--- title: "Meaning & Key Takeaway of: The recent market run-up that appreciated…" description: "\"The recent market run-up that appreciated run-of-the- mill shares also chanced to send up those token gold holdings. Pure luck, undeserved and unlikely..." image: "https://sms4smile.com/quotes/i/992/paul-samuelson-9078_answers_the-recent-market-run-up-that-appreciate_2109713.png" --- # The recent market run-up that appreciated run-of-the- mill… ![“The recent market run-up that appreciated run-of-the- mill shares also chanced to send up those token gold holdings. Pure luck, undeserved and unlikely to reoccur. Good questions outrank easy answers.” quote by Paul Samuelson](https://sms4smile.com/quotes/i/992/paul-samuelson-9078_answers_the-recent-market-run-up-that-appreciate_2109713.png) [Download](https://sms4smile.com/quotes/i/992/paul-samuelson-9078_answers_the-recent-market-run-up-that-appreciate_2109713.png) [Open image](https://sms4smile.com/quotes/i/992/paul-samuelson-9078_answers_the-recent-market-run-up-that-appreciate_2109713.png) > “The recent market run-up that appreciated run-of-the- mill shares also chanced to send up those token gold holdings. Pure luck, undeserved and unlikely to reoccur. Good questions outrank easy answers.” [Paul Samuelson](https://sms4smile.com/quotes/author/paul-samuelson/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Market gains for ordinary stocks also lifted token gold, but this was random and unlikely to repeat; easy answers are less valuable than probing questions. **In simple terms:** Random market boosts are fleeting; ask deeper questions. Key Takeaway Seek insight over luck. Themes finance luck analysis Mood cautious inquisitive Type analytical reflective When to use this quote - investment decisions - risk assessment - portfolio management Key Concepts probability market dynamics critical thinking Questions to Reflect On - How can you differentiate luck from skill? - What questions reveal true market health? A Different Perspective Randomness can mislead investors into overconfidence. ★ ★ ★ ★ ★ No ratings yet [Answers](https://sms4smile.com/quotes/about/answers/) [Appreciated](https://sms4smile.com/quotes/about/appreciated/) [Easy](https://sms4smile.com/quotes/about/easy/) [Easy answers](https://sms4smile.com/quotes/about/easy-answers/) [Gold](https://sms4smile.com/quotes/about/gold/) [Gold Holdings](https://sms4smile.com/quotes/about/gold-holdings-763780/) [Good questions](https://sms4smile.com/quotes/about/good-questions/) [Investing](https://sms4smile.com/quotes/about/investing/) [Luck](https://sms4smile.com/quotes/about/luck/) [Mills](https://sms4smile.com/quotes/about/mills/) [Pure](https://sms4smile.com/quotes/about/pure/) [Recent Market](https://sms4smile.com/quotes/about/recent-market-4253667/) [Run Shares](https://sms4smile.com/quotes/about/run-shares-4253666/) [Running](https://sms4smile.com/quotes/about/running/) [Share](https://sms4smile.com/quotes/about/share/) [Shares Chanced](https://sms4smile.com/quotes/about/shares-chanced-4253665/) [Token Gold](https://sms4smile.com/quotes/about/token-gold-4253664/) [Tokens](https://sms4smile.com/quotes/about/tokens/) [Unlikely](https://sms4smile.com/quotes/about/unlikely/) ## Related quotes > [Nothing is written in stone. So don't prepare yourself for a long and lucrative career. You might die tomorrow. Your gold holdings might become…](https://sms4smile.com/quotes/yoko-ono/nothing-is-written-in-stone-so-don-t-prepare-yourself-for-a-long-and/) [Yoko Ono](https://sms4smile.com/quotes/author/yoko-ono/) > [Support has come from the financial market turmoil in emerging economies, geopolitical tension in Syria and Egypt, together with the fact that gold holdings…](https://sms4smile.com/quotes/ole-hansen/support-has-come-from-the-financial-market-turmoil-in-emerging/) [Ole