July 10, 2019 - Quote of the Day
"Traders are very good at looking at the second hand on the clock, but not so good with the hour hand," said Gene Munster of venture capital firm Loup Ventures.
Entries by MHFTR
July 8, 2019 - Quote of the Day
"By historic, fundamental measures, stocks are extremely high. PE multiples are at 100-year highs. But if you look at stock prices relative to interest rates, they are exactly where they should be," said hedge fund legend, Stanley Druckenmiller.
Where The Economist "Big Mac" Index Finds Currency Value
My former employer, The Economist, once the ever-tolerant editor of my flabby, disjointed, and juvenile prose (Thanks Peter and Marjorie), has released its "Big Mac" index of international currency valuations. Although initially launched as a joke three decades ago, I have followed it religiously and found it an amazingly accurate predictor of future economic success.
Why US Bonds Love Chinese Tariffs
For many, one of the most surprising impacts of the administration’s tariffs on Chinese imports announced today has been a rocketing bond market. Since the December $116 low, the iShares 20+ Year Treasury Bond ETF (TLT) has jumped by a staggering $16 points, the largest move up so far in years. The tariffs are a
July 3, 2019 - Quote of the Day
"Every smart guy is tempted by leverage, and some are broken by it," said Oracle of Omaha Warren Buffett.
July 2, 2019 - Quote of the Day
"Technology is going to be stealing market capitalization from other industries for the next ten years," said Gene Munster of Silicon Valley venture capital firm Loup Ventures.
July 1, 2019 - Quote of the Day
Quote of the Day "A lasting relationship with a woman is only possible if you are a business failure," said John Paul Getty, a Morgan Stanley billionaire client who was married five times.
June 25, 2018 - Quote of the Day
"Success is the ability to go from one failure to another with no loss in enthusiasm," said the wartime British Prime Minister, Winston Churchill.
June 10, 2018 - Quote of the Day
"If a cluttered desk is a sign of a cluttered mind, what is an empty desk a sign of?" asked Albert Einstein.
June 5, 2019 - Quote of the Day
"If horses could have voted, there never would have been cars," said my friend, Tom Friedman, a columnist at the New York Times.