Quote by Alan Greenspan
History has not dealt kindly with the aftermath of protracted periods of low risk premiums.
This quote suggests that throughout history, when there have been extended periods of low risk premiums (the excess return on risky investments compared to risk-free investments), the consequences have been unfavorable. It implies that when investors become too complacent and assume low levels of risk, there is often a price to pay in the future. This may refer to economic recessions, market crashes, or financial crises that tend to occur after prolonged periods of suppressed risk premiums. The quote highlights the importance of maintaining a cautious approach and considering the potential ramifications of low-risk premiums in order to prevent detrimental outcomes.
A plane is a bad place for an all-out sleep, but a good place to begin rest and recovery from the trip to the faraway places you've been, a decompression chamber between Here and There. Though a plane is not the ideal place really to think, to reassess or reevaluate things, it is a great place to have the illusion of doing so, and often the illusion will suffice.