?The old yardsticks don?t seem to be working anymore,? said Art Cashin, a strategist at UBS.
As opposed to the mentality of the last couple of years where you faded every piece of good news, we may be moving to a period where you fade the bad news because you know there is a clear game plan below it,? Jim O?Neill, chairman of Goldman Sachs International in London.
?Let all men know how empty and worthless is the power of kings,? said King Cnut, a 10th century ruler of Denmark and England.
?Facebook was being priced as if it were a beautiful woman without a blemish. ?If any kind of blemish appeared, they will kill the stock. ?I?d rather own Google or Apple,? said my old friend and former client, Leon Cooperman, CEO of mega hedge fund Omega Advisors.
?Inflation steals from savers, and inflation is the logical consequence of printing too much money,? said Oracle of Omaha, Warren Buffett.
?Over the next several years, you will be shocked and surprised at the strength of the emerging Chinese consumer,? said Stephen Roach, the former Chairman of Morgan Stanley Asia.
?The most expensive advice that you will ever get is to be told at a market top that ?This time it?s different,? said Harvard economics professor Kenneth Rogoff
?For the third year in a row, high oil prices have slowed down the general economy, because disposable income is lost to high gasoline prices,? said John Hofmeister, former CEO of Shell Oil.
"I mind my own business," she told the Guinness World Records. "And I don't eat junk food," Said Besse Cooper, the world?s oldest person, on her 116th birthday in Monroe, Georgia.
?I?m in the probability business, not the forecasting business. Certainties offer very low returns, uncertainties, high returns,? said venture capitalist, Vinod Khosla.
