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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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June 26, 2012 – Quote of the Day

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

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June 25, 2012 – Quote of the Day

“For the president to not focus on the financial industry in the wake of a financial crisis, he would have to be blind,” said former Federal Reserve governor, Paul Volker

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June 22, 2012 – Quote of the Day

“Banks make money on a big fat yield spread. The Fed is killing that,” said Michael Pento of Pento Portfolio Strategies.

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June 21, 2012 – Quote of the Day

“When it comes to reputational risk, the banks can’t really fall off the floor,” said Bart Naylor, a consumer advocate.

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June 20, 2012 – Quote of the Day

“Now, you are starting to see people front run hedge fund books. People are front running John Paulson’s book. Everybody can see this. People are starting to line up the ducks and ask which hedge funds are going to have redemptions. Which position should I get in front of? Gold is a big problem in […]

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June 19, 2012 – Quote of the Day

“If past history is all there was to the game, the richest people would be librarians,” said Oracle of Omaha, Warren Buffett.

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June 18, 2012 – Quote of the Day

“For the last 20 days, I feel like I have played psychologist more than I have played money manager,” said financial talk show host, Kyle Harrington.

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June 15, 2012 – Quote of the Day

“This is not 2008 or 2009. People are getting overblown with this hysteria. We are only 10% off the highs and have only given back gains. It’s like your wife may have been expecting diamond earrings and now she got a blender,” said Alan Knuckman, chief trading advisor at onestopoption.com.

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June 14, 2012 – Quote of the Day

“For Europe to be competitive, to reflect the seizing up of the economy, you need a Euro that is at par or lower,” said John Brynjolfson, managing director of hedge fund Armored Wolf

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June 13, 2012 – 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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