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July 25, 2013 – Quote of the Day

“To get rich is glorious!” said Deng Xiaoping, the Chinese general who launched the country’s modern economy in the seventies.

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July 24, 2013 – Quote of the Day

“The Fed only knows two speeds; too fast, and too slow,” said Nobel Prize winning economist Milton Friedman to me over lunch one day.

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July 23, 2013 – Quote of the Day

“I enjoy issuing Berkshire stock as much as I relish preparing for a colonoscopy” said Oracle of Omaha Warren Buffet of Berkshire Hathaway (BRK/A).

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July 22, 2013 – Quote of the Day

“Who knew the blockbuster this year would be a horror show,” said Tony Crescenzi, market strategist and portfolio manager at bond giant, PIMCO.

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July 19, 2013 – Quote of the Day

“Average” is officially over”, said columnist, Tom Freidman, of the New York Times.

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July 18, 2013 – Quote of the Day

“Take 200 round trips to Australia, and you really start to rack up the miles,” said Tom Stoker an automotive sales analyst who just surpassed 10 million frequent flier points on United Airlines. It makes my own 1 million miles seem puny by comparison.

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July 17, 2013 – Quote of the Day

“It’s a bit like looking for gold in a minefield,” said Fidelity International’s China Special Situation Fund manager, Anthony Bolton, amid widespread accounting fraud in the country.

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July 16, 2013 – Quote of the Day

Sometimes you need the man behind the curtains to be the Great Oz,” said Drew Mattis, the senior economist at UBS.

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July 15, 2013 – Quote of the Day

“Never again will the dollar be held hostage in the hands of speculators,” said President Richard Nixon when he took the US off the gold standard in 1971. The Dow Average posted its largest point gain in history the next day.

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July 12, 2013 – Quote of the Day

“The investor in America sits at the bottom of the food chain,” said John C. Bogle, founder of the Vanguard Group of index funds.

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July 11, 2013 – Quote of the Day

“We cannot continue to run trillion dollar deficits and remain a powerful nation,” said Leon Panetta, the former Director of the CIA

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July 10, 2013 – Quote of the Day

“We have few, if any spare tires left,” said Mohamed El-Erian, CIO of mega bond house PIMCO, about the nail studded road ahead for the US economy.

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July 9, 2013 – Quote of the Day

“People are investing with a rear view mirror. Last year, you had people legitimately scared out of the market. Unfortunately, you are losing a generation of investors at a time when they ought to be thinking about buying high quality stocks,” said Hersh Cohen of Clearbridge Advisors.

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July 8, 2013 – Quote of the Day

“We’ve seen the S&P 500 drop 50% twice in the last decade. That is the new normal”, said Richard Kang of Emerging Global Advisors.

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July 5, 2013 – Quote of the Day

“Free choice is not relevant in financial markets because there are too many players. A stock with a million holders is much more predictable than one with five,” said Charles Nenner, of Charles Nenner Research in Amsterdam.

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