“It’s not true that the government spends money like a drunken sailor. A drunken sailor spends his own money,” said JP Morgan CEO Jamie Diamond.
"If horses could have voted, there never would have been cars," said my friend, Tom Friedman, a columnist at the New York Times.
"It is fine to have the longest view in the room, as long as the thing at the end of the vista is a gigantic hill of money," said John Lanchester of The New Yorker magazine.
“To pursue the mosquito theory as a cause of yellow fever would be a complete waste of government money,” said an army doctor in 1898.
“Savers are losers”, said a radio ad for a mortgage broker in Reno, Nevada.
“If I had asked what the customers wanted, they would have told me faster horses,” said Henry Ford.
"No better friend, nor worse enemy," says the motto of First Division of the US Marine Corps.
“There were three things the Russians were afraid of: AIDS, Jewish people, and Ronald Reagan. They were afraid he was going to push the button,” said KGB defector, Jack Barsky.
“With valuations rising and fundamentals deteriorating we are in Looney Tunes Land here. The coyote is running in midair”, said a hedge fund friend of mine about current stock market conditions.
“This could be the beginning of the end of the bond market,” said my friend, the legendary hedge fund manager, David Tepper.