Hansen](https://sms4smile.com/quotes/author/ole-hansen/) > [Central banks are choosing to increase their gold holdings as a percentage of total reserves. They obviously think there is a reason to do…](https://sms4smile.com/quotes/peter-schiff/central-banks-are-choosing-to-increase-their-gold-holdings-as-a/) [Peter Schiff](https://sms4smile.com/quotes/author/peter-schiff/) > [The authorities in the United States confiscated private gold holdings in the Depression of the 1930's. They may seek to do so again in…](https://sms4smile.com/quotes/james-dale-davidson/the-authorities-in-the-united-states-confiscated-private-gold/) [James Dale Davidson](https://sms4smile.com/quotes/author/james-dale-davidson/) > [Perhaps there is a simple answer -- not an easy answer -- but simple: If you and I have the courage to tell our…](https://sms4smile.com/quotes/ronald-reagan/perhaps-there-is-a-simple-answer-not-an-easy-answer-but-simple-if-you/) [Ronald Reagan](https://sms4smile.com/quotes/author/ronald-reagan/) > [We're too smart to know there aren't easy answers. But we're not dumb enough to accept that there aren't better answers.](https://sms4smile.com/quotes/ann-romney/we-re-too-smart-to-know-there-aren-t-easy-answers-but-we-re-not-dumb/) [Ann Romney](https://sms4smile.com/quotes/author/ann-romney/) > [We see that it is not the task of Christianity to provide easy answers to every question, but to make us progressively aware of…](https://sms4smile.com/quotes/kallistos-ware/we-see-that-it-is-not-the-task-of-christianity-to-provide-easy/) [Kallistos Ware](https://sms4smile.com/quotes/author/kallistos-ware/) > [There are consequences to our insatiable demands for energy and there are no easy answers for how to capture that energy safely. But even…](https://sms4smile.com/quotes/ivy-meeropol/there-are-consequences-to-our-insatiable-demands-for-energy-and-there/) [Ivy Meeropol](https://sms4smile.com/quotes/author/ivy-meeropol/) > [In seeking the help of the Congress and our countrymen, I pledged no easy answers. I pledged, and asked, only toil and dedication. These…](https://sms4smile.com/quotes/john-f-kennedy/in-seeking-the-help-of-the-congress-and-our-countrymen-i-pledged-no/) [John F. Kennedy](https://sms4smile.com/quotes/author/john-f-kennedy/) > [Why do any of us act the way we do? Is it our beliefs or our biology that shapes us? Lauren Grodstein considers this…](https://sms4smile.com/quotes/victor-lavalle/why-do-any-of-us-act-the-way-we-do-is-it-our-beliefs-or-our-biology/) [Victor LaValle](https://sms4smile.com/quotes/author/victor-lavalle/) > [“And what was the point of an easy answer like that. Where did it lead. Nowhere good, in his experience. Easy answers got to…](https://sms4smile.com/quotes/stacia-kane/and-what-was-the-point-of-an-easy-answer-like-that-where-did-it-lead/) [Stacia Kane](https://sms4smile.com/quotes/author/stacia-kane/) > [“The...act of surrender—or devotion, as the case may be—was, to him, a kind of lifeline for those who sought a quick answer and didn’t…](https://sms4smile.com/quotes/ashim-shanker/the-act-of-surrender-or-devotion-as-the-case-may-be-was-to-him-a-kind/) [Ashim Shanker](https://sms4smile.com/quotes/author/ashim-shanker/) > [We are living in complex, difficult times and I wanted Syriana to reflect this complexity in a visceral way, to embrace it narratively. There…](https://sms4smile.com/quotes/stephen-gaghan/we-are-living-in-complex-difficult-times-and-i-wanted-syriana-to/) [Stephen Gaghan](https://sms4smile.com/quotes/author/stephen-gaghan/) > [“Politicians are people with easy answers for hard problems.”](https://sms4smile.com/quotes/jarod-kintz/politicians-are-people-with-easy-answers-for-hard-problems/) [Jarod Kintz](https://sms4smile.com/quotes/author/jarod-kintz/) > [The