November 3, 2014 – Quote of the Day

Foot on banana peel

“Risk control is the best route to loss avoidance. Risk avoidance, on the other hand, is likely to lead to return avoidance as well, said Howard Marks, founder of distressed debt giant, Oaktree Capital Management. … [Read more...]

October 30, 2014 – Quote of the Day

Recovery Sign

“We underestimated the negative impact of the slowdown in the housing market, and we may be underestimating the tail wind in its recovery,” said Uwe Mark Ruttke of Merrill Lynch, the top financial advisor in Colorado. … [Read more...]

October 24, 2014 – Quote of the Day


“If you are going to be bearish and against this market, you are betting against the three richest men on the earth, Bernanke, Draghi, and Kuroda,” said market strategist, Ed Yardeni. … [Read more...]

October 22, 2014 – Quote of the Day

Wheat Fields-Van Gogh

“Every recession sows the seeds for the next business recovery, and every recovery sows the seeds of the next recession,” said hedge fund manager Leon Cooperman of Omega Advisors. … [Read more...]

October 20, 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...]

October 17, 2014 – Quote of the Day


“The red light on a television camera going on has the same effect on members of congress as a full moon does on werewolves,” said former Secretary of Defense, Robert Gates. … [Read more...]

October 14, 2014 – Quote of the Day

New $100 Bill

“He who sacrifices freedom for security deserves neither,” said Benjamin Franklin, the Revolutionary War US ambassador to Paris and signer of the Declaration of Independence. … [Read more...]

October 13, 2014 – Quote of the Day

Sahara Desert marching

“If you put the federal government in charge of the Sahara Desert, in five years there'd be a shortage of sand,” said Nobel Prize winning economist, Milton Friedman … [Read more...]

October 9, 2014 – Quote of the Day

John Thomas with Tom Freidman

“The Clinton and Bush administrations had it right with regards to our relations with China. We need to draw red lines when necessary, and build bridges when possible,” said my friend, columnist Tom Friedman, of the New York Times. … [Read more...]

October 8, 2014 – Quote of the Day

Smart Guy

“When you think you know more than everyone else about the consumer, you’re in trouble,” said Mickie Drexler, the legendary CEO of J Crew and Apple board member. … [Read more...]

October 6, 2014 – Quote of the Day


“No matter who wins the election, we still have a lot of wood to chop. There is no way we continue to run huge deficits without a severe market consequence,” said my old friend and former client, Leon Cooperman, CEO of mega hedge fund Omega Advisors.   … [Read more...]

October 3, 2014 – Quote of the Day


'There is one peculiarity about mass psychology in that when you are in a bubble, you can't see it. Bubbles are invisible when you are inside the bubble,' said the charming Jim Dines, of The Dines Letter. … [Read more...]

October 2, 2014 – Quote of the Day

Clowns - French

“The French have more fun in one year than the English do in ten,” said John Adams, America’s second president, and one time ambassador to Paris and London. … [Read more...]

September 30, 2014 – Quote of the Day

John Adams

“I must study politics and war that my sons may have liberty to study mathematics and philosophy. My sons ought to study mathematics and philosophy, geography, natural history, naval architecture, navigation, commerce, and agriculture, in order to give their children a right to study painting, poetry, music, architecture, statuary, tapestry, and porcelain,” said John Adams, the … [Read more...]

September 29, 2014 – Quote of the Day

Man Clouds Chart

“It’s not like stocks are so compelling. It’s that there is nowhere else to put your cash. There’s a ton of capital coming in here. When it feels this easy, it’s usually time to be cautious,” said Barry Sternwood, CEO of the Starwood Capital Group. … [Read more...]

September 25, 2014 – Quote of the Day


“Tesla (TSLA) is running faster than everyone else, so it’s hard to see how others can close the gap. I think the market smells this,” said Colin Rusch of Northland Capital Markets, and early investor in the Tesla IPO. … [Read more...]

September 23, 2014 – Quote of the Day


When the legendary economist, John Maynard Keynes, was asked if the world had ever seen a Great Depression before, he responded, “Yes, it was called the Dark Ages, and it lasted 400 years.” … [Read more...]

September 22, 2014 – Quote of the Day


“I’m worried that we now have the third bubble in three decades. We had the Dotcom bubble in the nineties, the property bubble in the 2000’s, and now we have the government bond bubble. Real interest rates are now massively negative. That’s where the bubble is.” said a Wall Street trader. … [Read more...]

