June 2, 2014 – Quote of the Day

Electrical Adaptors

“Apple is an electric utility now. People don’t want them changing the wall sockets. People will pay them not to change,” said Roger McNamee, cofounder of venture capitalist Elevation Partners. … [Read more...]

May 29, 2014 – Quote of the Day

Vladimir Putin

“I think this is about Russia reasserting itself on the international stage, basically saying that Russia is back and is a force to be reckoned with. I think we underestimated for a long time the extent of the humiliation that Russians felt after the collapse of the Soviet Union,” said former Secretary of Defense and CIA head Robert M. Gates. … [Read more...]

May 28, 2014 – Quote of the Day

Benjamin Franklin

“We live in a century that is too little advanced and too near the infancy of science to see such an art brought in our time to perfection,” said Benjamin Franklin in 1773. … [Read more...]

May 23, 2014 – Quote of the Day

Ocean - Lighthouse

“Getting information off the internet is akin to trying to sweep back the ocean with a broom,” said Ray Kurzweil, director of engineering at Google. … [Read more...]

May 22, 2014 – Quote of the Day

Security-Washington DC

“I think the greatest national security threat to the United States at this point is the two square miles in Washington DC that encompasses the Congress and the White House,” said former Secretary of Defense and CIA head Robert M. Gates. … [Read more...]

May 21, 2014 – Quote of the Day

Financials Knife in Hand

“The stupid market cliché about catching a falling knife is actually happening now. This is a falling knife. You have to look at the market as a hot air balloon. You only want to grab it as it is going up. I don’t think dollar cost averaging is the plan here,” said Bob Iaccino at Traderoutlook.com. … [Read more...]

May 20, 2014 – Quote of the Day

Warren Buffet

“Most of the time, stocks are in a zone of reasonableness. I think stocks are reasonable now,” said Oracle of Omaha, Berkshire Hathaway’s Warren Buffett. … [Read more...]

May 16, 2014 – Quote of the Day

David Tepper

“The worse things are, the better they will get. When they are truly awful, it is a great time to buy,” said David Tepper, the legendary hedge fund manager at Appaloosa Management LP. … [Read more...]

May 15, 2014 – Quote of the Day

Colin Powell 2

“I once had to decide how to deploy the most powerful army in history. Now the big decision of the day is whether to eat at Taco Bell or Burger King,” said former Secretary of State, General Colin Powell. … [Read more...]

May 12, 2014 – Quote of the Day

Magician

“Any sufficiently advanced technology is indistinguishable from magic, said Arthur C. Clark, futurologist and author of 2001: A Space Odyssey. … [Read more...]

May 9, 2014 – Quote of the Day

Evolution - Homo Sapiens

“Homo Sapiens, the first truly free species, is about to decommission the natural selection, the force that made us,” said E.O. Wilson, a Harvard University biology professor. … [Read more...]

May 7, 2014 – Quote of the Day

Ticker Tape

Where a calculator on the Eniac is equipped with 18,000 tubes and weighs 30 tons, computers in the future may have only 1,000 vacuum tubes, and weigh 1.5 tons,” said Popular Mechanics magazine in 1949. … [Read more...]

May 2, 2014 – Quote of the Day

Surfing

“Most inventions fail because the timing is wrong. Inventing is a lot like surfing. You have to anticipate and catch the wave just at the right moment,” said computer scientist and futurologist, Ray Kurzweil. … [Read more...]

May 1, 2014 – Quote of the Day

Rockettes

“The next leg of the bull market is going to have to be a fundamental leg, not a liquidity leg, and investors are in a little bit of a malaise trying to figure that out,” said Anthony Scaramucci of Skybridge Capital. … [Read more...]

April 28, 2014 – Quote of the Day

Bad-Good Meter

When you develop your opinions on the basis of weak evidence, you will have difficulty interpreting subsequent information that contradicts these opinions, even if this new information is obviously more accurate,” said Nassim Nicholas Taleb, author of Antifragile: Things That Gain from Disorder.” … [Read more...]

April 25, 2014 – Quote of the Day

Theif Cartoon

“By a continuing process of inflation, government can confiscate, secretly and unobserved, an important part of the wealth of their citizens,” said the ground breaking British economist, John Maynard Keynes. … [Read more...]

