page-113-on-malaysia-s-prim_2842159.jpg) [Open image](https://sms4smile.com/quotes/i/30f/anonymous-1_bond-market_excerpt-from-page-113-on-malaysia-s-prim_2842159.jpg) > ““Excerpt from page 113 \[On Malaysia's Prime Minster's anti-capitalism and anti-globalization policies in September 1997\] "Ah, excuse me, Mahathir, but what planet are you living on? You talk about participating in globalization as if it were a choice you had. Globalization isn't a choice. It's a reality. There is just one global market today, and the only way you can grown at the speed your people want to grow is by tapping into the global stock and bond markets, by seeking out multinationals to invest in your country and by selling into the global trading systems what your factories produce. And the most basic truth about globalization is: No one is in charge. You keep looking for someone to complain to, someone to take the heat off your markets, someone to blame. Well, guess what, Mahathir, there's no one on the other end of the phone!" "The Electronic Heard cuts no one any slack... The herd is not infallible. It makes mistakes too. It overreacts and it overshoots. But if your fundamentals are basically sound, the herd will eventually recognize this and come back. They herd is never stupid for too long. In the end, it always responds to good governance and good economic management.”” [Anonymous](https://sms4smile.com/quotes/author/anonymous/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Globalization is inevitable; blaming others is futile; sound fundamentals eventually win. **In simple terms:** Globalization is inevitable; fundamentals matter. Key Takeaway Focus on solid policies, not blame. Themes economics globalization leadership accountability Mood critical analytical Type political economic When to use this quote - government policy - investment strategy - public discourse Key Concepts market dynamics policy making economic theory Questions to Reflect On - What responsibilities do leaders have? - How can societies protect vulnerable groups? A Different Perspective Overlooks social costs of globalization. ★ ★ ★ ★ ★ No ratings yet [Bond market](https://sms4smile.com/quotes/about/bond-market/) [Capitalism](https://sms4smile.com/quotes/about/capitalism/) [Global market](https://sms4smile.com/quotes/about/global-market/) [Globalization](https://sms4smile.com/quotes/about/globalization/) [Governance](https://sms4smile.com/quotes/about/governance/) [Macroeconomics](https://sms4smile.com/quotes/about/macroeconomics/) ## Related quotes > [“In combination, these political and economic forces suggest that globalization, at least of the post-Columbus kind, is simply not inevitable. In this book –…](https://sms4smile.com/quotes/stephen-d-king/in-combination-these-political-and-economic-forces-suggest-that/) [Stephen D. King](https://sms4smile.com/quotes/author/stephen-d-king/) > [I really believe in a globalist agenda, but globalization isn't just allowing companies to trade freely all over the world. It's about what types…](https://sms4smile.com/quotes/noreena-hertz/i-really-believe-in-a-globalist-agenda-but-globalization-isn-t-just/) [Noreena Hertz](https://sms4smile.com/quotes/author/noreena-hertz/) > [“Bond market investors are a downbeat lot. They live in an asymmetric world because bonds can go down much more than they can go…](https://sms4smile.com/quotes/anonymous/bond-market-investors-are-a-downbeat-lot-they-live-in-an-asymmetric/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [I think the whole progress over the last two or three millennia has been entirely dependent on ideas and techniques and commodities and people…](https://sms4smile.com/quotes/amartya-sen/i-think-the-whole-progress-over-the-last-two-or-three-millennia-has/) [Amartya Sen](https://sms4smile.com/quotes/author/amartya-sen/) > [Even though I’m pro-globalization, I have to say thank God for the anti-globalization movement. They’re putting important issues on the agenda.](https://sms4smile.com/quotes/amartya-sen/even-though-i-m-pro-globalization-i-have-to-say-thank-god-for-the/) [Amartya Sen](https://sms4smile.com/quotes/author/amartya-sen/) > [The anti-globalization movement is one of the biggest globalized events of the contemporary world, people coming from everywhere, —Australia, Indonesia, Britain, India, Poland, Germany,…](https://sms4smile.com/quotes/amartya-sen/the-anti-globalization-movement-is-one-of-the-biggest-globalized/) [Amartya Sen](https://sms4smile.com/quotes/author/amartya-sen/) > [The themes that the anti-globalization protesters bring to the discussion are of extraordinary importance. However, the theses that they often bring to it, sometimes…](https://sms4smile.com/quotes/amartya-sen/the-themes-that-the-anti-globalization-protesters-bring-to-the/) [Amartya Sen](https://sms4smile.com/quotes/author/amartya-sen/) > [Talking