"The next leg of the bull market is going to have to be a fundamental leg, not a liquidity leg, and investors are in a little bit of a malaise trying to figure that out," said Anthony Scaramucci of Skybridge Capital.
"The future ain't what it used to be," said the former New York Yankees baseball manager, Yogi Berra.
"If horses could have voted, there never would have been cars," said my friend, Tom Friedman, a columnist at the New York Times.
"A pessimist sees the difficulty in every opportunity; an optimist sees the opportunity in every difficulty," said the late British Prime Minister, Winston Churchill.
"It is fine to have the longest view in the room, as long as the thing at the end of the vista is a gigantic hill of money," said John Lanchester of The New Yorker magazine.
“It’s really dangerous to look for rationality in the market, so much of it is psychology…. Stocks will rotate from flawless to hopeless,” said Howard Marks of Oaktree Capital Management.
“This isn’t a choice between vanilla and chocolate, folks! It’s all rocky road: a few marshmallows to get you excited before the elections, but with a lot of nuts to ruin the aftermath,” said the ever insightful Bill Gross at PIMCO.
“Babies born in America today are the luckiest crop in history,” said Oracle of Omaha Warren Buffett.
“Nine-tenths of tactics were certain enough to be teachable in schools. The irrational tenth was like the kingfisher flashing across the schools,” said TE Lawrence, known as Lawrence of Arabia.
“When asked how he manages the time to be chairman of Microsoft, run the world’s largest charity, and raise three kids, Bill Gates answered, “I don’t mow the lawn.”
