--- title: "Meaning & Key Takeaway of: Every time I get accustomed to low…" description: "\"Every time I get accustomed to low volatility, like we were towards the end of the Greenspan era, and we think we have all the levers under the control..." image: "https://sms4smile.com/quotes/i/2a5/lloyd-blankfein-12181_control_every-time-i-get-accustomed-to-low-volat_2914363.png" --- # Every time I get accustomed to low volatility, like we… ![“Every time I get accustomed to low volatility, like we were towards the end of the Greenspan era, and we think we have all the levers under the control... something erupts to remind us that the idea that anybody is in control of everything is hubris.” quote by Lloyd Blankfein](https://sms4smile.com/quotes/i/2a5/lloyd-blankfein-12181_control_every-time-i-get-accustomed-to-low-volat_2914363.png) [Download](https://sms4smile.com/quotes/i/2a5/lloyd-blankfein-12181_control_every-time-i-get-accustomed-to-low-volat_2914363.png) [Open image](https://sms4smile.com/quotes/i/2a5/lloyd-blankfein-12181_control_every-time-i-get-accustomed-to-low-volat_2914363.png) > “Every time I get accustomed to low volatility, like we were towards the end of the Greenspan era, and we think we have all the levers under the control... something erupts to remind us that the idea that anybody is in control of everything is hubris.” [Lloyd Blankfein](https://sms4smile.com/quotes/author/lloyd-blankfein/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Assuming stability in markets leads to complacency; unexpected shocks reveal the limits of control. **In simple terms:** Thinking markets are stable is dangerous. Key Takeaway Stay vigilant and adaptable. Themes risk complacency market volatility Mood cautious reflective Type analytical instructive When to use this quote - investment strategy - policy making - economic forecasting - business planning Key Concepts systemic risk hubris uncertainty Questions to Reflect On - How do you prepare for unforeseen market shifts? - What checks prevent hubris in decision making? A Different Perspective Overconfidence can cause missed warning signs, making crises harder to manage. ★ ★ ★ ★ ★ No ratings yet [Control](https://sms4smile.com/quotes/about/control/) [Hubris](https://sms4smile.com/quotes/about/hubris/) [Time](https://sms4smile.com/quotes/about/time/) [Volatility](https://sms4smile.com/quotes/about/volatility/) ## Related quotes > [Outperforming the market with low volatility on a consistent basis is an impossibility. I outperformed the market for 30-odd years, but not with low…](https://sms4smile.com/quotes/george-soros/outperforming-the-market-with-low-volatility-on-a-consistent-basis-is/) [George Soros](https://sms4smile.com/quotes/author/george-soros/) > [Low-volatility funds, which tend to smooth out performance, have been especially popular since the financial crisis. The PowerShares S&P 500 Low Volatility Fund is…](https://sms4smile.com/quotes/james-b-stewart/low-volatility-funds-which-tend-to-smooth-out-performance-have-been/) [James B. 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They're not buying because…](https://sms4smile.com/quotes/jeremy-grantham/volatility-is-a-symptom-that-people-have-no-idea-of-the-underlying/) [Jeremy Grantham](https://sms4smile.com/quotes/author/jeremy-grantham/) > [With volatility, you have the potential for greater gains but also greater losses.](https://sms4smile.com/quotes/edmund-moy/with-volatility-you-have-the-potential-for-greater-gains-but-also/) Edmund Moy > [Accounting does not make corporate earnings or balance sheets more volatile. Accounting just increases the transparency of volatility in earnings.](https://sms4smile.com/quotes/diane-garnick/accounting-does-not-make-corporate-earnings-or-balance-sheets-more/) Diane Garnick > [When a long-term trend loses it’s momentum, short-term volatility tends to rise. 