“This turning 80 thing is not all it’s cracked up to be,” said Rolling Stones legend Mick Jagger.
“Man will not fly for a thousand years,” said Wilber Wright in 1901, right after he crashed on a test flight. He became the first man to fly two years later. In 1909, he flew his Wright Flyer around Manhattan, watched by an amazed crowd of one million. Toda,y his image adorns every US pilot license.
"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.
“In the US, you had ten bad years in a row (during the Great Depression) and it still turned out to be a pretty good century, said Lloyd Blankfein, CEO of Goldman Sachs.
"The longer you wait to fire someone, the longer it has been since you should have fired them," said Elon Musk, founder and CEO of SpaceX and Tesla Motors.
“You cannot trust bankers to control themselves. They’re like heroin addicts,” said Berkshire Hathaway Vice Chairman, Charlie Munger.
“Interest rates are gravity. When they are zero, shares prices can go to infinity. When they are high, as they were during the early 1980’s, the gravitational pull can be very strong,” said Oracle of Omaha, Warren Buffet.
“I looked all over the basement when I was at the White House, and there is no big lever you can throw to make things good again,” said Austin Goolsby, former chairman of the Council of Economic Advisors.
“Life can be understood backwards, but it must be lived forwards,” said Oracle of Omaha Warren Buffet.
“Coincidence is God’s way of remaining anonymous,” said Albert Einsten.