September 18, 2014 – Quote of the Day

Cold War

“We are about to do something terrible to you. We are going to deprive you of an enemy,” Soviet commentator, Georgi Arbitov, told Secretary of State George Schultz at the end of the cold war. … [Read more...]

September 17, 2014 – Quote of the Day

Joan Rivers

“They say when you get old, you become wise. The truth is that when you get old, all the people who know you are stupid are dead,” said the late comedian, Joan Rivers. … [Read more...]

September 9, 2014 – Quote of the Day


“Apple will never be a consumer products company,” said John Sculley, the Apple CEO who fired Steve Jobs in 1985. Today Apple is the world’s largest and most profitable consumer products company. … [Read more...]

September 3, 2014 – Quote of the Day


“When you hit ‘SEND’ on a text, you lose ownership of that text. Yet, you retain the responsibility for that text.” said Mark Cuban, a serial entrepreneur who just won a nasty case with the SEC. … [Read more...]

September 2, 2014 – Quote of the Day

Man-Tired with Dollar Signs

“When a manager with a reputation for brilliance takes a business with poor fundamental economics, it is the reputation of the business that remains intact,” said oracle of Omaha, Warrant Buffett. … [Read more...]

August 28, 2014 – Quote of the Day


“It doesn’t take Herculean assumptions to get to $125 for S&P 500 earnings this year. Slap a 16 multiple on that, and you get 2,000 for the index,” said Brian Jacobson of Wells Fargo Advantage Partners. … [Read more...]

August 27, 2014 – Quote of the Day


“Financial repression seems to be working. The Fed is pushing everyone into riskier assts. Stocks are the obvious place for that, and it’s driving valuations ever higher,” said Curt Custard, of UBS Asset Management. … [Read more...]

August 25, 2014 – Quote of the Day

Woman Runner

“The speed of change has accelerated tremendously. What used to happen in three years now happens in three months,” said my friend, Hewlett Packard CEO, Meg Whitman. … [Read more...]

August 20, 2014 – Quote of the Day

Sinking Ship - Titanic

“Everything is expensive now. Worries about the future can cause safe assets to become highly priced….I call it the “Titanic Effect.” When the Titanic was going down, people would pay a fortune for anything that floats. We may be in a Titanic situation now,” said my buddy, Nobel Prize winner Robert Shiller. … [Read more...]

August 15, 2014 – Quote of the Day

Policeman - Woman - Ticket

“If a cop follows you for 500 miles, you’re going to get a ticket,” said Oracle of Omaha Warren Buffet, in reference to Bank of America’s many legal problems. … [Read more...]

August 14, 2014 – Quote of the Day


“The Obamacare website, had technical issues all week because of too much web traffic. You can't campaign on the fact that millions don't have health care and then be surprised that millions don't have health care. How could you not be ready? That's like 1-800-FLOWERS getting caught off guard by Valentine's Day,” said a comedian on Saturday Night Live. … [Read more...]

August 13, 2014 – Quote of the day


“Green technology is one of the best investment opportunities we’ve ever seen. We are used to seeing billion dollar market opportunities. Here, we’re seeing a trillion dollar opportunity.” said venture capitalist Steve Jurvetson. … [Read more...]

August 12, 2014 – Quote of the Day

Screwed - Cartoon

“If they don’t screw things up in Washington, stocks here are undervalued. If they do, then stocks are overvalued,” said hedge fund manager, David Tepper, of Appaloosa Management. … [Read more...]

August 8, 2014 – Quote of the Day


It amazes me how quickly amnesia sets in,” said Stephen Crawford, former co-president of Morgan Stanley, about the willingness of hedge funds to re-leverage positions in these conditions. … [Read more...]

July 31, 2014 – Quote of the Day

Hillary Clinton

“Some in the media have quoted me using a four letter word to dismiss the Correspondents’ dinner as a concern. I have not sought a correction,” said former Secretary of State and presidential contender, Hillary Clinton. … [Read more...]

July 30, 2014 – Quote of the Day

Man holding nose

“Revenues stink in the banking area. This decade will be the worst for revenue growth since the Great Depression,” said Mike Mayo, the controversial banking analyst at the Asian broker and research house, CLSA. … [Read more...]

July 28, 2014 – Quote of the Day

Michelangelo's David

In Italy, for 30 years under the Borgias, they had warfare, terror, murder and bloodshed, but they produced Michelangelo, Leonardo da Vinci and the Renaissance. In Switzerland they had brotherly love, they had 500 years of democracy and peace - and what did that produce? The cuckoo clock,” said the filmmaker, Orson Wells. … [Read more...]

