--- title: "Meaning & Key Takeaway of: Seven habits that help produce the…" description: "\"Seven habits that help produce the anything-but-efficient markets that rule the world. 1. Think short term. 2. Be greedy. 3. Believe in the greater foo..." image: "https://sms4smile.com/quotes/i/4d1/paul-krugman-2255_believe_seven-habits-that-help-produce-the-anyth_2665761.jpg" --- # Seven habits that help produce the anything-but-efficient… ![“Seven habits that help produce the anything-but-efficient markets that rule the world. 1. Think short term. 2. Be greedy. 3. Believe in the greater fool 4. Run with the herd. 5. Overgeneralize 6. Be trendy 7. Play with other people's money” quote by Paul Krugman](https://sms4smile.com/quotes/i/4d1/paul-krugman-2255_believe_seven-habits-that-help-produce-the-anyth_2665761.jpg) [Download](https://sms4smile.com/quotes/i/4d1/paul-krugman-2255_believe_seven-habits-that-help-produce-the-anyth_2665761.jpg) [Open image](https://sms4smile.com/quotes/i/4d1/paul-krugman-2255_believe_seven-habits-that-help-produce-the-anyth_2665761.jpg) > “Seven habits that help produce the anything-but-efficient markets that rule the world. 1. Think short term. 2. Be greedy. 3. Believe in the greater fool 4. Run with the herd. 5. Overgeneralize 6. Be trendy 7. Play with other people's money” [Paul Krugman](https://sms4smile.com/quotes/author/paul-krugman/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Critiques short‑term, greedy, herd‑driven market behaviors that undermine efficiency. **In simple terms:** Short‑term greed harms markets. Key Takeaway Promote long‑term, rational investing. Themes economics market behavior efficiency Mood analytical critical Type economic financial When to use this quote - investment strategy - policy making - financial education - regulatory reform Key Concepts behavioral finance systemic risk Questions to Reflect On - What incentives drive short‑term thinking? - How can investors resist herd behavior? A Different Perspective May oversimplify complex market dynamics. ★ ★ ★ ★ ★ No ratings yet [Believe](https://sms4smile.com/quotes/about/believe/) [Customer](https://sms4smile.com/quotes/about/customer/) [Efficient](https://sms4smile.com/quotes/about/efficient/) [Efficient markets](https://sms4smile.com/quotes/about/efficient-markets/) [Fool](https://sms4smile.com/quotes/about/fool/) [Greater](https://sms4smile.com/quotes/about/greater/) [Greedy](https://sms4smile.com/quotes/about/greedy/) [Habit](https://sms4smile.com/quotes/about/habit/) [Habits](https://sms4smile.com/quotes/about/habits/) [Habits Help](https://sms4smile.com/quotes/about/habits-help-2463284/) [Helping](https://sms4smile.com/quotes/about/helping/) [Herds](https://sms4smile.com/quotes/about/herds/) [Investing](https://sms4smile.com/quotes/about/investing/) [Libertarian](https://sms4smile.com/quotes/about/libertarian/) [Markets Rule](https://sms4smile.com/quotes/about/markets-rule-2463283/) [Money](https://sms4smile.com/quotes/about/money/) [People](https://sms4smile.com/quotes/about/people/) [Play](https://sms4smile.com/quotes/about/play/) [Produce](https://sms4smile.com/quotes/about/produce/) [Rule the world](https://sms4smile.com/quotes/about/rule-the-world/) [Running](https://sms4smile.com/quotes/about/running/) [Seven](https://sms4smile.com/quotes/about/seven/) [Seven habits](https://sms4smile.com/quotes/about/seven-habits-167874/) [Short term](https://sms4smile.com/quotes/about/short-term/) [Term](https://sms4smile.com/quotes/about/term/) [Thinking](https://sms4smile.com/quotes/about/thinking/) [Trendy](https://sms4smile.com/quotes/about/trendy/) [World](https://sms4smile.com/quotes/about/world/) ## Related quotes > [Seek out habits that help you overcome fear or inertia. 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I…](https://sms4smile.com/quotes/stephen-covey/actually-i-did-not-invent-the-seven-habits-they-are-universal/) [Stephen Covey](https://sms4smile.com/quotes/author/stephen-covey/) > [If I subscribed to the efficient market theory I would still be delivering papers](https://sms4smile.com/quotes/warren-buffett/if-i-subscribed-to-the-efficient-market-theory-i-would-still-be/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) > [What's so seductive about the efficient markets hypothesis is that it applies nine years out of ten. 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