--- title: "Meaning & Key Takeaway of: Asset prices are fickle, and long-term…" description: "\"Asset prices are fickle, and long-term economic performance is the ultimate measuring stick.\" — Scott Bessent" image: "https://sms4smile.com/quotes/i/854/scott-bessent-8205_asset_asset-prices-are-fickle-and-long-term-ec_3133943.jpg" --- # Asset prices are fickle, and long-term economic… ![“Asset prices are fickle, and long-term economic performance is the ultimate measuring stick.” quote by Scott Bessent](https://sms4smile.com/quotes/i/854/scott-bessent-8205_asset_asset-prices-are-fickle-and-long-term-ec_3133943.jpg) [Download](https://sms4smile.com/quotes/i/854/scott-bessent-8205_asset_asset-prices-are-fickle-and-long-term-ec_3133943.jpg) [Open image](https://sms4smile.com/quotes/i/854/scott-bessent-8205_asset_asset-prices-are-fickle-and-long-term-ec_3133943.jpg) > “Asset prices are fickle, and long-term economic performance is the ultimate measuring stick.” [Scott Bessent](https://sms4smile.com/quotes/author/scott-bessent/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Market fluctuations are common, but long‑term economic health remains the true benchmark for success. **In simple terms:** Short‑term price swings don’t define lasting value. Key Takeaway Focus on long‑term fundamentals. Themes economics investment market volatility Mood analytical pragmatic Type financial educational When to use this quote - portfolio management - policy analysis Key Concepts risk assessment strategic planning Questions to Reflect On - What metrics best gauge long‑term performance? - How to stay disciplined during market swings? A Different Perspective Short‑term volatility can mislead investors. ★ ★ ★ ★ ★ No ratings yet [Asset](https://sms4smile.com/quotes/about/asset/) [Asset Prices](https://sms4smile.com/quotes/about/asset-prices-895950/) [Customer](https://sms4smile.com/quotes/about/customer/) [Economic](https://sms4smile.com/quotes/about/economic/) [Economic Performance](https://sms4smile.com/quotes/about/economic-performance-272114/) [Fickle Long](https://sms4smile.com/quotes/about/fickle-long-5554580/) [Performance](https://sms4smile.com/quotes/about/performance/) [Prices Fickle](https://sms4smile.com/quotes/about/prices-fickle-5554579/) [Stick](https://sms4smile.com/quotes/about/stick/) ## Related quotes > [Higher asset prices increase wealth and, with a lag, induce higher spending.](https://sms4smile.com/quotes/jerome-powell/higher-asset-prices-increase-wealth-and-with-a-lag-induce-higher/) [Jerome Powell](https://sms4smile.com/quotes/author/jerome-powell/) > [Although the outlook is clouded by a number of uncertainties, the central tendencies of the projections .. imply continued good economic performance in the…](https://sms4smile.com/quotes/alan-greenspan/although-the-outlook-is-clouded-by-a-number-of-uncertainties-the/) [Alan Greenspan](https://sms4smile.com/quotes/author/alan-greenspan/) > [Salaries and wages must reflect the reality of the enterprise's economic performance; deviations from the planned performance should be reflected in pay.](https://sms4smile.com/quotes/samora-machel/salaries-and-wages-must-reflect-the-reality-of-the-enterprise-s/) [Samora Machel](https://sms4smile.com/quotes/author/samora-machel/) > [“It is argued that if we try to save as many of the endangered fishes, bugs, and birds as possible, the economy will suffer.…](https://sms4smile.com/quotes/alex-gerber-jr/it-is-argued-that-if-we-try-to-save-as-many-of-the-endangered-fishes/) [Alex Gerber Jr](https://sms4smile.com/quotes/author/alex-gerber-jr/) > [There's a tendency for the yen to strengthen because it's rated highly, but I don't think that accurately reflects Japan's economic performance.](https://sms4smile.com/quotes/yoshihiko-noda/there-s-a-tendency-for-the-yen-to-strengthen-because-it-s-rated/) [Yoshihiko Noda](https://sms4smile.com/quotes/author/yoshihiko-noda/) > [When we liberate the economic potential of women, we elevate the economic performance of communities, nations, and the world.](https://sms4smile.com/quotes/hillary-clinton/when-we-liberate-the-economic-potential-of-women-we-elevate-the/) [Hillary Clinton](https://sms4smile.com/quotes/author/hillary-clinton/) > [I want to get down to the nuts and bolts of what is actually going to change to lift New Zealand's economic performance.](https://sms4smile.com/quotes/david-cunliffe/i-want-to-get-down-to-the-nuts-and-bolts-of-what-is-actually-going-to-2/) [David Cunliffe](https://sms4smile.com/quotes/author/david-cunliffe/) > [I want to get down to the nuts and bolts of what is actually going to change to lift New Zealands economic performance.](https://sms4smile.com/quotes/david-cunliffe/i-want-to-get-down-to-the-nuts-and-bolts-of-what-is-actually-going-to/) [David Cunliffe](https://sms4smile.com/quotes/author/david-cunliffe/) > [I think we are smashing it as a government in terms of economic performance and infrastructure spend, but not everybody feels part of that…](https://sms4smile.com/quotes/gladys-berejiklian/i-think-we-are-smashing-it-as-a-government-in-terms-of-economic/) [Gladys Berejiklian](https://sms4smile.com/quotes/author/gladys-berejiklian/) > [Properly targeted public investment can do much to boost economic performance, generating aggregate demand quickly, fueling productivity growth by improving human capital, encouraging technological…](https://sms4smile.com/quotes/michael-spence/properly-targeted-public-investment-can-do-much-to-boost-economic/) [Michael Spence](https://sms4smile.com/quotes/author/michael-spence/) > [There is no doubt that the Fed's large-scale asset purchases have caused major increases in a number of asset prices in the economy. 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In an efficient market, every titbit of new information is processed correctly…](https://sms4smile.com/quotes/alan-s-blinder/the-adjective-efficient-in-efficient-markets-refers-to-how-investors/) [Alan S. Blinder](https://sms4smile.com/quotes/author/alan-s-blinder/) > [As financial markets continue to broaden and deepen, the behavior of asset prices will play an important role in the formulation of monetary policy…](https://sms4smile.com/quotes/timothy-geithner/as-financial-markets-continue-to-broaden-and-deepen-the-behavior-of/) [Timothy Geithner](https://sms4smile.com/quotes/author/timothy-geithner/) ## More by Scott Bessent > [If Vice President Albert Arnold Gore, Jr. had won his home state of Tennessee on November 7, 2000, he would have become president of…](https://sms4smile.com/quotes/scott-bessent/if-vice-president-albert-arnold-gore-jr-had-won-his-home-state-of/) [Scott Bessent](https://sms4smile.com/quotes/author/scott-bessent/) > [Our firm: We study history. We think about the future. We try to analyze what's going on in the present.](https://sms4smile.com/quotes/scott-bessent/our-firm-we-study-history-we-think-about-the-future-we-try-to-analyze/) [Scott Bessent](https://sms4smile.com/quotes/author/scott-bessent/) > [Tariffs can't be inflationary because if the price of one thing goes up, unless you give people more money, then they have less money…](https://sms4smile.com/quotes/scott-bessent/tariffs-can-t-be-inflationary-because-if-the-price-of-one-thing-goes/) [Scott Bessent](https://sms4smile.com/quotes/author/scott-bessent/) > [President Trump's first-term tariffs did not raise the prices of the affected goods, despite predictions back then that the tariffs would prove inflationary. 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