Asia Quote by Myron Scholes
“The experience of the '90s, whether it's the '94 peso crisis or the '97 crisis in Asia, the '98 crisis, even the 2001 crisis, is that we recovered pretty readily. There wasn't great consequence.”
About This Quote
Source Speech: Economic Forum, 2002
Historical financial crises have shown that economies can bounce back quickly, indicating resilience but also potential complacency.
In simple terms: Crises often recover fast, limiting lasting impact.
Recognize hidden risks despite quick recoveries.
Themes
Mood
Type
When to use this quote
- investment strategy
- government regulation
- financial planning
- risk assessment
Key Concepts
Questions to Reflect On
- Are we underestimating long‑term effects of crises?
- How can policy address hidden systemic risks?
Rapid recovery can mask deeper vulnerabilities.