--- title: "Meaning & Key Takeaway of: Having spent 10 years studying emerging…" description: "\"Having spent 10 years studying emerging markets, I know that you have patterns repeated over and over again. A bubble is like a fire which needs oxygen..." image: "https://sms4smile.com/quotes/i/3b5/nouriel-roubini-15217_again_having-spent-10-years-studying-emerging_2494402.jpg" --- # Having spent 10 years studying emerging markets, I know… ![“Having spent 10 years studying emerging markets, I know that you have patterns repeated over and over again. A bubble is like a fire which needs oxygen to continue... when you see there is no oxygen, things change.” quote by Nouriel Roubini](https://sms4smile.com/quotes/i/3b5/nouriel-roubini-15217_again_having-spent-10-years-studying-emerging_2494402.jpg) [Download](https://sms4smile.com/quotes/i/3b5/nouriel-roubini-15217_again_having-spent-10-years-studying-emerging_2494402.jpg) [Open image](https://sms4smile.com/quotes/i/3b5/nouriel-roubini-15217_again_having-spent-10-years-studying-emerging_2494402.jpg) > “Having spent 10 years studying emerging markets, I know that you have patterns repeated over and over again. A bubble is like a fire which needs oxygen to continue... when you see there is no oxygen, things change.” [Nouriel Roubini](https://sms4smile.com/quotes/author/nouriel-roubini/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Market cycles repeat; bubbles need fuel (confidence) to persist, and collapse when that fuel disappears. **In simple terms:** Bubbles need confidence; they burst without it. Key Takeaway Watch for loss of confidence to anticipate change. Themes economics markets bubbles Mood analytical cautious Type economic strategic When to use this quote - investment strategy - policy making - risk assessment - business planning Key Concepts systemic risk behavioral finance macro trends Questions to Reflect On - What signs indicate a bubble’s oxygen is gone? - How can you protect against sudden market shifts? A Different Perspective Not all bubbles follow the same pattern. ★ ★ ★ ★ ★ No ratings yet [Change](https://sms4smile.com/quotes/about/change/) [Customer](https://sms4smile.com/quotes/about/customer/) [Emerging markets](https://sms4smile.com/quotes/about/emerging-markets/) [Fire](https://sms4smile.com/quotes/about/fire/) [Investing](https://sms4smile.com/quotes/about/investing/) [Markets](https://sms4smile.com/quotes/about/markets/) [Oxygen](https://sms4smile.com/quotes/about/oxygen/) [Patterns](https://sms4smile.com/quotes/about/patterns/) [Things change](https://sms4smile.com/quotes/about/things-change/) ## Related quotes > [“Angels converge where patterns are repeated.”](https://sms4smile.com/quotes/michael-bassey-johnson/angels-converge-where-patterns-are-repeated/) [Michael Bassey Johnson](https://sms4smile.com/quotes/author/michael-bassey-johnson/) > [I can live in a bubble, I like not to know anything about financials.](https://sms4smile.com/quotes/alice-temperley/i-can-live-in-a-bubble-i-like-not-to-know-anything-about-financials/) [Alice Temperley](https://sms4smile.com/quotes/author/alice-temperley/) > [Joys Are bubble-like--what makes them bursts them too.](https://sms4smile.com/quotes/philip-james-bailey/joys-are-bubble-like-what-makes-them-bursts-them-too/) [Philip James Bailey](https://sms4smile.com/quotes/author/philip-james-bailey/) > [“Jesse Livermore, who declared in How to Trade in Stocks, “I absolutely believe that price movement patterns are being repeated. They are recurring patterns…](https://sms4smile.com/quotes/gil-morales/jesse-livermore-who-declared-in-how-to-trade-in-stocks-i-absolutely/) [Gil Morales](https://sms4smile.com/quotes/author/gil-morales/) > [I believe investors should invest for the long run, so I don't buy and sell. I usually maintain the classic index of global equities,…](https://sms4smile.com/quotes/nouriel-roubini/i-believe-investors-should-invest-for-the-long-run-so-i-don-t-buy-and/) [Nouriel Roubini](https://sms4smile.com/quotes/author/nouriel-roubini/) > [All the risky things that were happening back in ’06 and ‘07 are back again to the same level, if not more. So we…](https://sms4smile.com/quotes/nouriel-roubini/all-the-risky-things-that-were-happening-back-in-06-and-07-are-back/) [Nouriel Roubini](https://sms4smile.com/quotes/author/nouriel-roubini/) > [In emerging markets, slow growth in the advanced economies has shut down a traditional development path: export-led growth. 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One by one…](https://sms4smile.com/quotes/peter-thiel/the-bond-bubble-the-tech-bubble-the-stock-bubble-the-emerging-markets/) [Peter Thiel](https://sms4smile.com/quotes/author/peter-thiel/) > [When you consider the sheer magnitude of investable equities to choose from in the world's emerging markets, you realize that finding one that looks…](https://sms4smile.com/quotes/mark-mobius/when-you-consider-the-sheer-magnitude-of-investable-equities-to/) [Mark Mobius](https://sms4smile.com/quotes/author/mark-mobius/) ## More by Nouriel Roubini > [I am not going to say I told you so, but I did.](https://sms4smile.com/quotes/nouriel-roubini/i-am-not-going-to-say-i-told-you-so-but-i-did/) [Nouriel Roubini](https://sms4smile.com/quotes/author/nouriel-roubini/) > [The economic costs, the financial costs, the job losses, the income losses, the fiscal costs of bailing out financial system are becoming larger and…](https://sms4smile.com/quotes/nouriel-roubini/the-economic-costs-the-financial-costs-the-job-losses-the-income/) [Nouriel Roubini](https://sms4smile.com/quotes/author/nouriel-roubini/) > [Technology is spurring innovation, and the so-called "demographic dividend" has brought change.](https://sms4smile.com/quotes/nouriel-roubini/technology-is-spurring-innovation-and-the-so-called-demographic/) [Nouriel Roubini](https://sms4smile.com/quotes/author/nouriel-roubini/) > [What is important to me is that when I write something, people listen to me. 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