“At a time of universal deceit, truth telling is revolutionary” said English author George Orwell.
“In the US, you had ten bad years in a row (during the Great Depression) and it still turned out to be a pretty good century, said Lloyd Blankfein, CEO of Goldman Sachs.
“Success is a double-edged sword. You want to shadow box with it and not dance with it,” said my late neighbor, Robert Redford.
“A life not self-examined is not worth living,” said the Greek philosopher Socrates.
“I’m long and I hate it. The closer we get to the top of the mountain, the closer we get to the other side, which can be terrible,” said old friend, hedge fund legend David Tepper.
“You can reduce discretionary spending down to zero and it won’t have much impact on our fiscal problems because it’s such a small proportion of the total,” said Ben Bernanke, former chairman of the Federal Reserve.
“People are investing with a rearview mirror. Last year, you had people legitimately scared out of the market. Unfortunately, you are losing a generation of investors at a time when they ought to be thinking about buying high quality stocks,” said Hersh Cohen of Clearbridge Advisors.
"Every attempt to make war easy and safe will result in humiliation and disaster," said the Civil War General, William T. Sherman.
'If you can get a dividend higher than the yield on ten-year debt, it's an opportunity we haven't seen in our lifetime. On a five-year horizon, investing in large multinationals with high dividends will have a large payday' said Lawrence Fink, CEO of Black Rock.
"A central bank is best that governs least, but is prepared to govern radically when called upon," said 19th century man of letters, Walter Bagehot, the first editor of The Economist magazine in London.
