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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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March 25, 2013 – Quote of the Day

“The stock market is one of those things that looks better the more expensive it gets,” said Barbara Marcin, portfolio manager of the Gabelli Dividend Growth Fund.

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March 22, 2013 – Quote of the Day

“The bond market, like every other market, is artificially overvalued because of the involvement of the Fed,” said Mohamed El’Erian of bond giant, PIMCO.

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March 21, 2013 – Quote of the Day

“Our clients used to think in weeks and days. Today, it’s not even hours– they think in minutes,” said John Schutz of Wells Fargo, the largest financial advisor in Minnesota, with $1.2 billion in assets.

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March 20, 2013 – Quote of the Day

“We’re always worried. As a financial advisor, you live your live worried,” said David Zier of Convergent Wealth, the top financial advisor in Maryland.

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March 19, 2013 – Quote of the Day

“Stocks are a lot safer than investors realize,” said Tom Lee, chief US equity strategist of JP Morgan.

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March 18, 2013 – Quote of the Day

“Right now, by historical standards, stocks are significantly undervalued. “Irrational exuberance” is the last term I would use to characterize the market right now,” said former Federal Reserve chairman, Alan Greenspan.

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March 15, 2013 – Quote of the Day

“I figured it was just as easy to hear “no” from someone who’s wealthy as from someone who is not wealthy,” said Steve Lockshin of Convergent Wealth, the largest independent financial advisor in California, with $10.5 billion in assets.

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March 14, 2013 – Quote of the Day

“ Going to weddings and funerals is part of being a financial advisor,” said Theresa Chacopulos of Wells Fargo Private Banking, the top producing financial advisor in Arizona.

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March 13, 2013 – Quote of the Day

“Interest rates are to investments what gravity is to physics,” said Oracle of Omaha, Warren Buffett.

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March 12, 2013 – Quote of the Day

“China thinks strategically. We think reactively,” said Stephen Roach, former chairman of Morgan Stanley Asia, and my friend and former mentor.

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