way I challenge myself is by writing something that really engages me, that doesn't have an easy answer, and isn't always an easy…](https://sms4smile.com/quotes/jodi-picoult/the-way-i-challenge-myself-is-by-writing-something-that-really/) [Jodi Picoult](https://sms4smile.com/quotes/author/jodi-picoult/) ## More by Paul Samuelson > [Companies are not charitable enterprises: They hire workers to make profits. In the United States, this logic still works. In Europe, it hardly does.](https://sms4smile.com/quotes/paul-samuelson/companies-are-not-charitable-enterprises-they-hire-workers-to-make/) [Paul Samuelson](https://sms4smile.com/quotes/author/paul-samuelson/) > [We are like highly trained athletes, who never run a race.](https://sms4smile.com/quotes/paul-samuelson/we-are-like-highly-trained-athletes-who-never-run-a-race/) [Paul Samuelson](https://sms4smile.com/quotes/author/paul-samuelson/) > [ When the economy was going up, \[Milton Friedman and I\] both gave the same advice, and when the economy was going down, we gave… ](https://sms4smile.com/quotes/paul-samuelson/when-the-economy-was-going-up-milton-friedman-and-i-both-gave-the/) [Paul Samuelson](https://sms4smile.com/quotes/author/paul-samuelson/) > [Our ideal society finds it essential to put a rent on land as a way of maximizing the total consumption available to the society.…](https://sms4smile.com/quotes/paul-samuelson/our-ideal-society-finds-it-essential-to-put-a-rent-on-land-as-a-way/) [Paul Samuelson](https://sms4smile.com/quotes/author/paul-samuelson/) > [That's what I would like to do until the end of time, to go on scribbling my articles on the third floor of the…](https://sms4smile.com/quotes/paul-samuelson/that-s-what-i-would-like-to-do-until-the-end-of-time-to-go-on/) [Paul Samuelson](https://sms4smile.com/quotes/author/paul-samuelson/) > [Contrary to what many skeptics had earlier believed, the Soviet economy is proof that a socialist command economy can function and even thrive.](https://sms4smile.com/quotes/paul-samuelson/contrary-to-what-many-skeptics-had-earlier-believed-the-soviet/) [Paul Samuelson](https://sms4smile.com/quotes/author/paul-samuelson/) > [To prove that Wall Street is an early omen of movements still to come in GNP, commentators quote economic studies alleging that market downturns…](https://sms4smile.com/quotes/paul-samuelson/to-prove-that-wall-street-is-an-early-omen-of-movements-still-to-come/) [Paul Samuelson](https://sms4smile.com/quotes/author/paul-samuelson/) > [Even if this advice to portfolio decision makers to drop dead is good advice, it obviously is not counsel that will be eagerly followed.…](https://sms4smile.com/quotes/paul-samuelson/even-if-this-advice-to-portfolio-decision-makers-to-drop-dead-is-good/) [Paul Samuelson](https://sms4smile.com/quotes/author/paul-samuelson/) > [Perhaps there really are managers who can outperform the market consistently - logic would suggest that they exist. But they are remarkably well-hidden.](https://sms4smile.com/quotes/paul-samuelson/perhaps-there-really-are-managers-who-can-outperform-the-market/) [Paul Samuelson](https://sms4smile.com/quotes/author/paul-samuelson/) > [Globalization presumes sustained economic growth. Otherwise, the process loses its economic benefits and political support.](https://sms4smile.com/quotes/paul-samuelson/globalization-presumes-sustained-economic-growth-otherwise-the/) [Paul Samuelson](https://sms4smile.com/quotes/author/paul-samuelson/) > [In every mutual fund prospectus, in every sales promotional folder, and in every mutual fund advertisement (albeit in print almost too small to read),…](https://sms4smile.com/quotes/paul-samuelson/in-every-mutual-fund-prospectus-in-every-sales-promotional-folder-and/) [Paul