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What I have done is petitioned the Central Electricity Regulatory Commission and…](https://sms4smile.com/quotes/jyotiraditya-madhavrao-scindia/electricity-transmission-operates-on-a-frequency-between-49-7-hertz/) [Jyotiraditya Madhavrao Scindia](https://sms4smile.com/quotes/author/jyotiraditya-madhavrao-scindia/) ## More by Lloyd Blankfein > [Ambition is your inner voice that tells you, you can, and should, strive to go beyond your circumstances or situation in life.](https://sms4smile.com/quotes/lloyd-blankfein/ambition-is-your-inner-voice-that-tells-you-you-can-and-should-strive/) [Lloyd Blankfein](https://sms4smile.com/quotes/author/lloyd-blankfein/) > [I'd say if you wanted to forestall bad events, the best thing to do is anticipate them and try to correct them before they…](https://sms4smile.com/quotes/lloyd-blankfein/i-d-say-if-you-wanted-to-forestall-bad-events-the-best-thing-to-do-is/) [Lloyd Blankfein](https://sms4smile.com/quotes/author/lloyd-blankfein/) > [Companies that grow create wealth. This, in turn, allows people to have jobs that create more growth and more wealth. It's a virtuous cycle.](https://sms4smile.com/quotes/lloyd-blankfein/companies-that-grow-create-wealth-this-in-turn-allows-people-to-have/) [Lloyd Blankfein](https://sms4smile.com/quotes/author/lloyd-blankfein/) > [I am specifically concerned about the idea that the legislative process is one that gets characterized the way it is as the 'fiscal cliff.'…](https://sms4smile.com/quotes/lloyd-blankfein/i-am-specifically-concerned-about-the-idea-that-the-legislative/) [Lloyd Blankfein](https://sms4smile.com/quotes/author/lloyd-blankfein/) > [At the end of the day, it's not a normal condition to have interest rates at zero.](https://sms4smile.com/quotes/lloyd-blankfein/at-the-end-of-the-day-it-s-not-a-normal-condition-to-have-interest/) [Lloyd Blankfein](https://sms4smile.com/quotes/author/lloyd-blankfein/) > [As CEO of a big company, I have to be a kind of a champion of the interests of our people as insofar as…](https://sms4smile.com/quotes/lloyd-blankfein/as-ceo-of-a-big-company-i-have-to-be-a-kind-of-a-champion-of-the/) [Lloyd Blankfein](https://sms4smile.com/quotes/author/lloyd-blankfein/) > [Mysterious can be cool, if you're in Hollywood and everyone's happy. 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The number three, number five, number 400 player gets…](https://sms4smile.com/quotes/lloyd-blankfein/if-you-do-something-really-well-the-entire-world-beats-a-path-to-your/) [Lloyd Blankfein](https://sms4smile.com/quotes/author/lloyd-blankfein/) > [You can look at history of these things, and Social Security wasn't devised to be a system that supported you for a 30-year retirement…](https://sms4smile.com/quotes/lloyd-blankfein/you-can-look-at-history-of-these-things-and-social-security-wasn-t/) [Lloyd Blankfein](https://sms4smile.com/quotes/author/lloyd-blankfein/) > [Maybe bitcoin is a kind of a bubble. I don't like it. I'm not comfortable with it. I'm kind of an old dog to…](https://sms4smile.com/quotes/lloyd-blankfein/maybe-bitcoin-is-a-kind-of-a-bubble-i-don-t-like-it-i-m-not/) [Lloyd Blankfein](https://sms4smile.com/quotes/author/lloyd-blankfein/) > [The U.S. is not pure capitalism. In fact, there's no place for pure capitalism, unregulated capitalism. We have a regulated system.](https://sms4smile.com/quotes/lloyd-blankfein/the-u-s-is-not-pure-capitalism-in-fact-there-s-no-place-for-pure/) [Lloyd Blankfein](https://sms4smile.com/quotes/author/lloyd-blankfein/) > [There is a tradition in America of people in business not only commenting on the way the government is being run but doing something…](https://sms4smile.com/quotes/lloyd-blankfein/there-is-a-tradition-in-america-of-people-in-business-not-only/) [Lloyd Blankfein](https://sms4smile.com/quotes/author/lloyd-blankfein/) > [To the extent I bloomed, I'm a late bloomer.](https://sms4smile.com/quotes/lloyd-blankfein/to-the-extent-i-bloomed-i-m-a-late-bloomer/) [Lloyd Blankfein](https://sms4smile.com/quotes/author/lloyd-blankfein/) [Explore all 56 Lloyd Blankfein quotes ](https://sms4smile.com/quotes/author/lloyd-blankfein/) ## More Control quotes > [We have to get control of our borders.](https://sms4smile.com/quotes/mike-coffman/we-have-to-get-control-of-our-borders/) [Mike Coffman](https://sms4smile.com/quotes/author/mike-coffman/) > [Grit and self-control are related, but they're not the same thing.](https://sms4smile.com/quotes/angela-duckworth/grit-and-self-control-are-related-but-they-re-not-the-same-thing/) [Angela Duckworth](https://sms4smile.com/quotes/author/angela-duckworth/) > [“You can't control who loves you...you can't let someone love you anymore than you can make someone love you”](https://sms4smile.com/quotes/amy-harmon/you-can-t-control-who-loves-you-you-can-t-let-someone-love-you/) [Amy