April 24, 2014 – Quote of the Day

Soldiers - Grieving

In the 40 years since Vietnam, our record in predicting where we will be militarily engaged next, even six months out, is perfect. We’ve never gotten it right. Not in Grenada, Haiti, Panama, Libya (twice), Iraq (twice), Afghanistan, the Balkans, or Somalia. We need a lot more humility,” said former Secretary of Defense, Robert M. Gates. … [Read more...]

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 17, 2014 – Quote of the Day

Revoluntionary War Painting

“You will get paid. Throughout history, all smart governments made sure the guys with the guns got paid first,” said former Secretary of Defense, Robert M. Gates, assuring that soldiers would still receive salaries in the wake of the sequester. … [Read more...]

April 16, 2014 – Quote of the Day

Face of Fear

“Everybody talks about the Volatility Index (VIX), but the new fear gauge is the ten year Treasury bond,” said Art Cashin of UBS Financial Services. … [Read more...]

April 14, 2014 – Quote of the Day

Dentist - Drill

“If economists could manage to get themselves thought of as humble, competent people, on a level with dentists, that would be splendid,” said the ground breaking economist, John Maynard Keynes.   … [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 10, 2014 – Quote of the Day

Secret-Whisper-Gossip

“How can a government go on, publishing all their negotiations with foreign nations, I know not,” said John Adams, America’s second president, lamenting its tendency to leak like a sieve. … [Read more...]

April 9, 2014 – Quote of the Day

firingsquad

“If You’ve lived long enough on Wall Street, you know that we shoot our wounded and eat our young,” said Brad Hintz, an analyst with Sandford Bernstein. … [Read more...]

April 8, 2014 – Quote of the Day

Mouse Cuffs

“The three most harmful addictions are heroin, carbohydrates, and a monthly salary,” said Nassim Nicholas Taleb, author of Antifragile: Things That Gain from Disorder.” … [Read more...]

April 7, 2014 – Quote of the Day

Lawn Smiley Face

“When asked how he manages the time to be chairman of Microsoft, run the world’s largest charity, and raise three kids, Bill Gates answered “I don’t mow the lawn.” … [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...]

April 1, 2014 – Quote of the Day

Obama Inaugeration

“It is very important for President Obama to succeed,” said former President George W. Bush to Defense Secretary Robert M. Gates, three weeks after the inauguration. … [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 28, 2014 – Quote of the Day

Grave Diggers

“Guys that are short, they better have a shovel to dig themselves out of the grave,” said legendary hedge fund manager, David Tepper, of Appaloosa Management. … [Read more...]

March 27, 2014 – Quote of the Day

Monopoly guy smoking cigar

“Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone,” said the legendary economist, John Maynard Keynes, founder of the modern monetary system. … [Read more...]

March 26, 2014 – Quote of the Day

Pearl Harbor

“I suspect no one in the world doubts this administration’s willingness to use force. But we should only use it as a last resort, not as a first step….We don’t do Pearl Harbors,” said former Secretary of Defense and CIA Chief Robert M. Gates. … [Read more...]

March 25, 2014 – Quote of the Day

Mouse Cuffs

“The three most harmful addictions are heroin, carbohydrates, and a monthly salary,” said Nassim Nicholas Taleb, author of Antifragile: Things That Gain from Disorder.” … [Read more...]

March 24, 2014 – Quote of the Day

wile_e_coyote_gravity

“Interest rates are the physical gravity of financial assets. The lower they are, the higher assets will levitate,” said Anthony Scaramucci, the founder and managing partner of SkyBridge Capital, a leading hedge fund of funds. … [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...]

March 12, 2014 – Quote of the Day

Janet Leigh

“Transparency is a good idea. Like my shower door, it lets in the light, but keeps out the flies,” said former Federal Reserve governor, Bob McTeer.   … [Read more...]

March 11, 2014 – Quote of the Day

Money-$100 Bills

“I don’t know who spends more, Democrats or Republicans, but Democrats seem to enjoy it more,” said former Federal Reserve governor, Bob McTeer. … [Read more...]

May 10, 2014 – Quote of the Day

Woman-with large chest

“Bonds are priced artificially because you’ve got some guy buying tens of billions of dollars worth a month. That will change at some point, and when it does, people are going to lose a lot of money,” said oracle of Omaha, Warren Buffett. … [Read more...]

