“The money pouring out of the emerging markets is not bad for the US. We are the oasis in this situation,” said strategist Louis Navellier, of Navellier Associates.
"I wouldn't rush to come back from the beach this summer," said my buddy, Steve Weiss of Short Hills Capital Partners.
“Adaption is smarter than you are,” said economist Frederich Hayek.
"When a manager with a reputation for brilliance takes over a business with poor fundamental economics, it is the reputation of the business that remains intact," said Oracle of Omaha, Warren Buffett.
“Having spent three years in Washington, it’s easy to have a delusion of grandeur in terms of how much you can stimulate the economy,” said Ed Lazear, former chairman of the Council of Economic Advisors.
“There’s no point in winning the war if you can’t win the peace,” said former Treasury Secretary Larry Summers about the postwar need to rebuild Ukraine.
"Right now, by historical standards, stocks are significantly undervalued. ?Irrational exuberance? is the last term I would use to characterize the market right now," said former Federal Reserve chairman, Alan Greenspan.
“We’ve seen the S&P 500 drop 50% twice in the last 15 years. That is the new normal”, said Richard Kang of Emerging Global Advisors.
If you speak French and want excitement, call this number,” said a flyer read by my friend and former mentor William Colby during WWII. That was how he was recruited by the OSS, which later became the CIA, once headed by Colby.
“A man who is the master of patience is the master of everything else,” said George Saville, a professional soccer player.