about 'stopping globalization' is unrealistic - and probably not what anti-globalization protesters actually want.](https://sms4smile.com/quotes/ethan-zuckerman/talking-about-stopping-globalization-is-unrealistic-and-probably-not/) [Ethan Zuckerman](https://sms4smile.com/quotes/author/ethan-zuckerman/) > [Globalization and the neoliberal economic model have already been rejected in Latin America; it simply hasn't been a solution for our people. At the…](https://sms4smile.com/quotes/evo-morales/globalization-and-the-neoliberal-economic-model-have-already-been/) [Evo Morales](https://sms4smile.com/quotes/author/evo-morales/) > [“In sum, the most commonly used stock and bond market benchmark indexes cause economic harm, distort pricing information, and cause financial behaviours that are…](https://sms4smile.com/quotes/wayne-visser/in-sum-the-most-commonly-used-stock-and-bond-market-benchmark-indexes/) [Wayne Visser](https://sms4smile.com/quotes/author/wayne-visser/) > [Never try to time the bond market. Anyone who claims to know the future of interest rates is certifiable.](https://sms4smile.com/quotes/jane-bryant-quinn/never-try-to-time-the-bond-market-anyone-who-claims-to-know-the/) [Jane Bryant Quinn](https://sms4smile.com/quotes/author/jane-bryant-quinn/) > [“The creation of the mortgage bond market, a decade earlier, had extended Wall Street into a place it had never before been: the debts…](https://sms4smile.com/quotes/michael-lewis/the-creation-of-the-mortgage-bond-market-a-decade-earlier-had/) [Michael Lewis](https://sms4smile.com/quotes/author/michael-lewis/) > [The bond market is debating with itself what the intent of the Fed is. I don't think the Fed has a multi-step process. They…](https://sms4smile.com/quotes/paul-mcculley/the-bond-market-is-debating-with-itself-what-the-intent-of-the-fed-is/) [Paul McCulley](https://sms4smile.com/quotes/author/paul-mcculley/) > [The ECB's interventions in sovereign bond markets should not be perceived or interpreted as a 'freebie' for governments. They are temporary.](https://sms4smile.com/quotes/lucas-papademos/the-ecb-s-interventions-in-sovereign-bond-markets-should-not-be/) [Lucas Papademos](https://sms4smile.com/quotes/author/lucas-papademos/) > [I think if you go beyond a year - if this continues into the system in the out years, I think there is a…](https://sms4smile.com/quotes/franklin-raines/i-think-if-you-go-beyond-a-year-if-this-continues-into-the-system-in/) [Franklin Raines](https://sms4smile.com/quotes/author/franklin-raines/) ## More by Anonymous > [And a tear rolled down her cheek, as she said goodbye; because she's walking away, and she's never looking back](https://sms4smile.com/quotes/anonymous/and-a-tear-rolled-down-her-cheek-as-she-said-goodbye-because-she-s/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [Life is full of change. That's how we learn and grow.](https://sms4smile.com/quotes/anonymous/life-is-full-of-change-that-s-how-we-learn-and-grow/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [You'll seldom experience regret for anything that you've done. It is what you haven't done that will torment you. The message, therefore, is clear.…](https://sms4smile.com/quotes/anonymous/you-ll-seldom-experience-regret-for-anything-that-you-ve-done-it-is/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [Scrabble - The game is available in Braille. That’s a nice fact. This makes me feel better about humanity for some reason. I can’t…](https://sms4smile.com/quotes/anonymous/scrabble-the-game-is-available-in-braille-that-s-a-nice-fact-this/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [Everyone needs someone to love, and I choose you.](https://sms4smile.com/quotes/anonymous/everyone-needs-someone-to-love-and-i-choose-you/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [“THIS tale of my sore-troubled life I write,    To thank the God of nature, who conveyed    My soul to me, and with such care…](https://sms4smile.com/quotes/anonymous/this-tale-of-my-sore-troubled-life-i-write-to-thank-the-god-of-nature/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [Put on my J's and dance the whole night away Im naughty by nature like Im hip-hop hooray With my hands in the sky,…](https://sms4smile.com/quotes/anonymous/put-on-my-j-s-and-dance-the-whole-night-away-im-naughty-by-nature/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [Me.. I have been through a lot, but I still manage to have a smile on my face. Im not worried about the past…](https://sms4smile.com/quotes/anonymous/me-i-have-been-through-a-lot-but-i-still-manage-to-have-a-smile-on-my/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [Distance is a test of love. many will fail for those who can't withstand it, but for those who can, theres only one answer…](https://sms4smile.com/quotes/anonymous/distance-is-a-test-of-love-many-will-fail-for-those-who-can-t/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [Im