“We have few, if any spare tires left,” said Mohamed El-Erian, CIO of mega bond house PIMCO, about the nail studded road ahead for the US economy.
“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.
“Fair value doesn’t mean you have to go down. It just means you have to be cautious,” said hedge fund legend David Tepper of Appaloosa Management.
“Every recession sows the seeds for the next business recovery, and every recovery sows the seeds of the next recession,” said hedge fund manager Leon Cooperman of Omega Advisors.
"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.
"Investing now is like taking a shower while Norman Bates is somewhere in your house," said Jim McTague, a journalist at Barron's.
“Risk control is the best route to loss avoidance. Risk avoidance, on the other hand, is likely to lead to return avoidance as well, said Howard Marks, founder of distressed debt giant, Oak Tree Capital Management.
"My experience in business helps me as an investor, and my investment experience makes me a better businessman," said Oracle of Omaha, Warren Buffett.
"If you can get a dividend higher than the yield on ten year debt, it's an opportunity we haven't seen in our lifetime. On a five year horizon, investing in large multinationals with high dividends will have a large payday" said Lawrence Fink, CEO of Black Rock.
“When the Dow was down 3,600 points I felt like hugging our computers. The combination of man and machine is wonderful…Computers, math and game theory are the best decision makers there are,” said Bridgewater founder Ray Dalio.
