"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.
“Making cars is hell”, said Tesla founder Elon Musk.
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“In the short term, the market moves on behavior and in the long term it moves on math,” said Jenny Harrington, the CEO of Gilman Asset Management.
“I’m just watching in astonishment at the SPAC market. There are companies that I passed on for $5 billion now selling for $20 billion with 1% gross margins in completely undefendable businesses with competitors eating their lunch,” said investor Barry Sternlicht.
