Wealth quote of the day by Milton Friedman: Wealth quote of the day by Nobel Laureate Milton Friedman: “The stock market is filled with individuals who know the price of everything, but the value of nothing” — How monetarism explains market cycles
Wealth quote of the day by Nobel Laureate Milton Friedman: “The stock market is filled with individuals who know the price of everything, but the value of nothing” Milton Friedman (1912–2006), winner of the 1976 Nobel Memorial Prize in Economic Sciences, remains one of the most cited economists in modern financial history. His research on consumption analysis, monetary history, and stabilization policy reshaped how governments, central banks, and investors think about money. Friedman, a leading voice of the Chicago School of Economics, consistently argued that markets work best when prices reflect real economic value, not speculation, hype, or short-term emotion.
That is why his observation about the stock market still resonates….