Samuelson](https://sms4smile.com/quotes/author/paul-samuelson/) > [I don't care who writes a nation's laws-or crafts its advanced treaties-if I can write its economics textbooks](https://sms4smile.com/quotes/paul-samuelson/i-don-t-care-who-writes-a-nation-s-laws-or-crafts-its-advanced/) [Paul Samuelson](https://sms4smile.com/quotes/author/paul-samuelson/) > [It isn't that greed's increased. What's increased is the realization that you've got a free field to reach out for what you'd like to…](https://sms4smile.com/quotes/paul-samuelson/it-isn-t-that-greed-s-increased-what-s-increased-is-the-realization/) [Paul Samuelson](https://sms4smile.com/quotes/author/paul-samuelson/) > [Forsake search for needles that are so very small in haystacks that are so very large.](https://sms4smile.com/quotes/paul-samuelson/forsake-search-for-needles-that-are-so-very-small-in-haystacks-that/) [Paul Samuelson](https://sms4smile.com/quotes/author/paul-samuelson/) > [The problem is no longer that with every pair of hands that comes into the world there comes a hungry stomach. Rather it is…](https://sms4smile.com/quotes/paul-samuelson/the-problem-is-no-longer-that-with-every-pair-of-hands-that-comes/) [Paul Samuelson](https://sms4smile.com/quotes/author/paul-samuelson/) [Explore all 75 Paul Samuelson quotes ](https://sms4smile.com/quotes/author/paul-samuelson/) ## More Answers quotes > [The one thing that I keep learning over and over again is that I don't know nothing. I mean, that's my life lesson.](https://sms4smile.com/quotes/dwayne-johnson/the-one-thing-that-i-keep-learning-over-and-over-again-is-that-i-don/) [Dwayne Johnson](https://sms4smile.com/quotes/author/dwayne-johnson/) > [Sometimes a question can hurt more than an answer.](https://sms4smile.com/quotes/sarah-dessen/sometimes-a-question-can-hurt-more-than-an-answer/) [Sarah Dessen](https://sms4smile.com/quotes/author/sarah-dessen/) > [You feed yourself. Make sure you have all the information, whether it's aesthetic, scientific, mathematical, I don't care what it is. Then you walk…](https://sms4smile.com/quotes/ray-bradbury/you-feed-yourself-make-sure-you-have-all-the-information-whether-it-s/) [Ray Bradbury](https://sms4smile.com/quotes/author/ray-bradbury/) > [I have long felt that the way to keep children out of trouble is to keep them interested in things. Lecturing to children is…](https://sms4smile.com/quotes/walt-disney/i-have-long-felt-that-the-way-to-keep-children-out-of-trouble-is-to/) [Walt Disney](https://sms4smile.com/quotes/author/walt-disney/) > [Let me tell you that atheism has never painted a masterpiece. Atheism has never dispelled fear. Atheism has never healed a disease; faith in…](https://sms4smile.com/quotes/john-hagee/let-me-tell-you-that-atheism-has-never-painted-a-masterpiece-atheism/) [John Hagee](https://sms4smile.com/quotes/author/john-hagee/) > [“As long as you keep searching,the answers will come.”](https://sms4smile.com/quotes/mitch-kynock/as-long-as-you-keep-searching-the-answers-will-come/) [Mitch Kynock](https://sms4smile.com/quotes/author/mitch-kynock/) > [The answer to deep anxiety is the deep adoration of God.](https://sms4smile.com/quotes/ann-voskamp/the-answer-to-deep-anxiety-is-the-deep-adoration-of-god/) [Ann Voskamp](https://sms4smile.com/quotes/author/ann-voskamp/) > [A dialogue is very important. It is a form of communication in which question and answer continue till a question is left without an…](https://sms4smile.com/quotes/jiddu-krishnamurti/a-dialogue-is-very-important-it-is-a-form-of-communication-in-which/) [Jiddu Krishnamurti](https://sms4smile.com/quotes/author/jiddu-krishnamurti/) > [There is a comfort in rituals, and rituals provide a framework for stability when you are trying to find answers.](https://sms4smile.com/quotes/deborah-norville/there-is-a-comfort-in-rituals-and-rituals-provide-a-framework-for/) [Deborah