April 23, 2014 – Quote of the Day

thunderbird_1

“We are one budget deal away from being the hot spot of the world. Europe is in the toilet, China’s growth has fallen down, and the Middle East is going backwards. We have a lot of potential for fracking and innovation. If we can prove our nation is governable, we will be the golden spot in the world,” said David Brooks, a conservative columnist for the New York Times. … [Read more...]

April 11, 2014 – Quote of the Day

Man on a horse

“Putin is a man of Russia’s past, haunted by lost empire, lost glory, and lost power. As long has he remains in that office, Russia’s internal problems will not be addressed. Russia’s neighbors will continue to be subject to bullying from Moscow. While the tensions and threats of the cold war will not return, the opportunity to cooperate with the US and Europe will be limited,” … [Read more...]

April 3, 2014 – Quote of the Day

The Ides of March

The F-22 stealth fighter program has had a long slide from its original proposal of 750 aircraft in 1986, to 187 today. Over 25 years, it has suffered almost as many cuts from as many hands as Julius Caesar had,” said former Secretary of Defense, Robert M. Gates. … [Read more...]

April 2, 2014 – Quote of the Day

zimbabwe-1

“Over the long term, all of the fiat currencies of the world are involved in a competitive devaluation. The structural stresses in most of the western economies are such that centrals banks will attempt to continue to substitute liquidity for solvency.” said Rick Rule, chairman of Sprott US Holdings, a precious metals specialist. … [Read more...]

March 31, 2014 – Quote of the Day

“It's very difficult to navigate a business through a paradigm shift. You must hard wire your system to second guess all the time, questioning what is next, and then what is next. You've got to retain optionality for both investment portfolios and the business your run to navigate this well,” said Mohamed El-Erian, former co-chairman of the bond house PIMCO. … [Read more...]

March 18, 2014 – Quote of the Day

Mike Myers Dr. Evil

“It’s basically evil, and I don’t think it should ever be allowed to reach the size that it did. Why should everyone pay a small group of people to basically engage in legalized front running of our orders,” said Berkshire Hathaway Vice Chairman, Charlie Munger, about high frequency trading.   … [Read more...]

February 19, 2014 – Quote of the Day

Sign - True False

“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 overwhelm this huge growth in the work force is a myth,” said Scott Minerd of money manager, Guggenheim … [Read more...]

January 29, 2014 – Quote of the Day

Oliver Wendell Holmes

“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. … [Read more...]

January 23, 2014 – Quote of the Day

Military Police & Flowers

“The dirty little secret in Washington is that the biggest doves wear uniforms. They have seen wars and they have seen consequences. They have also been sent into conflict and then seen political support evaporate. We need to be a lot more careful when deploying our military forces,” said former Secretary of Defense, Robert Gates. … [Read more...]

January 17, 2014 – Quote of the Day

Operator

“There are two giant entities at work in our country, and they both have an amazing influence on our daily lives. . . one has given us radar, sonar, stereo, teletype, the transistor, hearing aids, artificial larynxes, talking movies, and the telephone. The other has given us the Civil War, the Spanish-American War, the First World War, the Second World War, the Korean War, the … [Read more...]

December 27, 2013 – Quote of the Day

Dinasaur

“People are investing with a rear view mirror. Last year, you had people legitimately scared out of the market. Unfortunately, you are losing a generation of investors at a time when they ought to be thinking about buying high quality stocks,” said Hersh Cohen of Clearbridge Advisors. … [Read more...]

December 17, 2013 – Quote of the Day

Ping Pong

I don’t know that the retail investor matters anymore. They didn’t come back to the market after the 2000 crash. The idea that the individual investor believes in the stock market now is challenged. We have a market that is increasingly institutional investors trading back and forth with each other”, said Dan Greenhouse, chief global strategist at BTIG. … [Read more...]

December 16, 2013 – Quote of the Day

Student

“The rule of thumb is to do your homework, do your analysis, don’t give up prudent risk management for the sake of certain fads. Look for real valuations, and stay true to your time frames,” said Marc Chandler, the global head of currency strategy at Brown Brothers Harriman. … [Read more...]

December 12, 2013 – Quote of the Day

thunderbird_1

“We are one budget deal away from being the hot spot of the world. Europe is in the toilet, China’s growth has fallen down, and the Middle East is going backwards. We have a lot of potential for fracking and innovation. If we can prove our nation is governable, we will be the golden spot in the world,” said David Brooks, a conservative columnist for the New York Times. … [Read more...]

November 26, 2013 – Quote of the Day

Baseball

“I think we’re in the middle of the game, maybe the fourth or fifth inning. I really think this thing has another five years to go. It’s going to take that long before people become confident enough and they start becoming confident enough and blowing themselves up again,” said John Paulson of Wells Capital Management. … [Read more...]

November 22, 2013 – Quote of the Day

House Fire

“Housing in terms of price has put in a real bottom. I’m not looking for a housing bull market. We are in the second phase of a housing bear market. But the good news is that we can correct the rest of the way back to the long term trend through time, rather than price on a national basis,” said Josh Brown, a real estate analyst. … [Read more...]

November 20, 2013 – Quote of the Day

Drill_sergeant_screams

“The days of leading companies or countries via a one-way conversation are over. The old system of ‘command and control’ – using carrots and sticks --to exert power over people is fast being replaced by ‘connect and collaborate’.” said author Dov Seidman. … [Read more...]

November 19, 2013 – Quote of the Day

Four Stars

“America’s colleges and universities churn out lots of liberal arts graduates….By and large, the economy doesn’t need all these generals. We’re not training enough scientists and engineers. The high schools used to churn out enough people with technical skills in the fifties and sixties, but not so today. It’s cheaper just to prepare everyone to go to college and pretend that a … [Read more...]