--- title: "Meaning & Key Takeaway of: The markets in the long run are no doubt…" description: "\"“The markets in the long run are no doubt driven by fundamental economic laws—if the United States runs a persistent trade deficit, the dollar will eve..." image: "https://sms4smile.com/quotes/i/ec7/michael-lewis-705_customer_the-markets-in-the-long-run-are-no-doubt_3091858.jpg" --- # The markets in the long run are no doubt driven by… ![“The markets in the long run are no doubt driven by fundamental economic laws—if the United States runs a persistent trade deficit, the dollar will eventually plummet—but in the short run money flows less rationally. Fear and, to a lesser extent, greed are what make money move.” quote by Michael Lewis](https://sms4smile.com/quotes/i/ec7/michael-lewis-705_customer_the-markets-in-the-long-run-are-no-doubt_3091858.jpg) [Download](https://sms4smile.com/quotes/i/ec7/michael-lewis-705_customer_the-markets-in-the-long-run-are-no-doubt_3091858.jpg) [Open image](https://sms4smile.com/quotes/i/ec7/michael-lewis-705_customer_the-markets-in-the-long-run-are-no-doubt_3091858.jpg) > ““The markets in the long run are no doubt driven by fundamental economic laws—if the United States runs a persistent trade deficit, the dollar will eventually plummet—but in the short run money flows less rationally. Fear and, to a lesser extent, greed are what make money move.”” [Michael Lewis](https://sms4smile.com/quotes/author/michael-lewis/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Explains that short‑term market movements are driven more by emotion—fear and greed—than by fundamental economic principles. **In simple terms:** Short‑term markets are swayed by emotion, not just fundamentals. Key Takeaway Recognize emotional drivers in financial decisions. Themes finance behavioral economics psychology risk Mood cautious analytical Type financial educational When to use this quote - trading strategies - investment planning - risk management - policy analysis Key Concepts emotional bias market dynamics short‑term vs long‑term Questions to Reflect On - How can investors mitigate fear‑driven decisions? - What safeguards reduce greed‑induced market distortions? A Different Perspective Emotional influences can cause irrational bubbles and crashes, undermining rational analysis. ★ ★ ★ ★ ★ No ratings yet [Customer](https://sms4smile.com/quotes/about/customer/) [Deficit Dollar](https://sms4smile.com/quotes/about/deficit-dollar-5319788/) [Dollar Eventually](https://sms4smile.com/quotes/about/dollar-eventually-5319787/) [Economics](https://sms4smile.com/quotes/about/economics/) [Greed](https://sms4smile.com/quotes/about/greed/) [Investing](https://sms4smile.com/quotes/about/investing/) [Investment](https://sms4smile.com/quotes/about/investment/) [Long run](https://sms4smile.com/quotes/about/long-run/) [Markets Long](https://sms4smile.com/quotes/about/markets-long-4093208/) [Money](https://sms4smile.com/quotes/about/money/) [Money Flows](https://sms4smile.com/quotes/about/money-flows-333221/) [Persistent Trade](https://sms4smile.com/quotes/about/persistent-trade-5319786/) [Wall street](https://sms4smile.com/quotes/about/wall-street/) ## Related quotes > [Markets have long been at the centre of communities, not just somewhere to drop in and grab a bag of groceries, but a hub,…](https://sms4smile.com/quotes/john-torode/markets-have-long-been-at-the-centre-of-communities-not-just/) [John Torode](https://sms4smile.com/quotes/author/john-torode/) > [“Making money in the markets is tough. 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