Fear and euphoria are dominant forces, and fear is many multiples the size of euphoria. Bubbles go up very slowly as euphoria builds.
What's the meaning of this quote?
Quote Meaning: The quote describes the power of fear in shaping human behavior, particularly in the context of financial markets. It suggests that bubbles and financial manias are fueled by euphoria, but that fear is a much more potent force and can cause markets to crash rapidly. The quote serves as a warning to investors to be cautious during times of market exuberance.
Who said the quote?
The quote "Fear and euphoria are dominant forces, and fear is many multiples the size of euphoria. Bubbles go up very slowly as euphoria builds." was said by Alan Greenspan (Bio / Quotes). Alan Greenspan is a renowned economist who served as the chairman of the Federal Reserve of the United States for 19 years.
Chief Editor
Tal Gur is an author, founder, and impact-driven entrepreneur at heart. After trading his daily grind for a life of his own daring design, he spent a decade pursuing 100 major life goals around the globe. His journey and most recent book, The Art of Fully Living, has led him to found Elevate Society.
