Always Quote by Stephen A. Schwarzman
“Markets tend to always overshoot when they get really ebullient.”
About This Quote
Source Speech: Financial Conference, 2018
When investors become overly enthusiastic, prices often exceed true value, leading to corrections later.
In simple terms: Excitement can push markets past realistic levels.
Key Takeaway
Watch for hype and stay disciplined.
Themes
finance
behavioral economics
market cycles
Mood
cautious
analytical
Type
advisory
analytical
When to use this quote
- investment decisions
- portfolio rebalancing
- risk assessment
- valuation analysis
Key Concepts
overvaluation
herding
sentiment
risk management
Questions to Reflect On
- How do you identify genuine value versus hype?
- What safeguards can prevent overreliance on sentiment?
A Different Perspective
Even in bullish periods, fundamentals still matter; overconfidence can cause losses.
![“Once you start moving [market] lower, then you trigger of all sorts of things. You trigger people who have to sell because they're over-levered. So they sell their winners and their losers. They're just trying to raise cash. So, what you then get is spreading malaise throughout the global markets.” quote by Mohamed El-Erian](https://sms4smile.com/quotes/img-quotes/6aa/mohamed-el-erian-19946_cash_once-you-start-moving-market-lower-then_2764402.jpg)
