When asked about the urban legend that the vaults at Fort Knox are empty, and that the Fed has no gold, former Federal Reserve Chairman Ben Bernanke responded, “I’ve been to the basement of the New York Fed. The gold is there. I’ve seen it.”
“In both the 1982 and 1990 gains, the market accelerated at the end. Lightening may not strike twice but we would advise against flying a kite in a thunderstorm,” said Laszlo Birinyi of Birinyi Associates.
“The difference between a Tesla and all of its competitors is the difference between an iPod and a cassette player,” said Harvard Law fellow Vivek Wadhwa.
“Most of the ETF’s today are your dad’s Oldsmobile,” said Lee Kranefuss of Source Advisors, about the outdated irrelevance for most equity indexes.
“Savers are losers,” said a radio ad for a mortgage broker in Reno, Nevada.
“A fool learns from experience. A wise man learns from the experience of others,” said Otto von Bismarck, the first Chancellor of Modern Germany.
“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.
“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.
“The three most harmful addictions are heroin, carbohydrates, and a monthly salary,” said Nassim Nicholas Taleb, author of Antifragile: Things That Gain from Disorder
“If you’re a retail CEO and the tariff announcement comes, you’re on your front porch looking for a cloud of locusts,” said Charlie O’Shea, a retail debt analyst at Moody’s.
