Come Quote by Stephen A. Schwarzman
“I've lived through periods of illiquidity before. Asset prices come down. The economy slows or even goes into recession. Then the cycle re-starts. We buy at lower prices with less leverage.”
About This Quote
Source Interview: Business Outlook, 2022
Economic cycles repeat: liquidity dries, prices fall, growth slows, then recovery begins, allowing lower‑priced, lower‑leverage investments.
In simple terms: Markets go through booms and busts.
Key Takeaway
Buy when assets are cheap and leverage is low.
Themes
economics
investment
cycles
Mood
analytical
cautious
Type
financial
strategic
When to use this quote
- stock investing
- real estate
- portfolio rebalancing
- risk management
Key Concepts
finance
macro‑economics
Questions to Reflect On
- How do you assess when a cycle truly bottoms?
- What safeguards do you use when buying low?
A Different Perspective
Timing the market is difficult and risky.
![“You have to say that we are again in a massive financial bubble in bonds, in equities, in [other] asset prices that have gone up dramatically.” quote by Marc Faber](https://sms4smile.com/quotes/img-quotes/e90/marc-faber-11236_assets_you-have-to-say-that-we-are-again-in-a-m_1808030.jpg)
