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July 23, 2012 – Quote of the Day

“We’re all just one trade away from humility, Bud,” said a stockbroker in the classic film, Wall Street.  

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July 20, 2012 – 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 18, 2012 – Quote of the Day

“I’m long tear gas after the Athens experience. They are going to need that tear gas in Rome and Madrid at some point,” said Steve Cortez at Veracruz Research.

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July 17, 2012 – 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, 2012 – Quote of the Day

“People think that Treasury bonds are riskless, but a 100 basis point rise in interest rates leads to an 18% capital loss,” said Andrew Neale, a portfolio manager at Fogel Neale Partners.

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July 13, 2012 – Quote of the Day

“I’m long tear gas after the Athens experience. They are going to need that tear gas in Rome and Madrid at some point,” said Steve Cortez at Veracruz Research.

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July 12, 2012 – 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 11, 2012 – 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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July 9, 2012 – Quote of the Day

“We are still in the gravitational pull of the Great Recession. I would have to put the likelihood of a double dip recession now up to 50%,” said my old UC Berkeley economics professor, Robert

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July 9, 2012 – Quote of the Day

“Earnings models that have worked over the last 10, 20, or 30 years don’t hold water anymore,” said Paul Schatz, president of Heritage Capital.

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July 5, 2012 – Quote of the Day

Sometimes we stare so long at a door that is closing that we see too late the one that is open,” said Alexander Graham Bell, inventor of the telephone.

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July 2, 2012 – 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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June 29, 2012 – 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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June 28, 2012 – Quote of the Day

“If there were no way to short stocks, the probability of stock market bubbles would be much greater,” said hedge fund manager, Bill Ackman, of Pershing Square.

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June 27, 2012 – Quote of the Day

“The number one performing stock market of the past ten years in nominal terms has been Zimbabwe. But if you bought equities there you lost all your money because the ZWD$3 trillion you made now buys you three eggs,” said Kyle Bass of hedge fund, Hyman Capital.

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