July 25, 2014 – Quote of the Day

Stop Watch

“For several decades on Wall Street, the short term sensibility has been encouraged and compensated very highly,” said Michael Lewis, author of “The Big Short.” … [Read more...]

July 24, 2014 – Quote of the Day

Men - Guns

“Farce reigns and risk aversion rises,” Kit Juckes, global strategist at Societe Generale SA in London, wrote in a note to clients. “The U.S. is still heading towards a shutdown, the Italian government is heading for a confidence vote that probably precedes elections. Yen up, euro down.” … [Read more...]

July 23, 2014 – Quote of the Day

Hot Air Balloon

“The Fed is not worried about inflation in the next few years and want growth first, growth second, and growth third. With the stabilization of Europe, the apparent pick up in China, and a US economy still on a reasonable footing, the Fed’s heavy leaning to a growth policy should lead to a pretty favorable environment for the markets,” said legendary hedge fund manager, David … [Read more...]

July 22, 2014 – Quote of the Day

James Bond

“From the first, Istanbul had given him the impression of a town where, with the night, horror creeps out of the stones. It seemed to him a town the centuries had so drenched in blood and violence that, when daylight went out, the ghosts of its dead were its only population.”  said Ian Fleming in From Russia With Love. … [Read more...]

July 18, 2014 – Quote of the Day

Wicked Witch

“I’d much rather have the Wicked Witch of the East go away. We’d be way better off if we ended quantitative easing real fast so this scapegoat can get behind us,” said Ken Fisher of Fisher Investments. … [Read more...]

July 17, 2014 – Quote of the Day


“This is very bullish for markets. It’s bullish for markets intermediate term. Before, I thought we were in the seventh inning of a four-year bull market. Two waiters just came in and delivered another punch bowl. We’re going into extra innings, baby,” said Stanley Druckenmiller of hedge fund Duquesne Capital Management. … [Read more...]

July 15, 2014 – Quote of the Day

Jim Carrey

“The barriers to Wall Street are quite low, once you have the Ivy League credentials. If you’re a certain kind of kid who doesn’t actually know anything about anything, Wall Street is still a great place to go,” said Michael Lewis, author of “The Big Short.” … [Read more...]

July 10, 2014 – Quote of the Day


There are many companies in the US that are running out of time because of leverage. There is still $1 trillion in distressed or defaulted debt. Any company that could refinance has already done so. For all those companies that couldn’t refinance, their going to be hitting a wall this year or next year,” said Marc Lasry, chairman of Avenue Capital Management, a top performing … [Read more...]

July 8, 2014 – Quote of the Day

George Bernard Shaw

“Few people think more than two or three times a year; I have made an international reputation for myself by thinking once or twice a week,” said the Irish Nobel Prize winning playwright and cofounder of the London School of Economics, George Bernard Shaw. … [Read more...]

July 7, 2014 – Quote of the Day


There is tremendous amounts of money sitting on the sidelines. There is enormous M&A activity. The greatest thinkers in the corporate world are saying that it is cheaper to buy than to build. This says to me that the stock market still has value in it. We’re a long way from expensive,” said Milton Ezrati senior economist and market strategist for money management giant, … [Read more...]

July 3, 2014 – Quote of the Day

Woman-Evening Gown-Car Crash

“Something is going to be passed by the congress. The only question is, will it happen before, or after a bond market crisis. There’s no alternative,” said Dr. Alan Greenspan, former chairman of the Federal Reserve. … [Read more...]

July 2, 2014 – Quote of the Day


“We have few, if any spare tires left,” said Mohamed El-Erian, CIO of mega bond house PIMCO, about the nail studded road ahead for the US economy. … [Read more...]

June 30, 2014 – Quote of the Day


“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...]

Quote of the Day – June 26, 2014


“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. … [Read more...]

June 24, 2014 – Quote of the Day

Isaac Newton

“I can calculate the motions of heavenly bodies, but never the madness of crowds,” said Sir Isaac Newton, the inventor of calculus and discoverer of Newton’s Laws, who lost his entire fortune in a 17th century investment scam called “the south Sea Bubble.” … [Read more...]

June 13, 2014 – Quote of the Day

Blowing Bubbles

“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. … [Read more...]

June 5, 2014 – Quote of the Day

Donut Shop

“I served seven years as the chair of the Princeton Economic Department where I had responsibility for major policy decisions, such as whether to serve bagels or doughnuts at the department coffee hour,” said the former chairman of the Federal Reserve, Ben Bernanke. … [Read more...]

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 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 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 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...]