“Volatility will be our traveling companion for a while,” said one strategist.
“The circulation of confidence is better than the circulation of money,” said President James Madison, America’s fourth president.
"Technology has outrun the ability of the market to handle it. When the next bear market comes, there could be a messy affair," said my friend and client Leon Cooperman of hedge fund Omega Advisors.
“The next big story in credit is going to come from Asia” said Tres Knippa of Kenai Capital Management.
“I wouldn’t want to see everyone get down to where Detroit is before we declare a bottom in residential housing,” said David Blitzer, former chairman of the S&P 500 Index Committee.
"I had no idea Amazon would produce this kind of performance. I blew it," confessed Oracle of Omaha Warren Buffett.
“Gold is my cash. Over the long term it is not the best investment. But when you are having a monetary crisis it should be part of every portfolio,” said hedge fund legend, Ray Dalio of Bridgewater Associates.
“Our economic machine really works. It’s worked since 1776….Look at any milestone you want to pick, and over time it’s gotten so much better,”
said Oracle of Omaha, Warren Buffett.
“Man, it feels more and more like 1999 every day. Risk is being discounted tremendously,” said venture capitalist, Bill Gurley.
“Most of the ETF’s today are your dad’s Oldsmobile,” said Lee Kranefuss of Source Advisors, about the outdated irrelevance for most equity indexes.
