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April 16, 2013 – Quote of the Day

“Taxes are what we pay for a civilized society,” said Oliver Wendell Holmes, a Supreme Court justice servicing at the time of the enactment of the tax code in 1913. The slogan is inscribed in huge letters on the face of the IRS headquarters in Washington DC.

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April 15, 2013 – Quote of the Day

“It’s never a pretty hand off when you go from the growth crowd to the value crowd. The baton always seems to get dropped,” said Kevin Landis of First Hand Capital Management, about this year’s share price action in Apple.

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April 12, 2013 – Quote of the Day

“When you look at the size of the US work force over the next 30 years, it is going to increase by 30%. That compares to Japan, where it is going to be shrinking, Europe, where it is contracting, and even China, where it turns down. The idea that the baby boomers are going to […]

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April 11, 2013 – Quote of the Day

There are three things that kill bull markets, interest rates, inflation, and valuation, and none of those are prevalent as we sit here. Equity markets are discounting too pessimistic of a future,” said Jeff Mortimer, Director of Investment Strategy, BNY Mellon Wealth Management.

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April 10, 2013 – Quote of the Day

“Nobody knew it was August, 1982 until it was August, 1984,” said Chris Verone, head of technical analysis at research boutique Strategas.

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April 9, 2013 – Quote of the Day

“Give me a trillion dollars, and I’ll show you a good time too. I’m somewhat skeptical, because I know it’s going to end badly,” said hedge fund legend, Jim Rogers.

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April 8, 2013 – Quote of the Day

“Thinking is the hardest work there is, which is probably why so few engage in it,” said entrepreneur Henry Ford.

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April 5, 2013 – Quote of the Day

“Risk control is the best route to loss avoidance. Risk avoidance, on the other hand, is likely to lead to return avoidance as well, said Howard Marks, founder of distressed debt giant, Oaktree Capital Management.

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April 4, 2013 – Quote of the Day

“Economic forecasting exists to make astrologers look good,” said for Secretary of Labor, Robert Reich.

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April 3, 2013 – Quote of the Day

“Technology always disappoints in 2 years but goes farther than you then in 10 years.” said Todd Wagner, CEO of 2929 Entertainment, and founder, with Mark Cuban, of Broadcast.com.

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April 2, 2013 – Quote of the Day

“When a manager with a reputation for brilliance takes a business with poor fundamental economics, it is the reputation of the business that remains intact,” said oracle of Omaha, Warrant Buffett.

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April 1, 2013 – Quote of the Day

“China is still the 800 pound gorilla. Maybe it’s no longer going to grow at 10%, but it’s still going to grow at a faster rate than Europe or the US,” said Edwin Rodriguez Jr., the biggest fianncial advisor in Louisiana, with $2.8 billion in assets.

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March 28, 2013 – Quote of the Day

“I’m not in favor of breaking up the large banks. But if push comes to shove and there is no other way to eliminate the “too big to fail” problem, which is getting worse, and not better, I would be in favor of breaking up the big banks,” said former Federal Reserve chairman, Alan Greenspan.

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March 27, 2013 – Quote of the Day

“We underestimated the negative impact of the slowdown in the housing market, and we may be underestimating the tail wind in its recovery,” said Uwe Mark Ruttke of Merrill Lynch, the top financial advisor in Colorado.

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March 26, 2013 – Quote of the Day

“For the first time in history, more people will die from eating too much food this year than not enough food, said my old friend and mayor of New York, Michael Bloomberg, about his recent attempt to ban 16 ounce soft drinks in the city.

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