"Bull markets go everywhere from 1-2 years to five years after the Fed begins tightening. We've got a long way to go before we have to worry about bonds competing against stocks," said Professor Jeremy Siegel of the Wharton School of Business
“There is no sign of a recession anywhere,” a major bank economist told me in September 2007.
“Sitting tight is seldom recommended by Wall Street. Don’t ask the barber whether you need a haircut,” said Oracle of Omaha, Warren Buffet.
“Believe nothing that you hear, and half of what you see,” said the legendary investor, Ron Baron.
"If horses could have voted, there never would have been cars," said my friend, Tom Friedman, a columnist at the New York Times.
"Whenever I hear someone in finance say that a one in two-billion-year event just happened, I say that you just demonstrated you have a model for measuring tail risk that isn't any good," said former Treasury Secretary and Harvard University President Larry Summers.
“We can lead, but we cannot carry,” said Mike Ryan, chief investment strategist at UBS, about America’s role in the global economy.
“It’s really dangerous to look for rationality in the market, so much of it is psychology…. Stocks will rotate from flawless to hopeless,” said Howard Marks of Oaktree Capital Management.
“This turning 80 thing is not all it’s cracked up to be,” said Rolling Stones legend Mick Jagger.
“Man will not fly for a thousand years,” said Wilber Wright in 1901, right after he crashed on a test flight. He became the first man to fly two years later. In 1909, he flew his Wright Flyer around Manhattan, watched by an amazed crowd of one million. Toda,y his image adorns every US pilot license.