Norville](https://sms4smile.com/quotes/author/deborah-norville/) > [A religious person answers to God, not to the elected or non-elected official.](https://sms4smile.com/quotes/elie-wiesel/a-religious-person-answers-to-god-not-to-the-elected-or-non-elected/) [Elie Wiesel](https://sms4smile.com/quotes/author/elie-wiesel/) > [Let us remember that every worldview-not just Christianity's-must give an explanation or an answer for evil and suffering...this is not just a problem distinctive…](https://sms4smile.com/quotes/ravi-zacharias/let-us-remember-that-every-worldview-not-just-christianity-s-must/) [Ravi Zacharias](https://sms4smile.com/quotes/author/ravi-zacharias/) > [Instead of asking a girl how she feels, try looking through her recently listened to songs. The lyrics are the answer to all your…](https://sms4smile.com/quotes/anonymous/instead-of-asking-a-girl-how-she-feels-try-looking-through-her/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [For someone to ask 'Who did you play for' and to be able to answer a single name 'Liverpool' that would be brilliant...I don't…](https://sms4smile.com/quotes/jamie-carragher/for-someone-to-ask-who-did-you-play-for-and-to-be-able-to-answer-a/) [Jamie Carragher](https://sms4smile.com/quotes/author/jamie-carragher/) > [When the first Superman movie came out I was frequently asked "What is a hero?" ...My answer was that a hero is someone who…](https://sms4smile.com/quotes/christopher-reeve/when-the-first-superman-movie-came-out-i-was-frequently-asked-what-is/) [Christopher Reeve](https://sms4smile.com/quotes/author/christopher-reeve/) > [Enjoying life isn't about finding the answers, but living the questions.](https://sms4smile.com/quotes/sue-margolis/enjoying-life-isn-t-about-finding-the-answers-but-living-the-questions/) [Sue Margolis](https://sms4smile.com/quotes/author/sue-margolis/) [Browse all 7,843 Answers quotes ](https://sms4smile.com/quotes/about/answers/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "The recent market run-up that appreciated run-of-the- mill shares also chanced to send up those token gold holdings. Pure luck, undeserved and unlikely to reoccur. Good questions outrank easy answers.", "creator": { "@type": "Person", "name": "Paul Samuelson" }, "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "url": "https://sms4smile.com/quotes/paul-samuelson/the-recent-market-run-up-that-appreciated-run-of-the-mill-shares-also/", "about": { "@type": "Thing", "name": "Answers" }, "@id": "https://sms4smile.com/quotes/paul-samuelson/the-recent-market-run-up-that-appreciated-run-of-the-mill-shares-also/#quotation", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/992/paul-samuelson-9078_answers_the-recent-market-run-up-that-appreciate_2109713.png", "contentUrl": "https://sms4smile.com/quotes/i/992/paul-samuelson-9078_answers_the-recent-market-run-up-that-appreciate_2109713.png", "url": "https://sms4smile.com/quotes/i/992/paul-samuelson-9078_answers_the-recent-market-run-up-that-appreciate_2109713.png", "width": 1080, "height": 1080, "caption": "“The recent market run-up that appreciated run-of-the- mill shares also chanced to send up those token gold…” — Paul Samuelson", "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": "Paul Samuelson", "item": "https://sms4smile.com/quotes/author/paul-samuelson/" }, { "@type": "ListItem", "position": 4, "name": "The recent market run-up that appreciated...", "item": "https://sms4smile.com/quotes/paul-samuelson/the-recent-market-run-up-that-appreciated-run-of-the-mill-shares-also/" } ], "@id": "https://sms4smile.com/quotes/paul-samuelson/the-recent-market-run-up-that-appreciated-run-of-the-mill-shares-also/#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 } } ] } ```