“People are investing with a rear-view mirror. Last year, you had people scared out of the market. Unfortunately, you are losing a generation of investors at a time when they ought to be thinking about buying high quality stocks,” said Hersh Cohen of Clearbridge Advisors.
“For the first time in history, more people will die from eating too much food this year than not enough food, said my old friend and mayor of New York, Michael Bloomberg, about his attempt to ban 16-ounce soft drinks in the city.
“The individual investor in America sits at the bottom of the food chain,” said John C. Bogle, the late founder of the Vanguard Group of index funds.
“If you are going to be bearish and against this market, you are betting against the three richest men on the earth, Jay Powell, Christine Lagarde, and Kuroda,” said market strategist, Ed Yardeni.
"Ask not what your country can do for you, but what you can do for your country," said John F. Kennedy, America's 35th president.
“Wars are easier to get into than to get out of,” said former Secretary of Defense, Robert M. Gates.
"There are many companies in the US that are running out of time because of leverage. There is still $1 trillion in distressed or defaulted debt. Any company that could refinance has already done so. For all those companies that couldn't refinance, they're going to be hitting a wall this year or next year," said Marc Lasry, chairman of Avenue Capital Management, a top-performing fixed-income hedge fund.
"Interest rates are the physical gravity of financial assets. The lower they are, the higher assets will levitate," said Anthony Scaramucci, the founder and managing partner of SkyBridge Capital, a leading hedge fund of funds.
"The government is now the biggest impediment to economic growth," said my old friend Steven Rattner of the Quadrangle Group.
"In investment management, the progression is from the innovators to the imitators, to the swarming incompetents," said Oracle of Omaha, Warren Buffett.