sorry I ever tried...](https://sms4smile.com/quotes/anonymous/im-sorry-i-ever-tried/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [Being betrayed by the one you love is the worst feeling in the world...](https://sms4smile.com/quotes/anonymous/being-betrayed-by-the-one-you-love-is-the-worst-feeling-in-the-world/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [Let children support their parents or be imprisoned.](https://sms4smile.com/quotes/anonymous/let-children-support-their-parents-or-be-imprisoned/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [The only person I've ever purposely caused pain here is myself...By simply sharing, caring too much.](https://sms4smile.com/quotes/anonymous/the-only-person-i-ve-ever-purposely-caused-pain-here-is-myself-by/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [“Start a business, not a startup”](https://sms4smile.com/quotes/anonymous/start-a-business-not-a-startup/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [The truth is, of course, that the curtness of the Ten Commandments is an evidence, not of the gloom and narrowness of a religion,…](https://sms4smile.com/quotes/anonymous/the-truth-is-of-course-that-the-curtness-of-the-ten-commandments-is/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) [Explore all 162,899 Anonymous quotes ](https://sms4smile.com/quotes/author/anonymous/) ## More Bond market quotes > [The ECB's interventions in sovereign bond markets should not be perceived or interpreted as a 'freebie' for governments. They are temporary.](https://sms4smile.com/quotes/lucas-papademos/the-ecb-s-interventions-in-sovereign-bond-markets-should-not-be/) [Lucas Papademos](https://sms4smile.com/quotes/author/lucas-papademos/) > [The bond market is debating with itself what the intent of the Fed is. I don't think the Fed has a multi-step process. They…](https://sms4smile.com/quotes/paul-mcculley/the-bond-market-is-debating-with-itself-what-the-intent-of-the-fed-is/) [Paul McCulley](https://sms4smile.com/quotes/author/paul-mcculley/) > [“The creation of the mortgage bond market, a decade earlier, had extended Wall Street into a place it had never before been: the debts…](https://sms4smile.com/quotes/michael-lewis/the-creation-of-the-mortgage-bond-market-a-decade-earlier-had/) [Michael Lewis](https://sms4smile.com/quotes/author/michael-lewis/) > [Never try to time the bond market. Anyone who claims to know the future of interest rates is certifiable.](https://sms4smile.com/quotes/jane-bryant-quinn/never-try-to-time-the-bond-market-anyone-who-claims-to-know-the/) [Jane Bryant Quinn](https://sms4smile.com/quotes/author/jane-bryant-quinn/) > [I think if you go beyond a year - if this continues into the system in the out years, I think there is a…](https://sms4smile.com/quotes/franklin-raines/i-think-if-you-go-beyond-a-year-if-this-continues-into-the-system-in/) [Franklin Raines](https://sms4smile.com/quotes/author/franklin-raines/) > [“In sum, the most commonly used stock and bond market benchmark indexes cause economic harm, distort pricing information, and cause financial behaviours that are…](https://sms4smile.com/quotes/wayne-visser/in-sum-the-most-commonly-used-stock-and-bond-market-benchmark-indexes/) [Wayne Visser](https://sms4smile.com/quotes/author/wayne-visser/) > [The best time to make deficit reduction a priority is when the inflation rate and the bond market give you some indication that you…](https://sms4smile.com/quotes/ross-douthat/the-best-time-to-make-deficit-reduction-a-priority-is-when-the/) [Ross Douthat](https://sms4smile.com/quotes/author/ross-douthat/) > [The fact that the bond market is rallying today is a plus. If this ends up being a bear market, it will be one…](https://sms4smile.com/quotes/john-manley/the-fact-that-the-bond-market-is-rallying-today-is-a-plus-if-this/) [John Manley](https://sms4smile.com/quotes/author/john-manley/) > [Markets need not be in sync with one another. Simultaneously, the bond market can be priced for sustained tough times, the equity market for…](https://sms4smile.com/quotes/seth-klarman/markets-need-not-be-in-sync-with-one-another-simultaneously-the-bond/) [Seth Klarman](https://sms4smile.com/quotes/author/seth-klarman/) > [I still like TIPS (Treasury inflation-protected securities), and I think a big opportunity is coming in the municipal bond market.](https://sms4smile.com/quotes/wilbur-ross/i-still-like-tips-treasury-inflation-protected-securities-and-i-think/) [Wilbur Ross](https://sms4smile.com/quotes/author/wilbur-ross/) > [The most serious problems lie in the financial sphere, where the economy's debt overhead has grown more rapidly than the 'real' economy's ability to…](https://sms4smile.com/quotes/michael-hudson/the-most-serious-problems-lie-in-the-financial-sphere-where-the/) [Michael