Substantial Quotes
A decline in the national housing price level would need to be substantial to trigger a significant rise in foreclosures, because the vast majority of homeowners have built up substantial equity in their homes despite large mortgage-market financed withdrawals of home equity in recent years.
Alan Greenspan
A price decline is of no real importance to the bona fide investor unless it is either very substantial say, more than a third from cost or unless it reflects a known deterioration of consequence in the company's position. In a well-defined bear market many sound common stocks sell temporarily at extraordinary low prices. It is possible that the investor may then have a paper loss of fully 50 per cent on some of his holdings, without any convincing indication that the underlying values have been permanently affected.
Benjamin Graham
The fears of recession in the aftermath of Black Monday have turned to fears of the economy racing ahead too fast, with inflation edging up and a substantial current account deficit...people understandably feel more confident about their future than they've done for decades, but as a result they have been borrowing more and saving less...coming on top of a massive income investment boom, it's all been just a bit too much of a good thing.
Nigel Lawson
There'd been studies over the years supporting the proposition that groups composed exclusively of women usually made intelligent decisions, that exclusively male groups did a bit less well, and that mixed groups did most poorly of all, by a substantial margin. It appeared that, when women were present, testosterone got the upper hand and men took greater risks than they might otherwise. Correspondingly, women in the mixed group tended to revert to roles, becoming more passive, and going along with whatever misjudgment the males might perpetrate.
Jack McDevitt