We spend a lot of time looking for systemic risk; in truth, however, it tends to find us,” said Meg McConnell of the New York Fed.
“Everyone is now Cinderella at the ball, and there is no clock on the wall to tell you what time it is,” said the Oracle of Omaha Warren Buffet about the present rich pricing of stocks.
"In the world of business, bad news often surfaces serially. You see a cockroach in your kitchen; as the days go by, you meet his relatives," said Oracle of Omaha, Warren Buffett.
"The rule of thumb is to do your homework, do your analysis, don't give up prudent risk management for the sake of certain fads. Look for real valuations, and stay true to your time frames," said Marc Chandler, the global head of currency strategy at Brown Brothers Harriman.
“Markets will overvalue what you can quantify,” said Ann Lamont at Oak Investment Partners, referring to the extreme high prices for public companies versus the discount valuations of private ones.
“Everything I ever accomplished in business is due to what I learned in the Marine Corps, especially about leadership,” said FedEx founder and former Marine Captain Fred Smith.
“The real back swan wasn’t the virus, it was the lockdown, which caused very serious damage to the economy, especially small companies,” said Jason Trennert of Strategas Research Services.
“There is always more money than there are good ideas,” said my friend, venture capital investor Hubert Senters of Trade Thirsty.
“You be better off picking people randomly out of the phone book to run the country than relying on the faculty of Harvard,” said Tesla founder Elon Musk.
“Everyone has the brainpower to make money in stocks. Not everyone has the stomach,” said legendary investor and former client Peter Lynch.
