“Incentive structures work, so you have to be very careful about what you incent people to do because various incentive structures create all sorts of consequences which you can’t anticipate,” said Apple founder Steve Jobs.
“Believe nothing that you hear, and half of what you see,” said the legendary investor, Ron Baron.
"Whenever I hear someone in finance say that a one in two-billion-year event just happened, I say that you just demonstrated you have a model for measuring tail risk that isn't any good," said former Treasury Secretary and Harvard University President Larry Summers.
"The time to worry about the Fed is not when they go from accommodative to neutral, it is when they go from neutral to tight," said Bill Miller, the legendary former chairman and chief investment officer of Legg Mason Capital Management.
“If politicians delivered everything they promised, there would be absolutely no reason to go to Heaven,” said American humorist Will Rodgers.
“Semiconductors are the new industrials,” said Josh Brown of Ritholtz Wealth Management.
"Kamikaze missions are rarely successful, least of all for the pilots," said Robert Gibbs, former White House Press Secretary.
"It is fine to have the longest view in the room, as long as the thing at the end of the vista is a gigantic hill of money," said John Lanchester of The New Yorker magazine.
“Short term volatility creates long term opportunity, said Rupal Bhansali, of the Ariel International Fund.
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