“Outsourcing is quickly becoming mostly outdated as a business model,” said GE CEO, Jeffrey Immelt.
“We don’t want to go from Wild Turkey to cold turkey overnight,” said Richard Fisher, president of the Dallas Federal Reserve.
“It’s basically evil, and I don’t think it should ever be allowed to reach the size that it did. Why should everyone pay a small group of people to basically engage in legalized front running of our orders,” said Berkshire Hathaway Vice Chairman, Charlie Munger, about high frequency trading.
“Man, it feels more and more like 199 every day. Risk is being discounted tremendously,” said venture capitalist, Bill Gurley.
Everybody wants to go to Heaven, but nobody wants to die,” said former congressman Barney Frank about the difficult in achieving true tax reform.
“Guys that are short, they better have a shovel to dig themselves out of the grave,” said legendary hedge fund manager, David Tepper, of Appaloosa Management.
“The less prudent you find the actions of others, the more prudent you need to act yourself,” said oracle of Omaha, Warren Buffett.
“An analyst is someone who knows a lot about a few things, and learns more and more about less and less, until eventually, he knows everything about nothing,” said Howard Marks, chairman of Oaktree Capital Management, at the Las Vegas SkyBridge Alternative Asset Conference.
“Everything begins and ends with quantitative easing”, said Jeffrey Gundlach, the CEO of hedge fund Doubleline Capital, and the new bond king.
“Transparency is a good idea. Like my shower door, it lets in the light, but keeps out the flies,” said former Federal Reserve governor, Bob McTeer.
“I don’t know who spends more, Democrats or Republicans, but Democrats seem to enjoy it more,” said former Federal Reserve governor, Bob McTeer.
“Bonds are priced artificially because you’ve got some guy buying $85 billion a month. That will change at some point, and when it does, people are going to lose a lot of money,” said oracle of Omaha, Warren Buffett.
“The private economy is OK here. It is absorbing these body blows from Washington. Housing and energy could offset the shenanigans coming out of there,” said Stephen Wood, CIO with Russell Investments Group.
“You cannot trust bankers to control themselves. They’re like heroin addicts,” said Berkshire Hathaway Vice Chairman, Charlie Munger.
“The investor in America sits at the bottom of the food chain,” said John C. Bogle, founder of the Vanguard Group of index funds.
- Trade Alert – (AAPL) May 23, 2013 May 23, 2013
- May 23, 2013 May 23, 2013
- July 8 London Strategy Luncheon May 23, 2013
- The American Onshoring Trend is Accelerating May 23, 2013
- Hedge Funds: The New Dumb Money May 23, 2013
- May 23, 2013 – Quote of the Day May 23, 2013
- May 22, 2013 May 22, 2013
- July 25 Portofino, Italy Strategy Luncheon May 22, 2013
- Five Stocks to Buy for the Second Half May 22, 2013
- Testimonial May 22, 2013
- SOLD OUT! San Francisco November 4th Strategy Luncheon October 25, 2011
- My 2012-13 Stock Market Forecast. October 31, 2012
- Last Chance to Come Join Me for the Paris Strategy Luncheon – July 17, 2012 July 15, 2012
- Will Gold Coins Suffer the Fate of the $10,000 Bill? November 25, 2011
- My Personal Leading Economic Indicator November 25, 2011
- SOLD OUT! December 27 Chicago Strategy Luncheon December 22, 2011
- An Evening With the Chinese Intelligence Service December 25, 2011
- Take a Look at Occidental Petroleum (OXY) December 26, 2011
- Another Nail in the Euro Coffin January 16, 2012
- Sold Out! Las Vegas January 27, 2012 Strategy Luncheon January 23, 2012