Harmon](https://sms4smile.com/quotes/author/amy-harmon/) > [I thought I fought a really good Orlando Salido. I never let him get into his fight. I knew what I needed to do…](https://sms4smile.com/quotes/mikey-garcia/i-thought-i-fought-a-really-good-orlando-salido-i-never-let-him-get/) [Mikey Garcia](https://sms4smile.com/quotes/author/mikey-garcia/) > [Don't think you can...know you can! You human body is the most impressive tool you'll ever own. Even if you can't control everything, you…](https://sms4smile.com/quotes/jeff-hardy/don-t-think-you-can-know-you-can-you-human-body-is-the-most/) [Jeff Hardy](https://sms4smile.com/quotes/author/jeff-hardy/) > [If you have everything under control, you're not moving fast enough.](https://sms4smile.com/quotes/mario-andretti/if-you-have-everything-under-control-you-re-not-moving-fast-enough/) [Mario Andretti](https://sms4smile.com/quotes/author/mario-andretti/) > [“Without time management, you lose control of your life and do what other people tell you to do. 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But when God makes it known to you that you're not the one steering…](https://sms4smile.com/quotes/yasmin-mogahed/many-of-us-rely-on-our-own-illusion-of-control-but-when-god-makes-it/) [Yasmin Mogahed](https://sms4smile.com/quotes/author/yasmin-mogahed/) > [In Congress, Florida Republicans worked with the Trump administration to secure funding for coastal restoration projects following the devastating impacts of Hurricanes Irma and…](https://sms4smile.com/quotes/michael-waltz/in-congress-florida-republicans-worked-with-the-trump-administration/) [Michael Waltz](https://sms4smile.com/quotes/author/michael-waltz/) > [“He who can destroy a thing has the real control of it.”](https://sms4smile.com/quotes/frank-herbert/he-who-can-destroy-a-thing-has-the-real-control-of-it/) [Frank Herbert](https://sms4smile.com/quotes/author/frank-herbert/) > [Sometimes you have to laugh to keep from crying or getting overly angry or to maintain control.](https://sms4smile.com/quotes/dennis-haysbert/sometimes-you-have-to-laugh-to-keep-from-crying-or-getting-overly/) [Dennis Haysbert](https://sms4smile.com/quotes/author/dennis-haysbert/) > [My sister-in-law works for a group that supports orphanages in Cairo. 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Burroughs](https://sms4smile.com/quotes/author/william-s-burroughs/) [Browse all 6,032 Control quotes ](https://sms4smile.com/quotes/about/control/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "Every time I get accustomed to low volatility, like we were towards the end of the Greenspan era, and we think we have all the levers under the control... something erupts to remind us that the idea that anybody is in control of everything is hubris.", "creator": { "@type": "Person", "name": "Lloyd Blankfein" }, "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "url": "https://sms4smile.com/quotes/lloyd-blankfein/every-time-i-get-accustomed-to-low-volatility-like-we-were-towards/", "about": { "@type": "Thing", "name": "Control" }, "@id": "https://sms4smile.com/quotes/lloyd-blankfein/every-time-i-get-accustomed-to-low-volatility-like-we-were-towards/#quotation", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/2a5/lloyd-blankfein-12181_control_every-time-i-get-accustomed-to-low-volat_2914363.png", "contentUrl": "https://sms4smile.com/quotes/i/2a5/lloyd-blankfein-12181_control_every-time-i-get-accustomed-to-low-volat_2914363.png", "url": "https://sms4smile.com/quotes/i/2a5/lloyd-blankfein-12181_control_every-time-i-get-accustomed-to-low-volat_2914363.png", "width": 1080, "height": 1080, "caption": "“Every time I get accustomed to low volatility, like we were towards the end of the Greenspan era, and we…” — Lloyd Blankfein", "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": "Lloyd Blankfein", "item": "https://sms4smile.com/quotes/author/lloyd-blankfein/" }, { "@type": "ListItem", "position": 4, "name": "Every time I get accustomed to...", "item": "https://sms4smile.com/quotes/lloyd-blankfein/every-time-i-get-accustomed-to-low-volatility-like-we-were-towards/" } ], "@id": "https://sms4smile.com/quotes/lloyd-blankfein/every-time-i-get-accustomed-to-low-volatility-like-we-were-towards/#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 } } ] } ```