Hudson](https://sms4smile.com/quotes/author/michael-hudson/) > [People are putting their money into treasuries because they worry that the risk of putting their money into the bond market, the stock market…](https://sms4smile.com/quotes/michael-hudson/people-are-putting-their-money-into-treasuries-because-they-worry/) [Michael Hudson](https://sms4smile.com/quotes/author/michael-hudson/) > [Starting in the wake of the 2008 GFC (Global Financial Crisis), market observers have warned of a crash in the bond market. Initially, it…](https://sms4smile.com/quotes/max-keiser/starting-in-the-wake-of-the-2008-gfc-global-financial-crisis-market/) [Max Keiser](https://sms4smile.com/quotes/author/max-keiser/) > [If you were to just design the perfect retirement plan, you would own the stock market or you would own the bond market. You…](https://sms4smile.com/quotes/john-c-bogle/if-you-were-to-just-design-the-perfect-retirement-plan-you-would-own/) [John C. Bogle](https://sms4smile.com/quotes/author/john-c-bogle/) > [Manipulating the bond market is so greatly reducing the cost of capital that so far companies have been able to maintain profit margins without…](https://sms4smile.com/quotes/porter-stansberry/manipulating-the-bond-market-is-so-greatly-reducing-the-cost-of/) [Porter Stansberry](https://sms4smile.com/quotes/author/porter-stansberry/) [Browse all 29 Bond market quotes ](https://sms4smile.com/quotes/about/bond-market/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "“Excerpt from page 113 [On Malaysia's Prime Minster's anti-capitalism and anti-globalization policies in September 1997] \"Ah, excuse me, Mahathir, but what planet are you living on? You talk about participating in globalization as if it were a choice you had. Globalization isn't a choice. It's a reality. There is just one global market today, and the only way you can grown at the speed your people want to grow is by tapping into the global stock and bond markets, by seeking out multinationals to invest in your country and by selling into the global trading systems what your factories produce. And the most basic truth about globalization is: No one is in charge. You keep looking for someone to complain to, someone to take the heat off your markets, someone to blame. Well, guess what, Mahathir, there's no one on the other end of the phone!\" \"The Electronic Heard cuts no one any slack... The herd is not infallible. It makes mistakes too. It overreacts and it overshoots. But if your fundamentals are basically sound, the herd will eventually recognize this and come back. They herd is never stupid for too long. In the end, it always responds to good governance and good economic management.”", "creator": { "@type": "Person", "name": "Anonymous" }, "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "url": "https://sms4smile.com/quotes/anonymous/excerpt-from-page-113-on-malaysia-s-prime-minster-s-anti-capitalism/", "about": { "@type": "Thing", "name": "Bond market" }, "@id": "https://sms4smile.com/quotes/anonymous/excerpt-from-page-113-on-malaysia-s-prime-minster-s-anti-capitalism/#quotation", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/30f/anonymous-1_bond-market_excerpt-from-page-113-on-malaysia-s-prim_2842159.jpg", "contentUrl": "https://sms4smile.com/quotes/i/30f/anonymous-1_bond-market_excerpt-from-page-113-on-malaysia-s-prim_2842159.jpg", "url": "https://sms4smile.com/quotes/i/30f/anonymous-1_bond-market_excerpt-from-page-113-on-malaysia-s-prim_2842159.jpg", "width": 1080, "height": 1080, "caption": "“Excerpt from page 113 [On Malaysia's Prime Minster's anti-capitalism and anti-globalization policies in…” — Anonymous", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } }, { "@type": "BreadcrumbList", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://sms4smile.com/" }, { "@type": "ListItem", "position": 2, "name": "Quotes", "item": "https://sms4smile.com/quotes/" }, { "@type": "ListItem", "position": 3, "name": "Anonymous", "item": "https://sms4smile.com/quotes/author/anonymous/" }, { "@type": "ListItem", "position": 4, "name": "“Excerpt from page 113 [On Malaysia's...", "item": "https://sms4smile.com/quotes/anonymous/excerpt-from-page-113-on-malaysia-s-prime-minster-s-anti-capitalism/" } ], "@id": "https://sms4smile.com/quotes/anonymous/excerpt-from-page-113-on-malaysia-s-prime-minster-s-anti-capitalism/#breadcrumb" }, { "@type": "WebSite", "@id": "https://sms4smile.com/quotes/#website", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "publisher": { "@id": "https://sms4smile.com/quotes/#organization" } }, { "@type": "Organization", "@id": "https://sms4smile.com/quotes/#organization", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "logo": { "@type": "ImageObject", "url": "https://sms4smile.com/quotes/wp-content/themes/sq/assets/icons/icon-512.png", "width": 512, "height": 512 } } ] } ```