Some calamities - the 1929 stock market crash, Pearl Harbor, 9/11 - have come like summer lightning, as bolts from the blue. The looming crisis of America's Ponzi entitlement structure is different. Driven by the demographics of an aging population, its causes, timing and scope are known.

The stock market is a discounter of all known information.

My father was a person who always allowed me to do what I wanted but he told me you want to go to a stock market, first get yourself qualified. So, I qualified myself as a chartered accountant and my dad said what do you want to do? I said I want to go to the stock market. He asked what will you do? I said I invest.

But we have to ask ourselves, what's the purpose of the stock market? It's supposed to be a source of capital for growing business. It's lost that purpose.

Who owns the future? This is the question at the heart of every stock market.

Part of my advantage is that my strength is economic forecasting, but that only works in free markets, when markets are smarter than people. That's how I started. I watched the stock market, how equities reacted to change in levels of economic activity, and I could understand how price signals worked and how to forecast them.

After 1929, so many people had been traumatized by the stock market crash that there was a lost generation.

Anybody who plays the stock market not as an insider is like a man buying cows in the moonlight.

I just like to keep my money in the bank; I'm not a big risk-taker. I don't know anything about the stock market... I stay away from things I don't know anything about.

North Korea's whole idea is to create a crisis to solve a crisis. They're so poor and they're so desperate that they realize that this bombastic rhetoric can drive the South Korean stock market down and get the U.S. in a tizzy. And it's a game they've been playing for many, many years.

I hate weekends because there is no stock market.

We had a booming stock market in 1929 and then went into the world's greatest depression. We have a booming stock market in 1999. Will the bubble somehow burst, and then we enter depression? Well, some things are not different.

I was very much a product of the public-school system. There was only one other kid in my class who had parents not involved in the stock market or law.

In essence, the stock market represents three separate categories of business.They are, adjusted for inflation, those with shrinking intrinsic value, those with approximately stable intrinsic value, and those with steadily growing intrinsic value.

History proves... that a smart central bank can protect the economy and the financial sector from the nastier side effects of a stock market collapse.

The culture of self-gratification and deregulation that began during the Clinton years and continued under President George W. Bush led to the bursting of one stock market bubble at the turn of the century and a full-scale financial crash less than a decade later.

You get recessions, you have stock market declines. If you don't understand that's going to happen, then you're not ready, you won't do well in the markets.

I will never be in the stock market. It's just gambling. I'm a gambler, but I'll gamble on the practicality of things.

When the stock market crashed, Franklin Roosevelt got on the television and didn't just talk about the princes of greed. He said, 'Look, here's what happened.'

If stock market experts were so expert, they would be buying stock, not selling advice.