March 7, 2014 – Quote of the Day

Boxers-Fight

“The private economy is OK here. It is absorbing these body blows from Washington. Housing and energy could offset the shenanigans coming out of there,” said Stephen Wood, CIO with Russell Investments Group. … [Read more...]

March 5, 2014 – Quote of the Day

Girl Drinking Beer

“I only invest in beer drinking countries, never wine drinking countries,” said Ben Horowitz, co-founder of venture capital form Andreeson Horowitz. … [Read more...]

February 27, 2014 – Quote of the Day

monks

“At some point in 2014, knuckles are going to be turning white, and we'll see whatever rabbits Janet Yellen is going to have to pull out of her hat,” said David Rosenberg of Gluskin, Sheff & Associates. … [Read more...]

February 21, 2014 – Quote of the Day

Woman-Anxiety

“There’s a lot of performance anxiety out there right now. There’s nothing worse than sitting on cash watching a market go up double digits,” said Tom Lee, chief US equity strategist of JP Morgan. … [Read more...]

February 20, 2014 – Quote of the Day

Hillary Clinton

“Asking if Hillary Clinton is going to run for president in 2016 is like asking if John Dillinger is going to rob a bank,” said conservative commentator, Mike Murphy. … [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...]

February 12, 2014 – Quote of the Day

Gorilla

“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. … [Read more...]

February 10, 2014 – Quote of the Day

Woman in glasses

“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. … [Read more...]

January 30, 2014 – Quote of the Day

I can tell you from talking to institutions that, after 14 years of having their hearts broken by the stock market, they are still leery of stocks even with the recent rally,” said Howard Marks, founder of distressed debt giant, Oaktree Capital Management. … [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 24, 2014 – Quote of the Day

The Thinker

“You are going to do really well this year ignoring the noise and thinking about the long term fundamentals,” said Rob Secham of UBS Private Wealth Management. … [Read more...]

January 21, 2014 – Quote of the Day

Helicopter

“In the last 40 years, our record at predicting where we would use military force next is perfect. We’ve never once gotten it right,” 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...]

January 15, 2014 – Quote of the Day

Angels Models

“The transition from a levering, asset-inflating secular economy to a post bubble delivering era may be as difficult for one to imagine as our departure into the hereafter,” said PIMCO managing director, Bill Gross, the world’s largest bond manager. … [Read more...]

December 31, 2013 – Quote of the Day

Walter Bagehot

“A central bank is best that governs least, but is prepared to govern radically when called upon,” said 19th century man of letters, Walter Bagehot, an early editor of The Economist … [Read more...]

December 30, 2013 – Quote of the Day

Ben Bernanke

“We’re still operating off of Jackson Hole, 2011 when Ben Bernanke delivered his famous speech preceding quantitative easing,” said foreign exchange trader, Ira Harris. … [Read more...]

December 24, 2013 – Quote of the Day

ice cream

“This isn’t a choice between vanilla and chocolate folks, it’s all rocky road: a few marshmallows to get you excited before the elections, but with a lot of nuts to ruin the aftermath,” said the ever insightful, Bill Gross, at PIMCO. … [Read more...]

December 19, 2013 – Quote of the Day

Woman-Christmas

“If the Fed brings a lump of coal in the form of a taper, then they better brings some candy canes for the kids as well. It looks like they did,” said Bill Gross, CEO of bond giant, PIMCO. … [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...]

December 6, 2013 – Quote of the Day

Warren Buffett

“Money will always flow towards opportunity, and there is an abundance of that in America….America’s best days lie ahead” said “Oracle of Omaha”, Warren Buffet, CEO and the largest shareholder in Berkshire Hathaway. … [Read more...]

December 3, 2013 – Quote of the Day

Nolan Bushnell

Steve Jobs offered me one third of Apple for $50,000 and I was so smart that I turned it down. It’s funny when you think about it now, except when I’m crying,” said Nolan Bushnell, the founder of game company Atari and Jobs’ first employer. … [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 25, 2013 – Quote of the Day

Snape - Harry Potter

“For the investor who has a strategically allocated portfolio, who are three to five years away from needing their capital, should think of selling the beloved and buying the loathed,” said JJ Burns of JJ Burns and company. … [Read more...]