“The rule of thumb is to do your homework, do your analysis, don’t give up prudent risk management for the sake of certain fads. Look for real valuations, and stay true to your time frames,” said Marc Chandler, the global head of currency strategy at Brown Brothers Harriman.
“Getting information off the Internet is akin to trying to sweep back the ocean with a broom,” said Ray Kurzweil, director of engineering at Google.
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.”
“The less prudent you find the actions of others, the more prudent you need to act yourself,” said Oracle of Omaha, Warren Buffett.
“The question is not whether Tesla will sell 80,000 or 90,000 cars this year, but whether they will sell 14 million or 15 million in 15 years. I believe they can do it,” said Ron Baron of long-term value player, Baron Capital.
“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.
“Everyone has the brainpower to make money in stocks. Not everyone has the stomach,” said legendary investor and former client Peter Lynch.