I’m not in favor of breaking up the large banks. But if push comes to shove and there is no other way to eliminate the “too big to fail” problem, which is getting worse, and not better, I would be in favor of breaking up the big banks,” said former Federal Reserve chairman, Alan Greenspan.
“If Carnival Cruise Lines (CCL) can raise $4 billion in the debt markets, why can’t American (AA) or United (UAL) do the same? Why stick it to the taxpayer?” asked my old friend, famed short-seller Jim Chanos.
“Our clients used to think in weeks and days. Today, it’s not even hours-- they think in minutes,” said John Schutz of Wells Fargo, the largest financial advisor in Minnesota, with $1.2 billion in assets.
“China thinks strategically. We think reactively,” said Stephen Roche, former chairman of Morgan Stanley Asia, and my friend and former mentor.
“Data is the new oil,” said Dr. Kai-fu Lee, a leading Chinese artificial expert.
“When a business manufactures and distributes a non-essential consumer product, the customer is the boss,” said Oracle of Omaha Warren Buffet.
“The market is untradeable now. We are one tweet away from a new all-time high, or a 10% correction,” said a hedge fund friend of mine.
“Trust is the coin of the realm. When trust was in the room, whatever room that was – the family room, the schoolroom, the locker room, the office room, the government room, or the military room – good things happened,” said my late friend, US Treasury Secretary George Schultz.
All Roads lead to gold right now,” said technical analyst Carter Braxton Bragg.
"The three most harmful addictions are heroin, carbohydrates, and a monthly salary," said Nassim Nicholas Taleb, author of Antifragile: Things That Gain from Disorder
