July 11, 2025 - Quote of the Day
“If you're not stubborn, you'll give up on experiments too soon.” – Said Founder of Amazon Jeff Bezos
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“If you're not stubborn, you'll give up on experiments too soon.” – Said Founder of Amazon Jeff Bezos
“Success is a lousy teacher.” – Said Co-Founder of Microsoft Bill Gates
“The rule book on how things are done and how they will play out you can just throw away right now,” said Scott Minerd of Guggenheim Partners.
“It’s really dangerous to look for rationality in the market, so much of it is psychology…. Stocks will rotate from flawless to hopeless,” said Howard Marks of Oaktree Capital Management.
“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.
With the national debt becoming a hot-button issue once again, it’s time to revisit one of my favorite stories. When I was a little kid during the early 1950s, my grandfather used to endlessly rail against President Franklin Delano Roosevelt. The WWI veteran, who was mustard-gassed in the trenches of France and drove Red Cross
“Babies born in America today are the luckiest crop in history,” said Oracle of Omaha Warren Buffett.
“Nine-tenths of tactics were certain enough to be teachable in schools. The irrational tenth was like the kingfisher flashing across the schools,” said TE Lawrence, known as Lawrence of Arabia.
“There is no vaccine for credit losses….bank provisions will be in the trillions,” said bank analyst Chris Whelan.
“It’s hard not to root for America and democracy when you’re part of the system,” said hedge fund manager Brad Gerstner.
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