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22 Wisest Russell Napier Quotes on Investing (MONEY)

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Top 10 Most Famous Russell Napier Quotes (BEST)

Capitalism without bankruptcy is like Christianity without hell.
Capitalism without bankruptcy is like Christianity without hell.
To understand markets, you must first understand people; and to understand people, you must first understand history.
To understand markets, you must first understand people; and to understand people, you must first understand history.
Financial history is the most important thing to study for anyone seeking to avoid the mistakes of the past.
Financial history is the most important thing to study for anyone seeking to avoid the mistakes of the past.
In a world of quantitative easing, the old adage of 'Don’t fight the Fed' needs to be rewritten as 'Don’t trust the Fed.'
In a world of quantitative easing, the old adage of ‘Don’t fight the Fed’ needs to be rewritten as ‘Don’t trust the Fed.’
Inflation is a tax, and that tax can only be imposed by governments.
Inflation is a tax, and that tax can only be imposed by governments.
Monetary policy is about the redistribution of wealth and income from the masses to the classes.
Monetary policy is about the redistribution of wealth and income from the masses to the classes.
When it comes to investment in equities, it is indeed true that everything comes to he who waits.
When it comes to investment in equities, it is indeed true that everything comes to he who waits.
Every era has a monetary paradigm that drives investment and speculation.
Every era has a monetary paradigm that drives investment and speculation.
The most important thing about any monetary system is that it provides a stable unit of account.
The most important thing about any monetary system is that it provides a stable unit of account.
There is a big difference between 'investing' and 'speculating.' Knowing that difference is critical to success.
There is a big difference between ‘investing’ and ‘speculating.’ Knowing that difference is critical to success.

12 Wise Russell Napier Quotes on Excess Money & Credit Bubble (WISDOM)

“Credit bubbles are an attempt to get around the reality that real income cannot support the demand for goods and services, by using artificially low interest rates to pull spending from the future into the present.”

Russell Napier
A credit bubble is a short-term solution that creates long-term problems.
A credit bubble is a short-term solution that creates long-term problems.
Bull markets are born on pessimism, grow on skepticism, mature on optimism, and die on euphoria.
Bull markets are born on pessimism, grow on skepticism, mature on optimism, and die on euphoria.
Credit bubbles cause prices to rise; they do not themselves raise prices.
Credit bubbles cause prices to rise; they do not themselves raise prices.
Every financial crisis is made out of excess money and credit.
Every financial crisis is made out of excess money and credit.
The real point about credit bubbles is that they are fueled by the promise of government actions, not the reality of what has been achieved.
The real point about credit bubbles is that they are fueled by the promise of government actions, not the reality of what has been achieved.
Credit is like a drug. Initially, it feels great as it stimulates economic activity, but eventually, you become addicted and require more and more to achieve the same effect.
Credit is like a drug. Initially, it feels great as it stimulates economic activity, but eventually, you become addicted and require more and more to achieve the same effect.
The first law of bubbles is that they are always in the interests of the bubble blowers. The second law of bubbles is that they are always followed by a bust.
The first law of bubbles is that they are always in the interests of the bubble blowers. The second law of bubbles is that they are always followed by a bust.
A credit bubble occurs when there is a breakdown between the willingness to save and the willingness to invest.
A credit bubble occurs when there is a breakdown between the willingness to save and the willingness to invest.
Credit is always the disease that masquerades as the cure.
Credit is always the disease that masquerades as the cure.
Credit is the oil in the engine of economic growth, but too much oil can cause the engine to seize.
Credit is the oil in the engine of economic growth, but too much oil can cause the engine to seize.
Credit bubbles are created when people believe that asset prices will keep rising indefinitely and that there is no need for caution or restraint.
Credit bubbles are created when people believe that asset prices will keep rising indefinitely and that there is no need for caution or restraint.

(MUST READ) The Asian Financial Crisis 1995–98: Birth of the Age of Debt

The Asian Financial Crisis 1995–98: Birth of the Age of Debt
The Asian Financial Crisis 1995–98: Birth of the Age of Debt

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Wisest Russell Napier Quotes on Investing (MONEY) - Gracious Quotes