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May 21, 2013 – Quote of the Day

“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.

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May 20, 2013 – Quote of the Day

“Man, it feels more and more like 199 every day. Risk is being discounted tremendously,” said venture capitalist, Bill Gurley.

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May 17, 2013 – Quote of the Day

Everybody wants to go to Heaven, but nobody wants to die,” said former congressman Barney Frank about the difficult in achieving true tax reform.

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May 16, 2013 – Quote of the Day

“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.

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May 15, 2013 – Quote of the Day

“The less prudent you find the actions of others, the more prudent you need to act yourself,” said oracle of Omaha, Warren Buffett.

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May 14, 2013 – Quote of the Day

“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.

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May 13, 2013 – Quote of the Day

“Everything begins and ends with quantitative easing”, said Jeffrey Gundlach, the CEO of hedge fund Doubleline Capital, and the new bond king.

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May 10, 2013 – Quote of the Day

“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.

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May 9, 2013 – Quote of the Day

“I don’t know who spends more, Democrats or Republicans, but Democrats seem to enjoy it more,” said former Federal Reserve governor, Bob McTeer.

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May 8, 2013 – Quote of the Day

“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.

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May 7, 2013 – Quote of the Day

“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.

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May 6, 2013 – Quote of the Day

“You cannot trust bankers to control themselves. They’re like heroin addicts,” said Berkshire Hathaway Vice Chairman, Charlie Munger.

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May 3, 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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May 2, 2013 – Quote of the Day

“At some point in 2013, knuckles are going to be turning white, and we’ll see whatever rabbits Ben Bernanke is going to have to pull out of his hat,” said David Rosenberg of Gluskin, Sheff & Associates.

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May 29, 2013 – Quote of the Day

“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.”

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