Bull market Quote by Kwasi Kwarteng
“The bull market, rising prices, earning lots of money, make it seem as if the good days will never end. When prices are falling and there is a recession, that also feels as though it will last for ever. Politics is the same. People simply can't imagine changing circumstances.”
About This Quote
Source Speech: Economic Outlook, 2022
People struggle to imagine changing economic or political conditions, seeing trends as permanent.
In simple terms: People think good or bad times will last forever.
Accept that circumstances are fluid and adapt.
Themes
Mood
Type
When to use this quote
- financial planning
- policy making
- career decisions
- investment strategy
Key Concepts
Questions to Reflect On
- What biases keep us from seeing change?
- How can we build adaptability?
May underestimate the impact of sudden shocks or resilience.