“Men are more easily governed through their vices than through their virtues,” said Napoleon Bonaparte.
“Men and nations behave wisely once they have exhausted all the other alternatives,” said the late Israeli deputy prime minister Abba Eban.
?All over the world, money managers are waiting for the signal that the Fed is going to end easing. I think everyone is on a hair trigger,? said oracle of Omaha, Warren Buffett.
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.
