6+ Charles P. Kindleberger Quotes And Sayings

Following is our list of the best Charles P. Kindleberger quotes and sayings.

The period of financial distress is a gradual decline after the peak of a speculative bubble that precedes the final and massive panic and crash, driven by the insiders having exited but the sucker outsiders hanging on hoping for a revivial, but finally giving up in the final collapse. — Charles P. Kindleberger

Much of the profession is empirically bankrupt because it is no longer taught economic history. — Charles P. Kindleberger

The first derivative is the last refuge of a scoundrel. — Charles P. Kindleberger

The propensity to swindle grows parallel with the propensity to speculate during a boom the implosion of an asset price bubble always leads to the discovery of frauds and swindles — Charles P. Kindleberger

Money is a public good; as such, it lends itself to private exploitation. — Charles P. Kindleberger

There is nothing so disturbing to one's well-being and judgment as to see a friend get rich — Charles P. Kindleberger